“We would like to inform that Cochin Shipyard Limited (CSL) on September 17, 2025, signed a contract with Oil and Natural Gas Corporation Limited (ONGC) for dry dock/major lay-up repairs of one of its jack-up rigs,” the company said in an exchange filing.
The contract, signed on September 17, 2025, covers dry dock and major lay-up repairs of one of ONGC’s jack-up rigs and is expected to be completed in about 12 months. The deal marks a significant win for Cochin Shipyard in the high-value offshore engineering space, reinforcing its position as a preferred partner for public sector undertakings in the oil and gas sector.
In its regulatory filing, CSL clarified that the contract does not fall under related-party transactions and that none of its promoter group entities have any interest in ONGC, the awarding company.
Cochin Shipyard share price performance
Over the past year, Cochin Shipyard shares have delivered a modest gain of 7.22%. On a year-to-date (YTD) basis, however, the stock has fared better with a rise of 20.64%. The momentum has been particularly strong in the last six months, during which it surged 45.83%.
The stock did face some pressure over the past three months, slipping 13.83%, but it has since staged a recovery, delivering an 11.79% return in the last one month.
On Wednesday, Cochin Shipyard shares closed 3.75% higher at Rs 1,889.90 on BSE.
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