12-Jun-2026 19:06:11
COCHIN SHIPYARD : JV WITH HBL ENGINEERING INCORPORATED ⚓🔋
• 🤝 Cochin Shipyard (CSL) and HBL Engineering have incorporated a JV named Green Maritime Propulsion Pvt Ltd on June 11, 2026 • ⚡ JV will focus on electric mobility technology and energy storage solutions for the maritime sector • 💰 Initial share capital stands at ₹9 Cr, divided into 90 lakh equity shares • 🚢 Cochin Shipyard subscribed 36 lakh shares worth ₹3.60 Cr, holding 40% stake in the JV • 🔋 HBL Engineering subscribed 54 lakh shares worth ₹5.40 Cr, holding 60% stake in the JV • 🇮🇳 Venture aims to develop indigenous electric and hybrid propulsion technologies for domestic and global maritime markets under the Atmanirbhar Bharat initiative • 🌍 Expected to capitalize on growing adoption of sustainable and hybrid propulsion systems in the maritime industry 🟢 Impact: Positive (Strengthens CSL's presence in next-generation green maritime technologies and opens a new growth avenue in electric propulsion and energy storage solutions.)
COCHIN SHIPYARD LIMITED