Shares of Cochin Shipyard were trading in the green and 2% higher on 5 February after the company signed a Rs 150 crore deal with the Indian Navy.

In its regulatory filing, the company said that they have signed a contract with the Indian Navy for undertaking Medium Refits for two Indian Navy Vessels for a total consideration of Rs 150 crore. This includes dry docking and refit along with the upgradation of equipment on board the ships.

On 31 January, the company bagged an order from a European client for the construction of a hybrid service operation vessel (SOV) for a total project cost of Rs 500 crore, which has to be completed in 2026.

On 10 January, the shares of the company went ex-split after the board announced a sub-division of its equity share.

Moreover, in January, the company opened a new dry dock and an international ship repair facility in Kochi for a total cost of Rs 1,799 crore.

In its quarterly report, the company reported a 121% year-on-year increase to Rs 244.4 crore and a 64% YoY jump in revenue from operation to Rs 1,056.4 crore.

The Board of Directors also recommended its second interim dividend of Rs 3.50 per share for the current fiscal year and has fixed 12 February as the record date for the interim dividend.

At 1:34 pm, the shares of Cochin Shipyard were trading 0.71% higher at Rs 911.60 on NSE.