Cochin Shipyard wins govt order worth Rs. 270 crore

Cochin Shipyard Limited (CSL) has received a formal letter of Acceptance of Tender for 9 Floating Broader Outpost Vessels (FBOPs) from the Ministry of Home Affairs, India. The order for these 9 vessels is worth Rs. 270 crore.

CSL has bagged the order against stiff domestic competitive tender process participated by other shipyards. These boats will eventually join the water wing of Broader Security Force (BSF). The first set of 3 FBOPs are to be delivered within 18 months and subsequent batches of 3 each in 9 months intervals.

The details of the designing of these vessels include that the vessel will have 46 metres length and 12 metres width. They need to be capable of working in a very low draft of upto 1.2 metres and will be equipped with 4 fast patrol boats that can be launched and hoisted using Davit system. The other specifications for the vessel include accommodating 38 men on board. The FBOPs will be equipped with necessary navigation, communication and surveillance systems besides other modern facilities.

Through this order, CSL has an opportunity to prove its capability in the defence vessel construction segment and its commitment to support the new projects of various Indian Defence organisations for Maritime Security.

On Monday, the stock of Cochin Shipyard opened at Rs. 381 per share. The stock closed at Rs. 385.40 per share, which was also its intraday high, up by 1.7 per cent from its previous close of Rs 378.85.