HBL Engineering, Cochin Shipyard Form Maritime JV

HBL Engineering Limited executed a Joint Venture Agreement with Cochin Shipyard Limited on March 25, 2026 for maritime electric mobility.
The JV company, 'Green Maritime Propulsion Private Limited', will be incorporated with initial capital of ₹9 crore (90 lakh equity shares at ₹10 face value).
HBL holds 60% (₹5.40 crore, 54 lakh shares) and CSL holds 40% (₹3.60 crore, 36 lakh shares) in the proposed JV.
The JV aims to develop electric mobility technology and energy storage solutions for domestic and global maritime markets.