Defence ministry declares Cochin Shipyard lowest bidder for INR-50-bln order
This story was originally published at 17:59 IST on 16 February 2026
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--Cochin Shipyard lowest bidder for order of INR 50 bln from Defence ministry
--Cochin Shipyard lowest bidder for govt order to build 5 survey vessels
MUMBAI – Cochin Shipyard Ltd. was named the lowest bidder for an INR-50-billion order from the Ministry of Defence. The order is to build five next generation survey vessels for the Indian Navy, according to an exchange filing Monday.
The company expects the final announcement of the contract once few formalities are done. For the December quarter, Cochin Shipyard had reported a net profit of INR 1.45 billion on a revenue of INR 13.50 billion. Monday, the company's shares closed marginally lower at INR 1,469.40 on the National Stock Exchange. End
Reported by Anshul Choudhary
Edited by Akul Nishant Akhoury
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