The announcement was made after market hours on Friday, 1 March 2019. Stock markets were closed yesterday, 4 March 2019 for a local holiday.

Meanwhile, the S&P BSE Sensex was up 52.03 points or 0.13% at 36,115.84

On the BSE, 7688 shares were traded in the counter so far, compared with average daily volumes of 5682 shares in the past two weeks. The stock had hit a high of Rs 378.50 and a low of Rs 370 so far during the day.

Cochin Shipyard signed contracts with Utkarsh Advisory Services, Mumbai, (part of JSW group) for construction and delivery of four 8000 T Mini Bulk Carriers. The vessels will be built at the Cochin Shipyard yard at Kochi and are to be delivered within December 2020.

Cochin Shipyard which commenced ship repair operations in the year 1982, is the leading ship repair yard in the country. It has vast experience in repairing varied type of vessels including defence vessels, tankers, oil rigs, passenger vessels and port crafts.

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The First batch of Four (4 Nos.) Tuna Long Liner Cum Gillnetter Fishing Vessels designed and built by Cochin Shipyard, for fishermen beneficiaries of Department of Fisheries, Govt. of Tamilnadu was flagged off on 20 February 2019.

Cochin Shipyard is building a total of 16 Nos. Tuna Long Lining and Gillnetting fishing vessels under the diversification scheme of trawling fishing boats into deep sea fishing boats under Govt. of India Blue Revolution scheme with financial assistance from Government of India and Government of Tamilnadu. These vessels are designed and built as 'state of the art' high quality fishing vessels with modern navigation and communication equipment and advanced net hauling and linerwinches. Other facilities include galleys, bio-toilet, refrigerated seawater system and stainless steel cladded PUF insulated Fish Hold to preserve the fish catch. These boats are a great boon to Indian Fishing Community to migrate to more sustainable Deep Sea Fishing.

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Net profit of Cochin Shipyard rose 14.03% to Rs 129.72 crore in the quarter ended December 2018 as against Rs 113.76 crore during the previous quarter ended December 2017. Sales rose 16.48% to Rs 716.42 crore in the quarter ended December 2018 as against Rs 615.04 crore during the previous quarter ended December 2017.

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Cochin Shipyard will hold a meeting of the Board of Directors of the Company on 8 February 2019.

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