Cochin Shipyard has reached a major milestone in the global maritime market, securing a landmark contract worth approximately $360 million (₹3,267 crore) with France-based logistics giant CMA CGM Group. This agreement covers the construction of six 1,700 TEU container vessels powered by Liquefied Natural Gas (LNG), signaling a strategic shift for the French firm, which has historically relied on Chinese and South Korean yards. The deal effectively pushes Cochin Shipyard’s unexecuted order book to a record ₹23,000 crore, providing immense revenue visibility for the next several years. Engineering and design will be handled in collaboration with Korea Maritime Consultants (KOMAC). The first vessel is scheduled for delivery by February 2029, with a steady rollout of two vessels per year thereafter. Market sentiment remains highly reactive to these developments. On February 17, 2026, the company’s stock surged over 7% to an intraday high of ₹1,575 following news of this contract and the company being declared the lowest bidder (L1) for a separate ₹5,000 crore Indian Navy project. As of mid-February 2026, the stock is trading near the ₹1,470–₹1,500 range, supported by a market capitalization of over ₹40,000 crore. Financial performance for the quarter ending December 2025 showed a mix of scale and pressure. Revenue from operations grew by 17.7% year-on-year to reach ₹1,350 crore. However, consolidated net profit for the quarter dipped by 18.3% to ₹144.67 crore, primarily due to higher input costs and operational expenses. Despite this margin compression, the board declared a second interim dividend of ₹3.50 per share, demonstrating confidence in its cash flow. Beyond traditional shipbuilding, the company is aggressively pivoting toward green technology and global expansion. It recently approved a 23% stake acquisition in the Netherlands-based ship design firm Conoship International to penetrate the European market. Additionally, a new joint venture with HBL Engineering has been established to develop indigenous electric mobility and energy storage solutions for the marine sector. This expansion into sustainable, LNG-powered vessels aligns with India’s Maritime Vision 2047. By successfully competing for high-value international commercial orders alongside its massive defense backlog, Cochin Shipyard is positioning itself as a central player in the global transition toward cleaner maritime energy and self-reliant manufacturing.