Cochin Shipyard (COCHINSHIP) — Announcement

Cochin Shipyard Limited announced the incorporation of Green Maritime Propulsion Private Limited, a new joint venture with HBL Engineering Limited, to develop electric mobility and energy storage solutions for the maritime sector. The JV, incorporated on June 11, 2026 with a paid-up capital of ₹9 crore, sees CSL acquire 40% equity (36 lakh shares at ₹3.60 crore) and HBL take 60% (54 lakh shares at ₹5.40 crore). This strategic move aligns with India's Aatmanirbhar Bharat vision and positions both firms to capitalize on growing demand for sustainable maritime technologies, marking a significant expansion beyond CSL's traditional shipbuilding operations.

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About Cochin Shipyard Limited (COCHINSHIP)

Capital Goods · Industrial Manufacturing · Listed on NSE

Market Cap: ₹41,948.23 Cr P/E: 52.5

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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