Hooghly CSL to construct two luxury cruise vessels
Hooghly Cochin Shipyard Limited (Hooghly CSL), a wholly owned subsidiary of Cochin Shipyard Limited, will construct two luxury river cruise vessels to be operated on the Brahmaputra by Heritage River Journeys Private Limited, operating under the brand name Antara River Cruises.
The luxury cruise operator has entered into a construction contract with Hooghly CSL as part of the project. The agreement for the construction of the first vessel and a Letter of Intent (LOI) for the second were signed by Sanil Peter, chief executive officer, Hooghly CSL, and Raj Singh, founder and chairman, Antara River Cruises, in the presence of Madhu S. Nair, chairman and managing director, Cochin Shipyard Limited, according to a release.
The contract represents the synergy of world-class shipbuilding expertise and high-end riverine hospitality while reinforcing a shared commitment to the growth of luxury river cruise tourism in the country. The new vessels promise to set new benchmarks for luxury, safety, and sustainability in inland navigation and reflect a strong push towards the Union government's 'Make in India' initiative and showcases India's growing capacity to design and construct globally competitive cruise vessels of international standards, the release said.
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The Hindu
a day ago
- The Hindu
Hooghly CSL to construct two luxury cruise vessels
Hooghly Cochin Shipyard Limited (Hooghly CSL), a wholly owned subsidiary of Cochin Shipyard Limited, will construct two luxury river cruise vessels to be operated on the Brahmaputra by Heritage River Journeys Private Limited, operating under the brand name Antara River Cruises. The luxury cruise operator has entered into a construction contract with Hooghly CSL as part of the project. The agreement for the construction of the first vessel and a Letter of Intent (LOI) for the second were signed by Sanil Peter, chief executive officer, Hooghly CSL, and Raj Singh, founder and chairman, Antara River Cruises, in the presence of Madhu S. Nair, chairman and managing director, Cochin Shipyard Limited, according to a release. The contract represents the synergy of world-class shipbuilding expertise and high-end riverine hospitality while reinforcing a shared commitment to the growth of luxury river cruise tourism in the country. The new vessels promise to set new benchmarks for luxury, safety, and sustainability in inland navigation and reflect a strong push towards the Union government's 'Make in India' initiative and showcases India's growing capacity to design and construct globally competitive cruise vessels of international standards, the release said.
Business Standard
a day ago
- Business Standard
Cochin Shipyard arm secures order to build two luxury river cruise vessels
Cochin Shipyard announced that its wholly owned subsidiary, Hooghly Cochin Shipyard (Hooghly CSL), has secured a notable order from Heritage River Journeys, which operates under the brand Antara River Cruises. As per the companys classification, the value of a Notable contract ranges from ₹100 crore to ₹250 crore. The contract entails the construction of two luxury river cruise vessels for deployment on the Brahmaputra River, aiming to boost premium inland waterway tourism in the region. While the agreement for the first vessel has been signed, a Letter of Intent (LoI) has been issued for the second. Antara River Cruises is known for offering immersive luxury voyages across the Ganga, Padma, and Brahmaputra river systems. Its flagship vessel, Ganga Vilas, holds the record for the worlds longest river cruise, covering over 3,200 km across 27 rivers. The journey has been featured in the Limca Book of Records. Cochin Shipyard clarified that the order does not constitute a related-party transaction and that none of its promoters or group companies have any interest in the contracting entity. Cochin Shipyard is engaged in shipbuilding & ship repair. As of 31 March 2025, the Government of India held 67.91% of the total voting rights in the company. The company's consolidated net profit advanced 10.9% to Rs 287.19 crore on a 36.7% rise in revenue from operations to Rs 1,757.65 crore in Q4 FY25 over Q4 FY24. Shares of Cochin Shipyard fell 2.33% to Rs 2,179.10 on the BSE.
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Business Standard
2 days ago
- Business Standard
Cochin Shipyard receives cruise vessel order from Antara River Cruises
Heritage River Journeys Private Limited, operating as Antara River Cruises, has signed a construction agreement with Hooghly Cochin Shipyard Limited (Hooghly CSL)—a wholly owned subsidiary of Cochin Shipyard Limited (CSL)—to build two inland luxury cruise vessels. These ships are intended for deployment on the Brahmaputra River. Antara River Cruises currently operates a fleet of river cruise vessels along the Ganga, Padma, and Brahmaputra river systems. Its flagship journey, the Ganga Vilas, traverses more than 3,200 kilometres and 27 rivers, covering routes across the Gangetic plains, the Sundarbans, and the Brahmaputra Valley. It is considered the world's longest river cruise route. Fleet and network expansion across Indian rivers Antara's current fleet includes the MV Ganges Voyager, MV Ganges Voyager II, MV Ganga Vilas, MV Bengal Ganga, MV Nauka Vilas, and four catamarans. Its cruises serve destinations such as Varanasi, Kolkata, Odisha, Dibrugarh, and Guwahati, and also cover scenic areas near Bhitarkanika National Park. According to a stock exchange filing by CSL, 'Once these vessels are put into operation, India—with its large network of rivers and waterways—will secure a prominent position on the global river cruise map, opening a gateway for the country to generate significant revenue from the largely untapped river cruise market.' First-of-its-kind vessels under IV Rules 2022 The agreement includes a construction contract for the first vessel and a Letter of Intent (LOI) for the second. The signing ceremony featured Shri Sanil Peter, CEO of Hooghly CSL, and Shri Raj Singh, Founder and Chairman of Antara River Cruises. 'It will also mark a historic milestone in Indian maritime history—being the pioneer luxury river cruise vessels to be classified under the Inland Vessels (IV) Rules, 2022, and the first to operate on the Brahmaputra River,' CSL added. Future routes: Kerala, Kashmir and Goa Earlier this year, Antara River Cruises announced plans to expand its operations to three additional inland waterways over the next five years: the Kerala backwaters, the Jhelum River in Kashmir, and interior river routes in Goa.
