Latest news with #HooghlyCochinShipyardLimited
Time of India
22-07-2025
- Business
- Time of India
Centre plans 51 cruise circuits across 14 states, 3 UTs by 2027ETInfra
Advt The Union government has planned 51 new cruise circuits across 14 states and three Union Territories by 2027 under the Cruise Bharat Mission, an official statement said on Monday. Viking Cruises has announced its entry into India's river cruise market with Viking Brahmaputra, an 80-guest vessel scheduled to begin operations in late 2027, signalling heightened interest and investment in India's river cruise tourism sector, it Brahmaputra, to be indigenously developed by Hooghly Cochin Shipyard Limited in Kolkata, will operate on National Waterway-2 , the statement river cruise tourism sector in India has witnessed notable growth, with the number of river cruise voyages on National Waterways increasing from 371 in 2023-24 to 443 in 19.4 per cent growth underscores the rising appeal and operational efficiency of river cruises in India's inland waterways, it just five vessels on three waterways in 2013-14, river cruise operations have expanded to 25 vessels across 13 national waterways in Inland Waterways Authority of India (IWAI) is developing dedicated cruise terminals on the Ganga and Brahmaputra rivers, with three cruise terminals planned in Varanasi , Guwahati, Kolkata, and the northeast, four more cruise terminals at Silghat, Biswanath Ghat, Neamati, and Guijan are proposed to be developed by 2027.
Time of India
24-06-2025
- Business
- Time of India
Cochin Shipyard shares in focus after subsidiary wins order for luxury river cruise vessels
Live Events Cochin Shipyard Q4 earnings Cochin Shipyard shares price target (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Cochin Shipyard will be in focus on Tuesday after the company announced that its wholly owned subsidiary, Hooghly Cochin Shipyard Limited (Hooghly CSL), has secured a significant order valued between Rs 100 crore and Rs 250 order, awarded by Heritage River Journeys Private Limited—operator of the Antara River Cruises brand—entails the construction of two luxury river cruise vessels for deployment on the Brahmaputra River . While the contract for the first vessel has been signed, a Letter of Intent (LOI) has been issued for the vessels are part of a broader initiative to boost premium inland waterway tourism in River Cruises is known for its curated voyages across the Ganga, Padma, and Brahmaputra rivers. Its flagship journey, Ganga Vilas, holds the distinction of being the world's longest river cruise, spanning over 3,200 kilometres across 27 rivers and multiple regions—including the Gangetic plains, the Sundarbans, and the Brahmaputra Valley—a feat recognised by the Limca Book of Shipyard clarified that the order does not qualify as a related party transaction, and neither its promoters nor group companies have any interest in the awarding the March quarter, Cochin Shipyard reported a 10.8% year-on-year rise in net profit to Rs 287 crore, while revenue surged 37% to Rs 1,758 EBITDA declined 7.6% to Rs 266 crore, and the EBITDA margin contracted sharply by 730 basis points to 15.10%, down from 22.40% in the same quarter last to Trendlyne, the average analyst target price for Cochin Shipyard is Rs 1,349, implying a potential downside of nearly 40% from current levels. Of the three analysts tracking the stock, the consensus recommendation is 'Hold'.On the technical front, the stock's Relative Strength Index (RSI) stands at 61.9, nearing overbought territory. The MACD is at 124.8—above the center line but currently trading below the signal line. Cochin Shipyard shares are trading above all key simple moving averages (SMAs), including the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day, signalling continued bullish momentum.
