Latest news with #MIV
&w=3840&q=100)
Business Standard
4 days ago
- Business
- Business Standard
Cochin Shipyard soars 13% on heavy volumes; zooms 100% from February low
Share price of Cochin Shipyard today Shares of Cochin Shipyard hit an over nine-month high at ₹2,363.30, soaring 13 per cent on the BSE in Thursday's intra-day trade amid heavy volumes. The stock price of state-owned shipbuilding company was quoting at its highest level since August 12, 2024. It had hit a record high of ₹2,977.10 on July 9, 2024. Cochin Shipyard's stock price has doubled from its 52-week low of ₹1,180.45, which it touched on February 18, 2025. At 02:30 PM; the stock was quoting 11.5 per cent higher at ₹2,328, as compared to 0.44 per cent rise in the BSE Sensex. The average trading volumes at the counter jumped over three-fold. A combined 21.52 million shares representing 8.2 per cent of total equity of Cochin Shipyard changed hands on the NSE and BSE. What's behind Cochin Shipyard's 64% surge in 4 weeks? On May 13, 2025, media reported that HD Hyundai & Cochin Shipyard were in talks for ₹10,000 crore project. On clarification on news report on May 14, 2025, Cochin Shipyard said that the Central and State Governments are working with various stakeholders to promote shipbuilding and ship repair, in line with the Government of India's Maritime India Vision (MIV) 2030 and Maritime Amrit Kaal Vision (MAKV) 2047. Cochin Shipyard is also evaluating strategic possibilities with multiple entities which are at various stages. However, at this stage, there is no material event/ information that require disclosure, the company said. "With respect to the various reports circulating in the media, we would like to clarify that Cochin Shipyard has not issued any statement on the matter. Such reports may be based on threading pieces of information," the company said. On April 8, Drydocks World, a DP World company and a leading service provider for the maritime and offshore oil and gas, and renewable energy industries globally, signed a Memorandum of Understanding (MoU) with Cochin Shipyard, to enable development of Ship repair clusters, synergizing mutual strengths. The MoU also provides for cooperation in potential offshore fabrication opportunities engaging other entities like major ports. This collaboration will explore opportunities to develop ship repair clusters along India's coastline leveraging the expertise of both organizations. This partnership is expected to contribute significantly to the growth of India's maritime sector positioning the country as a global leader, the company said in statement. In February 2025, Cochin Shipyard entered into a MoU with A.P. Moller - Maersk to explore collaboration opportunities in ship repair, maintenance, and shipbuilding in India. This aligns with the Government of India's Vision 2047 maritime objectives and recent Union Budget 2025-26 announcements to position India among the top global maritime hubs. ICICI Securities view on Cochin Shipyard Cochin Shipyard is well positioned to benefit from significant order inflows in both defence and commercial shipbuilding, supported by a strong pipeline. The Indian Navy's plans to acquire warships, including an estimated ₹40,000 crore aircraft carrier, present major opportunity for Cochin Shipyard. Additionally, the brokerage firm believes that the government's strong focus on improving India's maritime infrastructure will create significant opportunities in commercial ship-building across cargo and passenger segments. Government aspires to position India among the world's top five shipbuilding nations (currently India's position stands at 22 with less than 1 per cent share in global ship-building market). Analysts expect Cochin Shipyard to witness significant YoY growth in revenues & profitability over FY24-27E, led by execution pick-up in both the segments and increasing share of margin accretive ship-repair segment. About Cochin Shipyard Cochin Shipyard is one of the leading shipyards in India, located in the southern state of Kerala. The company was founded in 1972 and is owned by the Government of India. The company is primarily engaged in shipbuilding and ship repair, catering to both the domestic and international markets. As at March 31, 2025, the Government of India holds 67.91 per cent of the company's equity share capital.
&w=3840&q=100)
Business Standard
15-05-2025
- Business
- Business Standard
Cochin Shipyard hits 7-mth high; up 26% in 1 week; what's behind the rally?
Cochin Shipyard share price today: Share price of Cochin Shipyard hit a seven-month high of ₹1,814.90, surging 7 per cent on the BSE in Thursday's intra-day trade in a subdued market amid heavy volumes. The stock price of the state-owned shipbuilding company is trading higher for the fifth straight day, zooming 26 per cent in one week. In comparison, the BSE Sensex was trading 0.1 per cent lower at 12:15 PM. The index gained 2 per cent in one week. Cochin Shipyard stock price is trading at its highest level since September 24, 2024. It had hit a 52-week high of ₹ 2,977.10 on July 8, 2024. The counter has seen huge trading volumes, with a combined 13.53 million equity shares representing 5 per cent of the total equity of Cochin Shipyard changing hands on the NSE and BSE. What's behind the rally in Cochin Shipyard share? The Central and State Governments are working with various stakeholders to promote shipbuilding and ship repair, in line with the Government of India's Maritime India Vision (MIV) 2030 and Maritime Amrit Kaal Vision (MAKV) 2047. According to media reports, HD Hyundai & Cochin Shipyard is in talks for a ₹10,000-crore project. On clarification on news reports on Wednesday, May 14, 2025, after market hours Cochin Shipyard said that the company is also evaluating strategic possibilities with multiple entities which are at various stages. However, at this stage, there is no material event/ information that requires disclosure, the company said. Meanwhile, in February 2025, Cochin Shipyard has entered into a Memorandum of Understanding (MoU) with A.P. Moller – Maersk to explore collaboration opportunities in ship repair, maintenance, and shipbuilding in India. This aligns with the Government of India's Vision 2047 maritime objectives and recent Union Budget 2025-26 announcements to position India among the top global maritime hubs. ALSO READ | 9MFY25 financial performance For April to December period of the financial year 2024-25 (9MFY25), Cochin Shipyard's revenue is up 20.4 per cent year-on-year (YoY) to ₹3062.3 crore, as ship-repair revenue is up 45.7 per cent YoY while ship-building revenue is up 10.6 per cent YoY. During 9MFY25, execution in the ship-building segment (66 per cent of total) has been moderated (revenue grew 11 per cent YoY) while the execution in ship-repair segment remained strong (revenue grew 46 per cent YoY). With strong order backlog (estimated at ₹22,000 crore; ~5x trailing twelve months revenue) and pick-up in execution, we expect revenue growth to remain healthy in the coming period. ICICI Securities view on Cochin Shipyard The company is well positioned to benefit from significant order inflows in both defence and commercial shipbuilding, supported by a strong pipeline. The Indian Navy's plans to acquire warships, including an estimated ₹40,000 crore aircraft carrier, presents a major opportunity for Cochin Shipyard. Additionally, analysts believe that the government's strong focus on improving India's maritime infrastructure will create significant opportunities in commercial ship-building across cargo and passenger segments. The government aspires to position India among the world's top five shipbuilding nations (currently India's position stands at 22 with less than 1 per cent share in the global ship-building market). ALSO READ | Here's why KRN Heat Exchanger shares are buzzing in trade on May 15 Furthermore, talks have begun with leading shipbuilders from South Korea and Japan to promote collaboration and enhance production capabilities in India. Europe also plans to replace its 2,500 vessels with green vessels, creating substantial demand for exports. The ship repair sector also shows promise, bolstered by the company's capabilities and government support. Recently, the company signed a MoU with AP Moller – Maersk to enhance ship maintenance, explore repair, construction opportunities. However, currently, the stock is trading above the brokerage firm's target price of ₹1,700 per share. About Cochin Shipyard Cochin Shipyard is one of the leading shipyards in India, located in the southern state of Kerala. The company was founded in 1972 and is owned by the Government of India. The Company is primarily engaged in shipbuilding and ship repair, catering to both the domestic and international markets. The company is a 'Miniratna', Schedule-'A', Category-I CPSE, which is also a public limited company incorporated and domiciled in India. As at March 31, 2025, the Government of India holds 67.91 per cent of the Company's equity share capital.
Hindustan Times
14-05-2025
- Health
- Hindustan Times
State plans Maharashtra Institute of Virology, along the lines of NIV
In its efforts to strengthen diagnostic and research capabilities in the state, the Maharashtra public health department is all set to establish the Maharashtra Institute of Virology (MIV), along the lines of the National Institute of Virology (NIV), Pune, officials in the know within the state government shared on Tuesday. With an initial budget of ₹38 crore, this will the state's first such lab in the city. An official from the health department, who was a part of the team involved in conceptualising the project, said MIV will be set up either by expanding the government's existing diagnostic laboratory in Camp or by developing a new facility within the campus of Aundh District Hospital. In either case, the institute will come up in an area of approximately 30,000 square feet. To start with, the laboratory will operate at Bio-Safety Level 2 (BSL-2) and subsequently upgraded to Bio-Safety Level 3 (BSL-3). Bio safety levels are conducted to test various pathogens. Once up and running, the institute will reduce the state's dependency on NIV especially during outbreaks of viral diseases. This was evident during past episodes such as the Covid-19 pandemic, the Human Metapneumovirus (HMPV) cases, and the recent outbreak of Guillain-Barré Syndrome, officials said. Health minister Prakash Abitkar told HT, that in cases of such outbreaks, the state has no option but to depend on NIV. 'We want MIV to be a comprehensive, state-of-the-art large facility that can also attract researchers from around the globe. While such a project was not envisioned earlier, going forward, we don't want to lag behind any government or private institution in testing capabilities.' The public health department operates a laboratory in Camp that was established in 1912. It is spread across 14,000 square feet, functions at the BSL-2 level and is equipped to conduct chemical and microbiological testing of food and water samples. However, over time, officials have emphasised the pressing need for a more advanced facility, particularly during viral outbreaks. A senior health official, speaking on the condition of anonymity, said that the location for the MIV will be finalised soon. 'We have submitted a proposal to the Public Works Department (PWD) to expand the existing Camp laboratory. An additional 14,000 square feet will be used to enhance and upgrade its testing capabilities. This expanded facility will be developed parallel to the MIV,' the official said. Abitkar called the establishment of MIV 'a milestone for the public health department'. 'The facility will not only serve Maharashtra but also assist other states when needed. As a government body, we must build our own world-class infrastructure with equipment that meets global standards. The lab will come up either at our existing facility in Camp or Aundh (where 85 acres of space is lying vacant) and is expected to be operational within six months. If MIV comes up in Aundh, the expansion planned in Camp will be an additional resource,' he said.
Yahoo
27-01-2025
- Automotive
- Yahoo
This Genesis GV60 On Tracks Is The New Coolest Way To Rescue Avalanche Victims In The Alps
There is something just so cool about a vehicle on tracks. Whether it be a snowmobile, snow cat, tank or just a sports car or big pickup truck with tracks installed, it's kinda impossible not to be obsessed, especially if you're a little kid. The latest vehicle to have tracks slapped on is one of the coolest in a long time, partially because it's so unexpected. It's the Genesis GV60 Mountain Intervention Vehicle concept, based on the brand's electric compact crossover. The concept, which Genesis is thankfully abbreviating as GV60 MIV, made its debut during the World Economic Forum in Davos, Switzerland, and has been on display at the Ameron Davos Swiss Mountain Resort since then, where Genesis says it has 'attracted considerable interest.' Yeah, I'm sure! It's an already wacky-looking car that's been fitted with huge carbon-fiber fender flares, underbody skid plates, a roof rack with off-road lights, and, of course, those snow tracks. It's not all about looking cool. Genesis says the GV60 MIV was 'designed for rescue support tasks in rugged terrains and challenging weather conditions, prioritizing occupant safety and mission functionality.' I think more cars need to be designed with mission functionality in mind for sure. On the inside, the MIV has sport seats, modular cargo area racks that hold medical supplies and other tools, and emergency communication and warning systems. Despite being so purpose-built, it doesn't sound like the GV60 MIV is something that Genesis is going to build more of or deploy on actual rescue missions. Still, it's cool that the company is considering what such a rescue vehicle would look like as we look to a future of even more modular and specialized off-road EVs. For the latest news, Facebook, Twitter and Instagram.
