Cochin Shipyard Shares Surge on ₹250 Crore Green Tug Order Win

• Cochin Shipyard Ltd. shares rose after securing a "notable" order from Polestar Maritime Ltd. for up to ₹250 crore.
• The order involves constructing two Green Tugs with 60 T Bollard Pull Power under the Ministry of Ports, Shipping and Waterways' Green Tug Transition Programme.
• Delivery of the tugs is scheduled for August 2027 and September 2027.
• Despite a mixed Q3 performance with an 18.3% decline in net profit, revenue increased by 17.7%.
• The company declared a second interim dividend of ₹3.5 per equity share for FY26, with a record date of February 3, 2026.

Why It Matters: Cochin Shipyard's new green tug order boosted its shares despite mixed Q3 financial results.