Latest News | Cochin Shipyard Bags Rs 1,000 Crore Order from European Client

New Delhi, Nov 3 (PTI) Cochin Shipyard has received an order of about Rs 1,000 crore to construct vessels from a European client, the company said in a regulatory filing on Thursday.

The completion time for the project is 35 months, it said.

Also Read | Adani Enterprises Net Profit More Than Doubles to Rs 460.94 Crore in Second Quarter in 2022.

"CSL has bagged an international order for constructing 2 nos of Commissioning Service Operation Vessels (CSOV) from a European Client, with an option to build 4 more of such vessels to be exercised by the Owner within a period of one year," the filing said.

These vessels are intended for the services of offshore wind farm installations towards their commissioning and maintenance.

Also Read | OSSC Recruitment 2022: Vacancies Notified for 2,168 Group B and C Posts, Apply Online at ossc.gov.in.

"These specialised vessels are being contracted for the first time in the country. The estimated project cost for the firm order is approximately Rs 1,000 crore and the project completion time is 35 months," the filing said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)