Despite the cautious response of the company, reactive investors to the possibility of an important collaboration with the naval construction giant of South Korea. | Photo credit: Thulasi Kakkat
Cochin Shipyard Ltd (CSL) increased 5.47 percent to ₹ 1,792.40 at 11.22 am on Thursday when the company responded to media reports on a possible collaboration with HD Hyundai for a ₹ 10000 crore project.
In a regulatory presentation to the exchanges of securities on May 14, CSL clarified that it has not issued any declaration on the rumored association that reported the media on May 13. The company acknowledged that it is its Thantuatties “but multiple” when muticality, ”
The Naval Constructor suggested that recent media reports “can be based on information pieces” instead of the company’s official advertisements.
CSL’s statement referred to the maritime vision of India of India, Vision 2030 and Maritime Amrit Kaal Vision 2047, noting that central and state governments are working with interested parties to promote naval construction activities and repair of ships aligned with these initiatives.
Despite the cautious response of the company, reactive investors to the possibility of an important collaboration with the naval construction giant of South Korea. The action won $ 93.00 duration contribution in the National Stock Exchange.
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Posted on May 15, 2025
