Synopsis:
CFF Fluid Control secured a Rs. 23.7 crore LoI from the Indian Navy for P-75 equipment, with delivery by August 2026.
During Thursday’s trading session, shares of a company involved in providing services for submarines and surface ships for the Indian Navy surged nearly 3 percent on BSE, after the company announced securing an order worth more than Rs. 23 crores from the Material Organisation, Indian Navy.
At 10:53 a.m., the shares of CFF Fluid Control Limited were trading in the green at Rs. 654.95 on BSE, up by around 1.3 percent, as against its previous closing price of Rs. 646.6, with a market cap of Rs. 1,373.7 crores. The stock has delivered negative returns of around 9 percent in the last one year, but has gained by over 5 percent in the last one month.
What’s the News
As per the latest regulatory filings with the stock exchanges, CFF Fluid Control Limited has received a letter of intent (LoI) from the Indian Navy’s Material Organisation for the supply of multiple equipment worth nearly Rs. 23.7 crores for the P75 Project. The order is scheduled to be delivered by August 2026.
The Project-75 India (P-75I) program, initiated in the late 1990s, is a key part of India’s larger efforts to develop the indigenous capability to design and build advanced conventional diesel-electric submarines (SSK).
The overall cost of the P-75I programme is currently estimated at around Rs. 70,000 crore, though the final figure is expected to come down after contract negotiations. Once the agreement is finalised, the first submarine under the programme is projected to be delivered within 6-7 years.
Financials & more
CFF Fluid reported a significant improvement in its revenue from operations, showing a year-on-year increase of around 40 percent from Rs. 47 crores in H2 FY24 to Rs. 66 crores in H2 FY25. Likewise, its net profit increased during the same period from Rs. 7 crores to Rs. 10 crores, representing a rise of about 43 percent YoY.
CFF Fluid Control is engaged in the business of manufacturing, overhauling, repairing and maintenance of shipboard machinery, combat systems, reference systems, test facilities (pneumatic, hydraulic, electrical, and electrical systems) for submarines and surface ships for the Indian Navy.
Written by Shivani Singh
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