Cochin Shipyard Limited (CSL) has secured an order from the Oil and Natural Gas Corporation Limited (ONGC) for dry dock and major lay-up repairs of a Jack Up Rig. The estimated contract value is around Rs. 200 crore and the estimated duration for the project is around 12 months. The contract was signed on September 17, 2025.
Contract for Rig Repairs
Cochin Shipyard Limited (CSL) has entered into a contract with the Oil and Natural Gas Corporation Limited (ONGC) for the dry dock and major lay-up repairs of one of its Jack Up Rigs. The agreement was formalized on September 17, 2025.
Financial Details and Project Timeline
The estimated contract value for this project is approximately Rs. 200 crore. The project is anticipated to take around 12 months to complete.
Other Details
It has been confirmed that none of the promoter/promoter group/group companies have any vested interest in the entity responsible for awarding the order.
Source: BSE
