The Ministry of Defence has signed a contract worth over Rs 1,000 crore with Cochin Shipyard for the Short Refit and Dry Docking (SRDD) of INS Vikramaditya. The contract has been signed for a period of five months. INS Vikramaditya is an Indian aircraft carrier that was inducted into the Indian Navy in November 2013. After the refit is completed, INS Vikramaditya will join the active fleet of the Indian Navy with upgraded combat capabilities.
 

The company said in an exchange filing, "We wish to inform you that Cochin Shipyard Limited (CSL) has signed a contract with the Ministry of Defence (MoD), Government of India for short refit and dry docking of a large Indian Naval vessel on November 30, 2024." The estimated contract value is over Rs 1,000 crore and the estimated duration of the project is about 5 months.

Stock performance The company's stock closed 0.14 per cent lower at Rs 1,577 on Friday. The company's stock has seen a rise of 161.83 per cent in the last one year. The 52-week high of the stock is Rs 2,979.45.