AI-generated · cited to primary sources · not investment advice
Cochin Shipyard (540678) Sep 2024 Filing Analysis
Does management do what it says?
The timeline has been refined to August 2024 as gantry crane commissioning is currently in progress. (2 revised, 2 met across 4 tracked commitments)
“The New Dry Dock is expected to be fully operational after completion of above work by 31 Oct 2024.”
The completion timeline has been shifted from June 2024 to October 2024. As of the report date, 15 vessels have been delivered with 8 remaining. (1 revised, 1 in progress across 2 tracked commitments)
“Target Completion : Dec 2023 – Nov 2024”
Launching of ASW SWC Corvette Vessel No. 4 & 5 for the Indian Navy. — target: 2 vessels (+1 more commitment)
“BY 526-527: Vessel No.4 & 5 :- Keel laid on 08 Dec’23, Launching planned in Sep 24”
The company plans to invest in additional fabrication capacities to leverage the new large dry dock in collaboration with HD KSOE. — target: N/A (+2 more commitments)
“SH 29 & 30 : Vessel 1& 2 :- Hull block erection and outfitting under progress, Launching Planned in Sep 24”
See the full cited Management analysis of Cochin Shipyard
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