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The MoU includes the joint exploration of newbuilding opportunities in India and abroad as well as sharing technical expertise to scale up to the global standards in shipbuilding. The collaboration also aims to identify initiatives to enhance productivity and improve capacity utilization. In addition both the parties will work together to upskill and strengthen workforce while also exploring potential collaboration in other shipbuilding-related projects.
Cochin Shipyard is primarily engaged in shipbuilding and ship repair, catering to both the domestic and international markets. As of 31 March 2025, the Government of India held 67.91% of the total voting rights in the company. The company's consolidated net profit advanced 10.9% to Rs 287.19 crore on a 36.7% rise in revenue from operations to Rs 1,757.65 crore in Q4 FY25 over Q4 FY24.
The counter added 2.08% to settle at Rs 2,057.25 on the BSE.
Jyoti CNC Automation Ltd gained 2.31% today to trade at Rs 1046.4. The BSE Capital Goods index is up 0.47% to quote at 72468.24. The index is up 2.48 % over last one month. Among the other constituents of the index, Bharat Dynamics Ltd increased 2.24% and Cochin Shipyard Ltd added 1.74% on the day. The BSE Capital Goods index went down 2.05 % over last one year compared to the 4.07% surge in benchmark SENSEX.
Jyoti CNC Automation Ltd has lost 20.06% over last one month compared to 2.48% gain in BSE Capital Goods index and 2.85% rise in the SENSEX. On the BSE, 1236 shares were traded in the counter so far compared with average daily volumes of 43379 shares in the past one month. The stock hit a record high of Rs 1501.65 on 18 Dec 2024. The stock hit a 52-week low of Rs 750.2 on 28 Feb 2025.
HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), South Korea has signed a Memorandum of Understanding (MOU) with Cochin Shipyard (CSL) on 04 July 2025. The MOU is intended to facilitate cooperation between the two companies in the following areas:
(i) Joint exploration of newbuilding opportunities in India and abroad; (ii) Sharing of technical expertise to scale up the global standards in shipbuilding; (iii) Identification of initiatives to enhance productivity and capacity utilization; (iv) Joint efforts to upskill and strengthen workforce; and (v) Exploration of potential collaboration in other shipbuilding-related projects.
KSOE is a global leader in shipbuilding and marine engineering, with proven expertise in designing and constructing commercial vessels, naval platforms, and offshore infrastructure. KSOE oversees the operations of some of the world's largest shipyards, including Hyundai Heavy Industries, Hyundai Mipo Dockyard, and Hyundai Samho Heavy Industries.
This MoU, under which the two companies will pursue strategic cooperation across a range of areas, aligns with the Government of India's vision to develop the country into a global maritime hub under the ‘Maritime India Vision 2030' and the ‘Maritime Amrit Kaal Vision 2047'. These strategic frameworks are backed by initiatives such as the recently announced INR 250 billion Maritime Development Fund, aimed at accelerating investment in shipbuilding, port modernization, and infrastructure upgrades.