The MSRA is a non-financial agreement and is effective from 5 April 2024. This will facilitate repair of US Naval vessels under Military Sealift Command in CSL.

The company has been qualified for entering into the MSRA after a detailed evaluation process and capability assessment by the US Navy –Military Sealift Command.

Cochin Shipyard is engaged in shipbuilding & ship repair. As on 31 December 2023, the Government of India held 72.86% total voting right in the company.

The company’s consolidated net profit soared 121% to Rs 244.38 crore on 64.63% jump in revenue from operations to Rs 1,056.40 crore in Q3 FY24 over Q3 FY23.

The counter hit an all-time high of Rs 1,170.05 in today’s intraday session.