Rs 22,500 Crore Order Book: Ship building company bags order between Rs 100 crore to Rs 250 crore from Heritage River Journeys Pvt Ltd
The stock is up by 93 per cent from its 52-week low of Rs 1,180.45 per share and has given multibagger returns of 1,300 per cent in just 3 years whereas the BSE Sensex Index is up by 56 per cent.
Hooghly Cochin Shipyard Limited (Hooghly CSL), a wholly-owned subsidiary of Cochin Shipyard Ltd (CSL), has secured a significant order from Heritage River Journeys Private Limited, operating as Antara River Cruises. This notable contract, valued between Rs 100 crore and Rs 250 crore, is for the construction of two luxury river cruise vessels. These vessels are specifically designed to operate on the Brahmaputra River, a move that is expected to bolster India's position on the global river cruise map and unlock substantial revenue from the nation's largely untapped river cruise market.
The agreement for the first vessel, along with a Letter of Intent (LOI) for the second, was officially signed on June 23, 2025. This landmark deal was formalized by Shri Sanil Peter, CEO of Hooghly CSL and Shri Raj Singh, Founder and Chairman of Antara River Cruises, in the presence of Madhu S. Nair, Chairman and Managing Director of Cochin Shipyard Limited. Antara River Cruises is renowned for its immersive voyages across the Ganga, Padma and Brahmaputra river systems, with its flagship vessel, Ganga Vilas, holding the record for the world's longest river cruise.
This collaboration marks a historic milestone in Indian maritime history, as these will be the first luxury river cruise vessels classified under the Inland Vessels (IV) Rules, 2022 and the first to operate on the Brahmaputra River. The contract underscores a synergy between world-class shipbuilding expertise and high-end riverine hospitality, reinforcing a shared commitment to the growth of luxury river cruise tourism in India. The new vessels are expected to set new benchmarks for luxury, safety and sustainability in inland navigation, aligning with the Government of India’s ‘Make in India’ initiative and showcasing the country's increasing capability to design and construct globally competitive cruise vessels.
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About the Company
Cochin Shipyard Ltd (CSL) is a leading player in the construction of all kinds of vessels, repairs and refits of all types of vessels, including periodic upgradation and life extension of ships. The company has a market cap of over Rs 57,000 crore and as of June 30, 2024, the company’s order book stands at approx. Rs 22,500 crore
According to Quarterly Results, net sales increased by 37 per cent to Rs 1,758 crore, operating profit decreased by 8 per cent to Rs 266 crore and net profit increased by 11 per cent to Rs 287 crore in Q4FY25 compared to Q4FY24. In its annual results, net sales increased by 26 per cent to Rs 4,820 crore and net profit rocketed by 171 per cent to Rs 827 crore in FY25 compared to FY24.
The stock is up by 93 per cent from its 52-week low of Rs 1,180.45 per share and has given multibagger returns of 1,300 per cent in just 3 years whereas the BSE Sensex Index is up by 56 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.