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Monday 25 Nov, 2024 01:59 PM

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Cochin Shipyard rises on inking MoU with Seatrium Letourneau, USA

25-Nov-24 10:55 Hrs IST

This partnership aims to capitalize on opportunities for mobile offshore drilling units designed to meet the needs of the Indian market by building on the company's extensive experience in ship construction and engineering and SLET's renowned technical expertise and design capabilities.

Cochin Shipyard is engaged in shipbuilding & ship repair. As of 30 September 2024, the Government of India held 72.86% total voting rights in the company.

The company's consolidated net profit slipped 25.89% to Rs 149.39 crore in Q2 FY25 as against Rs 180.89 crore posted in Q1 FY25. However, revenue from operations grew 13% year on year (YoY) to Rs 1,143.20 crore in the quarter ended 30 September 2024.

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