Rs 22,500 crore order book: Shipbuilding company signs MoU with HD Korea Shipbuilding & Offshore Engineering Co. Ltd

Cochin Shipyard Limited (CSL), a leading Indian shipbuilding and ship repair company, has signed a comprehensive Memorandum of Understanding (MoU) with HD Korea Shipbuilding & Offshore Engineering Co. Ltd. (KSOE), a global leader in shipbuilding and marine engineering from South Korea. This MoU, signed on July 4, 2025, establishes a long-term cooperation framework covering various aspects of shipbuilding and maritime development. Key areas of collaboration include jointly exploring new shipbuilding opportunities in India and abroad, sharing technical expertise to meet global shipbuilding standards, identifying initiatives to boost productivity and capacity utilisation, and collaborating on upskilling the workforce. KSOE brings extensive experience from overseeing operations at major shipyards like Hyundai Heavy Industries, while CSL boasts a strong reputation in India's maritime sector, having delivered landmark projects such as India’s first Indigenous Aircraft Carrier and numerous high-end vessels to international clients.

This strategic MoU is a significant step towards bolstering India’s shipbuilding ecosystem through global collaboration and knowledge exchange, ultimately enhancing the nation's self-reliance and competitiveness in the maritime sector. The partnership aligns seamlessly with the Government of India's ambitious 'Maritime India Vision 2030' and 'Maritime Amrit Kaal Vision 2047,' which aim to transform India into a global maritime hub. These visions are supported by initiatives like the recently announced Rs 250 billion Maritime Development Fund, designed to accelerate investments in shipbuilding, port modernization, and infrastructure upgrades. Both CSL and KSOE's proven expertise in commercial and naval vessel construction, as well as offshore projects, positions this collaboration to significantly contribute to these national objectives.

Cochin Shipyard Ltd (CSL) is a leading player in the construction of all kinds of vessels, repairs and refits of all types of vessels, including periodic upgradation and life extension of ships. The company has a market cap of over Rs 54,000 crore and as of June 30, 2024, the company’s order book stands at approx. Rs 22,500 crore

According to Quarterly Results, net sales increased by 37 per cent to Rs 1,758 crore, operating profit decreased by 8 per cent to Rs 266 crore and net profit increased by 11 per cent to Rs 287 crore in Q4FY25 compared to Q4FY24. In its annual results, net sales increased by 26 per cent to Rs 4,820 crore and net profit rocketed by 171 per cent to Rs 827 crore in FY25 compared to FY24.

On Friday, shares of Cochin Shipyard Ltd jumped 2.08 per cent to Rs 2,057.25 per share from its previous closing of Rs 2,015.40 per share. The stock’s 52-week high is Rs 2,977.10 per share and its 52-week low is Rs 1,180.45 per share. The stock gave multibagger returns of 640 per cent in just 2 years whereas the BSE Sensex Index is up by 27.4 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.