Latest news with #GangaVilas
Business Standard
21 hours ago
- Business
- 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.
Time of India
a day ago
- 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.
&w=3840&q=100)
Business Standard
a day ago
- Business
- 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.
