Share Market News / This government stock rocketed as soon as it received an order from Adani

Share Market News: On December 27, some special events were seen between the beginning and end of the stock market. The Sensex opened at 78,947 in the morning but fell to 78,699 by the time the market closed. Despite this decline, the stock of a government company rose unexpectedly, and it closed on the upper circuit. The reason for this surge is being told to be the order of Rs 450 crore received from the Adani Group.

What is the importance of this order?

Adani Ports and Special Economic Zone Limited (APSEZ) gave an order of Rs 450 crore to Cochin Shipyard Limited for the construction of eight tug boats. Tug boats are small boats that help to move large ships safely near ports. This deal has been done keeping in mind the international standards of safety and efficiency along with promoting the "Make in India" initiative for shipbuilding and port operations in India.

Order supply time:

The delivery of these tug boats is expected to be completed between December 2026 and May 2028. This will significantly improve the efficiency and safety of vessel operations in Indian ports.

Company response

Ashwini Gupta, Wholetime Director and CEO of APSEZ, said, "We want to contribute to the 'Make in India' initiative by leveraging local, world-class manufacturing capabilities. This deal is part of our effort to ensure the highest standards of safety and efficiency."

Past experience and future plans

This is not the first time Cochin Shipyard has been given an order by the Adani Group. Earlier, the company had ordered the construction of two 62-tonne bollard pull ASD tugs for Ocean Sparkle Limited, which were delivered ahead of schedule. They were deployed at Paradip and New Mangalore ports.

Total orders:

With this new contract, Cochin Shipyard has received an order for 13 tug boats from the Adani Group. This deal is a big step towards providing better services in ports and creating a young and efficient fleet.

What is the message for investors?

However, this government company has caused a loss of 31% to its investors in the last six months. But the news of the order of 450 crores has excited the investors. This order is expected to improve the financial condition of the company and better performance in the future.

Conclusion

This big investment by the Adani Group is an important milestone not only for Cochin Shipyard but also for the port sector of India. This step will help in strengthening the "Make in India" initiative as well as raising the capacity and security of Indian ports to the global level.