 | |
 A view of one of the docks at the Cochin Shipyard | |
| Company type | Public |
|---|---|
| BSE: 540678 NSE: COCHINSHIP | |
| Industry | Shipbuilding |
| Founded | 29 April 1972; 53 years ago (1972-04-29) |
| Headquarters | , India |
Area served | India |
Key people | Madhu S. Nair (Chairman &MD) |
| Products | |
| Services |
|
| Revenue |  ₹2,536.94 crore (US$300 million) (FY 2023)[1] |
| ₹448.50 crore (US$53 million) (FY 2023)[1] | |
| ₹334.8 crore (US$40 million) (FY 2023)[1] | |
| Total assets |  ₹9,909.04 crore (US$1.2 billion) (FY 2023)[1] |
| Total equity | ₹4,423.41 crore (US$520 million) (FY 2023)[1] |
| Owner | Government of India |
Number of employees | 1,744 (March 2019) |
| Subsidiaries |
|
| Website | cochinshipyard.in |
Cochin Shipyard Ltd (CSL) is the largest shipbuilding and maintenance facility inIndia.[2][3] Cochin shipyard is one of the few companies in the world that have built anaircraft carrier and the only facility in India capable of building such warships.[4] It is part of a line of maritime-related facilities in the port-city ofKochi, in thestate ofKerala, India.[5] The shipyard builds platform supply vessels and double-hulledoil tankers. It has built big vessels up to 1,20,000deadweight tonnage (DWT) capacity, making it the leading shipyard in India in terms of capacity. The company hasMiniratna status.[6]
Cochin Shipyard was incorporated in 1972 as aGovernment of India company, with the first phase of facilities coming online in 1982.
In August 2012, the Government of India announced plans ofdivestment to raise capital of₹1,500crore for further expansion through aninitial public offering (IPO) towards the end of the fiscal year.[7] The Government finalised the decision of stake sale on 18 November 2015. 3.39 crore (33.9 million) shares were planned to be sold, out of which the government held 1,13,000 shares while the others were fresh equity. However, this did not materialise until August 2017, when the company conducted its IPO and listed its shares on theBSE andNSE.[6]
The yard has facilities to build vessels up to 1,10,000deadweight tonnage (DWT) and repair vessels up to 1,25,000 DWT.[8][9]
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The first ship to roll out of the Cochin Shipyard was the MVRani Padmini in 1981.[10]
The yard has delivered two of India's largest double-hullAframaxtankers, each of 95,000 DWT, includingMaharshi Parashuram andAbul Kalam Azad.
CSL has secured shipbuilding orders from internationally renowned companies fromEurope andWest Asia. The shipyard is building six 30,000 DWT bulk carriers forClipper Group of theBahamas and the first three vessels have been launched.[11]
Eightplatform supply vessels for the Norwegian Seatankers Management Company, are also under construction.[citation needed].
On December 27, 2024,Adani Ports and SEZ, through its subsidiary, Ocean Sparkle Limited, ordered eighttug boats from CSL. The order is worth about ₹450 crores comprisng eight 70 T Bollard PullAzimuthing Stern Drive Tugs delivered by Udupi Cochin Shipyard Limited. Deliveries will start in December 2026 and are expected to be completed by August 2028.[12]
Cochin Shipyard built India's first indigenousaircraft carrier-INS Vikrant (formerly, the Project 71 "Air Defence Ship"). The carrier is the largest warship built by CSL. In February 2020, all major structural and outfitting work was declared complete.[13] Sea trials finally began on 4 August.[14] Five day long sea trials were successfully completed on 8 August 2021.[15] The ship was commissioned on 2 September 2022.[16]
CSL, in collaboration withDRDO built INS Anvesh, amissile range instrumentation ship to be used as a Floating Test Range forIndia's ballistic missile defence program.[17][18] Its construction was awarded to CSL in 2015 and was laid down by 2016. It was commissioned into Naval service on 11 March 2022.[19]
CSL andGRSE are building the ships of theASW-SWC class for theIndian Navy. The ships built atKochi by CSL are called Mahe class and those built by GRSE are called Arnala Class.On 30 April 2019, theMoD and CSL signed the contract, valued at ₹6,311 crore for the construction of eight ships within a deadline of 84 months[20][21] On 1 December 2020, CSL initiated the project's construction, with the steel-cutting of the first ASW-SWC vessel,theINSMahe.[22]
CSL has built 20 FPVs for theIndian Coast Guard.The ships have been designed by M/s Smart Engineering & Design Solutions (SEDS) in Kochi.[23][24]
On 30 March 2023, The ministry of defence authorised acquisition of six NGMV from CSL at a cost of ₹9,805 crore (US$1.2 billion).On 16 December 2024, the steel cutting ceremony for the first ship of NGMV held at the Cochin Shipyard.The delivery of ships is scheduled to commence from March 2027[25]
The shipyard started offering repair services in 1982 and has undertaken upgrades and repairs for all types of ships, including ships for theoil exploration industry, as well as scheduled maintenance and life extension for ships of theIndian Navy,Indian Coast Guard, theUnion territory ofLakshadweep, Fisheries andCochin Port Trust,SCI and theOil and Natural Gas Corporation (ONGC). It has performed major overhauls for the aircraft carrierINSViraat.
CSL was awarded major maintenance and upgrade orders fromONGC. This included major overhaul of three rigs, the mobileoffshore drilling unit (MODU)Sagar Vijay, mobile offshore drilling unitSagar Bhushan andjackup rigSagar Kiran in 2005-06.[26]
It performed major overhauls for the aircraft carrierINSVikramaditya in 2016 and 2024.[27][28]
On 5 April 2024, CSL became the third Indian shipyard afterKattupalli Shipyard ofLarsen & Toubro andMazagon Dock Shipbuilders to sign a Master Ship Repair Agreement (MSRA) with theUnited States Navy for repair of itsMilitary Sealift Command Fleet Support Ships.[29][30][31] The ships operated by MSC are non-commissioned US Navy “support vessels” with civilian crews bearing the prefix “USNS”. Under the agreement, the US Naval ships of theCentral Command that are in voyage are to be repaired in India.[32][33]
The shipyard also trains graduate engineers inmarine engineering.[34] Around one hundred students are trained each year.
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