Cochin Shipyard secures order for two 70 T Bollard Pull Tugs from Polestar Maritime
Cochin Shipyard Limited (CSL), one of India's premier shipbuilders, has recently informed exchanges that the company secured a fresh order from Polestar Maritime Limited for the construction of two powerful 70-ton Bollard Pull Tugs. These vessels are expected to be delivered in May 2027 and September 2027, respectively.
This new order comes on top of three similar tugs already under construction by Udupi Cochin Shipyard Limited (Udupi-CSL), a wholly owned CSL subsidiary. Polestar Maritime, a well-known name in harbour tug services and marine assistance across ports, is expanding its fleet with high-performance, India-built vessels.
The tugs will be built based on designs by Robert Allan Ltd., a global leader in tugboat design. Both CSL and Udupi-CSL are playing a key role in bringing these advanced tug designs to India under the Government of India's Approved Standard Tug Design and Specifications (ASTDS) framework—part of the broader 'Atma Nirbhar Bharat' initiative to boost local manufacturing.
The vessels will be jointly constructed at CSL's Cochin yard under a work-share model with Udupi-CSL. Each tug will be powered by twin 1838 kW engines and 2.7-meter propellers supplied by Niigata IHI Power Systems, Japan.
With four tugs already delivered and 20 more—18 regular and 2 green tugs—in the pipeline, CSL continues to make steady progress in strengthening India's shipbuilding capabilities.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
32 minutes ago
- Business Upturn
Stocks to watch on brokerages today, June 30: Uno Minda, Torrent Pharma, RBL Bank, Reliance Industries and more
By Aman Shukla Published on June 30, 2025, 08:26 IST Leading global brokerages have released updated views on several major Indian stocks, adjusting ratings and target prices based on recent developments and performance trends. Here's a round-up of the latest stock calls: Uno Minda CLSA has initiated coverage on Uno Minda with a target price of ₹1,304 per share. Torrent Pharmaceuticals HSBC has maintained a Buy rating on Torrent Pharma with a target of ₹3,775 per share. Jefferies noted the recent acquisition by the company has added to its India portfolio. Nomura maintained a Neutral rating with a target of ₹3,580 per share. RBL Bank Citi has reiterated its Buy rating on RBL Bank and raised the target price to ₹285 per share. SBFC Finance Investec initiated coverage on SBFC Finance with a Buy rating and a target price of ₹135 per share. Gas Utilities Citi noted IGL and GSPL as potential key beneficiaries in the sector, with GAIL also expected to benefit under current conditions. Oil Marketing Companies (OMCs) J.P. Morgan stated that the decline in crude oil prices has improved margin outlooks for oil marketing companies. BPCL, IOCL, and HPCL are noted in order of preference. Reliance Industries J.P. Morgan expects improved earnings growth for Reliance Industries, citing contributions from its consumer-focused segments. The stock is viewed to have modest valuations relative to peers in telecom and retail. Metals and Mining J.P. Morgan reviewed Indian metal stocks, which have seen volatility over the past six months. Tata Steel, Hindalco, and JSW Steel are listed as preferred picks, while NMDC and Coal India are less favored in this space. Power Sector Jefferies commented that recent tariff adjustments in Maharashtra are unlikely to cause significant impact to power companies. Disclaimer: The views and recommendations expressed above are those of the respective brokerage firms. They do not represent the views of this publication and are not investment advice. Investors are advised to consult with certified financial advisors before making any investment decisions. Ahmedabad Plane Crash RBL BankReliance Industriestorrent pharmaUno Minda Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
32 minutes ago
- Business Upturn
Top stocks in focus on June 30: BHEL, Adani Power, Waaree Energies, NTPC Green, NLC India, Godrej Properties and more
By Aman Shukla Published on June 30, 2025, 08:10 IST A busy Monday is expected for investors as several companies have made important announcements spanning new orders, acquisitions, regulatory approvals, and business expansions. Here's a quick round-up of notable developments: Stocks to watch BHEL secured a large order worth ₹6,500 crore from Adani Power for six thermal units of 800 MW. Waaree Energies received an order for 540 MW solar modules from a U.S.-based developer. Zen Technologies received its 54th Indian patent for a laser-based combat training system. Interarch bagged a ₹77 crore order from Amara Raja. Neogen Chemicals received an on-account insurance payment of ₹50 crore for the Dahej SEZ plant incident. Sundram Fasteners saw HDFC Mutual Fund acquire 13.7 lakh shares for ₹137 crore. Hind Rectifiers secured a ₹101 crore order from Indian Railways. Prestige Estates and Arihant Group jointly acquired a land parcel in Velachery, Chennai. ITD Cementation won a ₹580 crore construction contract in Abu Dhabi. Titagarh Rail received a ₹430.53 crore order from Maharashtra Metro Rail for 12 Pune Metro trainsets. Hind Copper signed an MoU with IOC for critical mineral block development. Amber announced entry into power electronics and renewable energy sectors. Jyoti Ltd got a ₹6.45 crore order for HV switchboards. Alembic Pharma received US FDA approval for Doxorubicin Hydrochloride Injection. Western Carriers landed a ₹230 crore order from Jindal Stainless. Godrej Properties acquired 43 acres in Panipat with potential revenue of ₹1,250 crore. Nitin Spinners saw an upgrade in its credit rating outlook by CARE Ratings. Panorama Studios signed a distribution deal with Jio Studios for the Hindi film 'MAA'. Adani Power received a USD 384 million payment from Bangladesh. DLF received RERA approval for its first Mumbai project, The Westpark. Aptus Value Housing , Aadhar Housing , and GMR Airports all reported credit rating upgrades. Graviss Hospitality saw promoter group entity acquire a 1.4% stake. NTPC Green commissioned 288.9 MW of solar capacity at Khavda, Gujarat. Granules India completed a US FDA inspection with no observations. Mahindra Lifespace acquired Shreyas Stones Pvt Ltd. Sarda Energy received approval to operate its Coal Gasifier Plant in Raipur. Wardwizard disclosed invocation of a pledge on 37.5 lakh shares by promoter Yatin Gupte. NLC India secured a 450 MW wind-solar hybrid power project order from NTPC. EFC announced a ₹57 crore interior and fit-out contract from an MNC. Umiya Buildcon received RERA registration for its upcoming North Goa residential project. Crompton Greaves Consumer launched the CapMaxx 2.5MFD capacitor in the lighting segment. Vesuvius India began commercial operations at its Visakhapatnam plant. Omaxe received RERA registration for a project in New Palwal through its subsidiary. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Bloomberg
an hour ago
- Bloomberg
Global Funds May Shift From Indian Stock Market to China on Improving Sentiment
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. Nifty futures point to a positive start this morning after stocks last week posted their biggest gain since mid-May. Strength in other Asian markets and recent technical breakouts should further boost sentiment. The focus this week will be on HDB Financial's listing and monthly automobile sales data.
