The stock market performed brilliantly on Friday, the last trading day of the week. In this environment, the shares of government company Cochin Shipyard made a tremendous jump. Reason? A big order placed by Adani Ports and Special Economic Zone Limited (APSEZ), which caught the attention of investors.
What is this order?
Adani Ports and Special Economic Zone Limited (APSEZ) has placed an order worth Rs 450 crore to Cochin Shipyard.
- order detail:
- The company has been ordered to build a total of 8 tugboats.
- These tugboats are used to pull and move large ships to ports.
- The delivery of these tugboats will begin in December 2025 and will be completed by May 2028.
Adani Ports statement
“This order is in line with the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives,” Adani Ports said.
- This collaboration reflects their commitment to strengthen India’s maritime infrastructure.
- “Our aim is to promote manufacturing and self-reliance in India,” said Ashwini Gupta, CEO, APSEZ.
- Adani Group, India’s largest port operator in the private sector, is showing its confidence in the public sector companies through this order.
impact on stock market
Shares of Cochin Shipyard:
- On December 27, shares of Cochin Shipyard hit an upper circuit of 5%.
- The day’s trading closed at Rs 1,532.10.
- The stock’s 52-week high is Rs 1,607.95, which was seen in June 2024.
Adani Ports Shares:
- Adani Ports shares remained sluggish.
- On Friday, the stock closed in the negative zone at Rs 1,232, although it went up to Rs 1,253.60 during trading.
What is the importance of this partnership?
This order is not just a commercial agreement, but a symbol of Make in India and strengthening India’s maritime infrastructure.
- Cochin Shipyard:
This government manufacturing company is playing a leading role in promoting self-reliance in India’s maritime sector. - Adani Ports:
Being the largest port operator in the private sector, the move will strengthen public-private partnership in the industry.
Message to investors
- Cochin Shipyard:
For investors, the growing prospects in the shares of Cochin Shipyard indicate a good investment opportunity. - Adani Ports:
Although its shares saw a decline on Friday, from a long-term perspective the order strengthens the group’s infrastructure-focused strategy.
