Cochin Shipyard Signs Mega Contract with CMA CGM for Six 1,700 TEU LNG Vessels

Cochin Shipyard Limited (CSL) informed exchanges that it had signed a formal shipbuilding contract with CMA CGM for six 1,700 TEU LNG-fuelled feeder vessels, converting an earlier Letter of Intent into a binding agreement.

Cochin Shipyard Limited is a Government of India enterprise under the Ministry of Ports, Shipping and Waterways and holds Miniratna Category-I status. The company is engaged in shipbuilding and ship repair activities for domestic and international clients, including defence and commercial vessel segments.

Formal Contract Executed for LNG Feeder Vessel Series

In a filing dated February 18, 2026 (Ref: SEC/48/2017-63) to the BSE and NSE, CSL said the contract was executed in New Delhi following its earlier disclosure of October 14, 2025, regarding the Letter of Intent (LOI).

The vessels, each with a capacity of approximately 1,700 twenty-foot equivalent units (TEUs), will be powered by liquefied natural gas (LNG). LNG propulsion is generally adopted to meet tighter emission norms under IMO regulations, as it lowers sulphur oxide and particulate emissions compared with conventional marine fuels.

CSL classified the order as a “Mega” contract under its internal order categorisation framework. As per the company’s disclosed matrix, projects valued above ₹2,000 crore fall within the Mega band.

According to the contract terms cited in the exchange communication, the first vessel is scheduled for delivery within 36 months, while the sixth and final vessel is to be delivered within 64 months.

In its October 14, 2025, disclosure regarding the LOI, CSL had stated that none of the promoter or promoter group entities had any interest in the awarding entity, and that the transaction did not fall under related party transactions.

Share Price Movement

Shares of Cochin Shipyard Limited were trading at ₹1,533.20, up ₹4.10 or 0.27%, as of 1:54 pm IST on February 19, 2026.

Over the past five trading sessions, the stock has gained ₹56.20, or 3.81%, as of 1:54 pm IST on February 19, 2026.

The stock opened at ₹1,550.00 and touched a high of ₹1,562.30 and a low of ₹1,528.00 so far during the session. The previous close stood at ₹1,529.10.

The company’s market capitalisation stood at ₹40,310 crore at the time of writing. The stock’s 52-week high and low are ₹2,545.00 and ₹1,199.60, respectively.

The execution of the definitive contract formalises CSL’s previously announced Mega order from CMA CGM and sets a multi-year delivery schedule extending up to 64 months.

Source: https://nsearchives.nseindia.com/corporate/Aswi4739_18022026204158_SE_Intimation_CMACGM_18022026.pdf