Cochin Shipyard announced that the Board of Directors of the Company at its meeting held on 4 January 2021, inter alia, have recommended the interim dividend of Rs 9 per equity Share (i.e. 90%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Cochin Shipyard has fixed 14 January 2021 as record date for payment of interim dividend of Rs 9 per share of Rs 10 each for FY 2021. The dividend will be paid on or before 02 February 2021.

Powered by Capital Market - Live News

Cochin Shipyard will hold a meeting of the Board of Directors of the Company on 4 January 2021.

Powered by Capital Market - Live News

Cochin Shipyard signed contracts for construction and supply of Two (2)nos Autonomous Electric Ferry for ASKO Maritime AS, Norway with an option to build 2 more identical vessels in 15 July 2020. This Autonomous Electrical vessel project is an ambitiousproject in Norway partially funded by the Norwegian Government aimed at emission-free transportof goods across the Oslo fjords. These vessels will be managed by M/s. Massterly AS, a companysetup to take technical management and operate autonomous vessels, a joint venture betweenM/s. Kongsberg, the world leader in autonomous technology and M/s. Wilhelmsen, one of thelargest Maritime shipping companies. Once in operation, these vessels will create a new benchmark for the merchant shipping world in the field of Autonomous Vessels with Zero CarbonEmission.

The 67 Mtr long vessels will initially be delivered as a Full-Electric Transport Ferry, powered by1846 kWh capacity battery. After commissioning of autonomous equipment and field trials inNorway, it will operate as a fully autonomous ferry of ASKO that can transport 16 fully loadedStandard EU trailers in one go across the fjords. The vessels are designed by Naval Dynamics,Norway using Kongsberg Maritime systems, with detailed engineering to be carried out by CSL.They will be built under DNV GL Classification and flagged in Norway, under the rule regulationsof the Norwegian Maritime Authority.

The plate cutting ceremony of the two Autonomous Electric Vessels being built for ASKO Maritime AS, Norway was held on 25 November 2020. The plate cutting ceremony is one of the initialmilestones in the vessel construction process

Powered by Capital Market - Live News