The company said that these tugs are scheduled to be delivered by August 2027 and September 2027, respectively.
The business also declared a second interim dividend of ₹3.50 per share for FY26. Cochin Shipyard has fixed February 3, 2026 as the record date.
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For the quarter ended September 2025, the company’s revenue fell 13% year-on-year to ₹951 crore.
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To support these operations, CSL is setting up a block fabrication facility in Kochi spread over 80 acres.
Revenue for the period surged 38.5% to ₹1,068 crore against ₹771.5 crore in Q1FY25.
The collaboration also includes plans for skill-building particularly focused on the shipyard workforce and may extend to other areas within marine engineering.
The company will build these tugs in the designs of Robert Allan Ltd, a leading global design house for harbour tugs, the company said.
These two new vessels are part of a broader strategy to grow inland river tourism, a space that has quietly gained momentum in recent years, especially with interest picking up in the Northeast.
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