PSU stock jumps after signing MoU with DP World group for ship repair clusters and othersPSU stock jumps after signing MoU with DP World group for ship repair clusters and others

Introduction:

Leading PSU has signed an MoU with global maritime giant Drydocks World to develop ship repair clusters, enhance offshore fabrication capabilities, and boost India’s maritime infrastructure under the Maritime India Vision 2030 initiative.

Also Read: Infra stock jumps 6% after redevelopment agreement in Borivali west with GDV of ₹865 Cr

Share price movement of Cochin Shipyard:

On April 9, 2025, Cochin Shipyard Ltd opened at ₹1,381.45, up 0.19% from its previous close of ₹1,378.75. The stock touched a high of ₹1,398.70 (1.45%) and a low of ₹1334.00 (-3.19%). By 10:12 AM, it traded at ₹1,347.95 with a market cap of ₹35,461.97 crore.

CSL and DP World sign ship repair MoU:

Cochin Shipyard Limited (CSL) has signed a Memorandum of Understanding with Drydocks World, a DP World company, to develop ship repair clusters. The MoU was signed during the CEO-Connect: Dubai-India Economic Ties event in Mumbai, witnessed by dignitaries including H.H. Sheikh Hamdan, Shri Piyush Goyal, and Sultan Ahmed bin Sulayem. 

The collaboration focuses on enhancing ship repair and offshore fabrication. The initiative supports Maritime India Vision 2030 and Maritime AmritKaal Vision 2047. It is expected to generate employment and promote India’s self-reliance in maritime engineering.

Stock performance of Cochin Shipyard for Period of 1 week, 6 months, and 1 year:

Cochin Shipyard Ltd delivered a -2.3% return over the past week and declined by 17.0% in the past six months. The stock gained 22.0% over the past year.

Also Read: Miniratna defence stock jumps after signing MoU with SWAN Defence for commercial shipbuilding

Shareholding pattern of Cochin Shipyard:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	67.90%	72.90%	72.90%
FII	3%	4%	5%
DII	7%	3%	3%
Public	22.50%	20.30%	19.70%

About Cochin Shipyard:

Cochin Shipyard Limited (NSE: COCHINSHIP), established in 1972, is a leading shipbuilder specializing in vessel construction, repairs, and exports, having delivered over 45 ships to international clients across various advanced categories.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.