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Cochin Shipyard has executed the Share Purchase Agreement

ICICIdirect Research 25 Sep 2026 DISCLAIMER

News: Cochin Shipyard has executed the Share Purchase Agreement and Shareholders’ & Cooperation Agreement to acquire a 23% stake in Conoship International Holding B.V., a Netherlands-based ship design and engineering company, for €2.3 million (~ ₹23 crore). Conoship provides ship design and engineering solutions across general cargo vessels, tankers, dredgers, ferries and offshore vessels, and reported group turnover of €4 million (~₹40 crore) in CY24. The acquisition is expected to be completed within two months and has received clearance from the Department of Investment and Public Asset Management (DIPAM). CSL and Conoship will also jointly explore opportunities in alternative-fuel technologies for short-sea vessels, coastal shipping, inland waterways and other marine applications.

View: The acquisition should strengthen CSL’s ship design and engineering capabilities while providing access to Conoship’s established European presence and diversified vessel-design portfolio. The partnership in alternative-fuel technologies can help CSL build capabilities in green and next-generation vessels, particularly across short-sea shipping, coastal and inland waterways. This should complement CSL’s broader expansion in commercial shipbuilding and ship repair, the order book stands at ₹ 20700 crore of which ~43% is contributed by commercial orders.

Impact: Positive

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