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Cochin Shipyard just got a clean-energy boost, and the market noticed.
The stock climbed after the company bagged a ₹100-250 crore order to build two green tugboats for Polestar Maritime under the Government’s Green Tug Transition Programme.
Polestar Maritime is a marine services company providing tugboats, port support, coastal logistics, and vessel operations for shipping and ports.
In simple terms, tugboats are the tough little workhorses that push and pull massive ships around ports. The 60T bollard pull tag is basically their muscle rating, how much they can pull. The deliveries are lined up for August and September 2027.
Numbers check: the win comes right after a mixed Q3. Profit slipped 18.3% YoY to ₹144.6 crore, but revenue rose 17.7% to ₹1,350.4 crore.
