India's Cochin Shipyard rises on signing agreement with Seatrium

Cochin Shipyard

25/11/2024 04:54

** Shares of Cochin Shipyard  COCH.NS  rise as much as 4.5%
to 1,358 rupees 
    ** The shipbuilder signed memorandum of understanding with
Seatrium Letourneau USA, a unit of Singapore-based shipbuilder
Seatrium  SEAT.SI , to develop jackup rig design for the Indian
market
    ** The co did not reveal any financials 
    ** COCH last up 3.2%, extending YTD gains to ~98%

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))