/ Cochin Shipyard signs contract with IWAI ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 16 July 2018

Cochin Shipyard has signed a shipbuilding contract with Inland Water Authority of India (IWAI) for design, construction and supply of Ten Ro-Ro Vessels. The total contract value is Rs 102.6 crore plus applicable taxes. These vessels are capable of carrying trucks, vehicles etc. and with sitting passengers will be deployed in various strategic locations in National Water Ways 1, 2 and 3.

The company has conceptualized and fully designed vessels. The vessels are built according to standards of Indian Register of Shipping. All the ten vessels will be delivered within a contractual period of 18 months.

Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India. The company caters to clients engaged in India’s defence segment and global commercial shipping

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