Rs 21,400 crore order book: This multibagger ship building company bags a major export order worth Rs 580 crore!

The stock has surged more than 90 per cent in the last one year.

Cochin Shipyard Limited informed in the exchange filing that Udupi Cochin Shipyard Limited (UCSL), the wholly owned subsidiary of Cochin Shipyard Limited (CSL), the Premier Shipyard group in India, wins prestigious international order from Wilson Shipowning AS, Norway, for design and construction of 6 Nos. new generation diesel-electric 3800 DWT general cargo vessel. The contract is signed with an option for additional 8 vessels.

The Future proof Dry Cargo Vessel Project is at an approximate cost of Rs 580 crores. The first vessel will be delivered by December 2024 and thereafter deliveries will be completed within March 2026.

Earlier, the company was declared as L1 by the Indian Navy for MR/Mid-Life Upgrade of an Indian Naval Ship. The estimated contract value is around Rs 300 crores and the estimated duration is around 24 months.

Cochin Shipyard Limited (CSL) is one of the leading players in the construction of all kinds of vessels, repairs, and refits of all types of vessels including periodic upgradation and life extension of ships. It has exported some 45 ships to various clients outside India.

The stock has delivered multibagger returns of over 100 per cent in the last one year. The company has a total order of Rs 21,400 crore and investors should keep a close eye on this stock.