Cochin shipyard Limited has secured a major breakthrough in the defense sector by being declared the lowest bidder (L1) for constructing Next Generation Survey Vessels for the Indian Navy. The announcement came during a meeting held at the Ministry of Defence, New Delhi on February 16, 2026.

Contract Details

The significant defense contract encompasses the construction of 5 Next Generation Survey Vessels (NGSV) for the Indian Navy. The estimated total order value stands at approximately Rs. 5,000 crore, marking a substantial addition to the company's order book.

Contract Finalization Process

While Cochin Shipyard Limited has been declared L1, the final contract announcement remains contingent upon satisfactory completion of necessary formalities. The company has committed to providing updates on the contract finalization process in due course.

Regulatory Compliance

The company has confirmed that none of the promoter, promoter group, or group companies have any interest in the entity that awarded the order. Additionally, the contract does not fall under the purview of related party transactions, ensuring complete transparency in the bidding process.

Strategic Significance

This L1 declaration represents a significant milestone for Cochin Shipyard Limited in the naval defense segment. The Next Generation Survey Vessels will enhance the Indian Navy's surveying capabilities, contributing to maritime security and operational efficiency. The contract reinforces the company's position as a key player in India's defense shipbuilding sector.

Cochin Shipyard Limited has announced that it has received an ESG rating from SES ESG Research Pvt. Ltd, marking another milestone in its corporate governance journey. The company disclosed this development under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ESG Rating Details

The rating agency has assigned Cochin Shipyard Limited an ESG score of 60.3, corresponding to Grade B. This assessment reflects the company's performance across Environmental, Social and Governance parameters as evaluated by SES ESG Research Pvt. Ltd.

Independent Assessment

The company emphasized that this rating was conducted independently by SES ESG Research Pvt. Ltd. Cochin Shipyard Limited clarified that it did not engage the rating agency for this ESG assessment. Instead, SES ESG prepared the report based on data available in the public domain, demonstrating the agency's independent evaluation methodology.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI LODR Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The information was received by the Company Secretary on February 12, 2026, and promptly communicated to the stock exchanges.

Rating Accessibility

The complete ESG rating report published by SES ESG Research Pvt. Ltd can be accessed through their official website at https://www.sesesg.com/all-esg-reports . This provides stakeholders and investors with transparent access to the detailed assessment of the company's ESG performance.

The ESG rating serves as an important benchmark for investors and stakeholders to evaluate the company's commitment to sustainable business practices and corporate responsibility across environmental, social, and governance dimensions.