The company proposes to use the net proceeds of ₹1,500 crore towards repayment of outstanding borrowings availed by the company and its subsidiaries and for general corporate purposes.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.