Cochin Shipyard’s shares experienced a surge following the announcement of securing a substantial Rs 200 crore contract from ONGC for the dry dock and major lay-up repairs of a jack-up rig. The contract, expected to span 12 months, reinforces Cochin Shipyard’s position in offshore engineering. Over the past six months, the company’s stock has surged, demonstrating strong momentum.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets