Cochin Shipyard awarded contract by Indian Navy, declared as L1 bidder

14 Jun 2023 CW Team

Cochin Shipyard Limited (CSL) has received communication from the Ministry of Defence, announcing that it has been declared as the L1 (lowest) bidder by the Indian Navy for the MR/Mid Life Upgrade of an Indian Naval Ship. The final contract will be executed in the appropriate timeframe. The estimated value of the contract is approximately Rs 3 billion, with an expected duration of around 24 months.

As of the latest trading session, shares of Cochin Shipyard Limited were trading on the Bombay Stock Exchange (BSE) at Rs 540.30, slightly lower than the previous closing price of Rs 544.70. Throughout the day, a total of 67,985 shares were traded in over 2,771 transactions. The stock reached an intraday high of Rs 554.40 and an intraday low of Rs 533.80, with a net turnover of Rs 36,84,72,84.00.

Infrastructure Transport

15 Oct 2025

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..