Cochin Shipyard

Cochin Shipyard Limited

Type	Public Sector Undertaking
Industry	Shipbuilding
Founded	1972
Headquarters	Thevara, Kochi, India
Area served	India
Key people	Cmde K Subramaniam (CMD)
Products	Tankers; Bulk carriers; Platform supply vessels; Patrol boats; Diving support vessels
Services	Ship design Ship building Ship repair
Revenue	₹17.127783 billion (US$250 million) (2014)
Operating income	₹2.909558 billion (US$43 million) (2014)
Net income	₹1.942422 billion (US$29 million) (2014)
Total assets	₹27.007644 billion (US$400 million) (2014)
Total equity	₹13.525309 billion (US$200 million) (2014)
Number of employees	1,751 (March, 2014)
Website	www.cochinshipyard.com

A view of one of the docks at the Cochin shipyard.

Cranes in Cochin Shipyard.

Cochin Shipyard Limited (CSL) is one of the major shipbuilding and maintenance facility in India. It is part of a line of maritime-related facilities in the port-city of Kochi, in the state of Kerala, India.

Of the services provided by the shipyard are building platform supply vessels and double-hulled oil tankers. Presently it is building the first indigenous aircraft carrier for the Indian Navy.

Cochin Shipyard was incorporated in 1972 as a Government of India company, with the first phase of facilities coming online in 1982. The yard has facilities to build vessels up to 1.1 million tons and repair vessels up to 1.25 million tons, the largest such facilities in India. In August 2012, the Government of India announced plans of divestment to raise capital of 15,000 million rupees (₹1,500 crore) for further expansion through an Initial Public Offering (IPO]) towards the end of the fiscal year.

Govt of India Finalise the decision of Stake sell on 18 November, 2015. 3.39 Cr Shares of Face value ₹10 Each will sold. Out of which Govt is holding 1,13,000 Share. others are fresh Equity.

The shipyard also trains graduate engineers in marine engineering. Around one hundred students are trained each year.

Shipbuilding

The first ship to roll out of the Cochin Shipyard was the MV Rani Padmini in 1981.

The yard has delivered two of India's largest double-hull Aframax tankers each of 95,000 DWT.

CSL has secured shipbuilding orders from internationally renowned companies from Europe and the Middle East. The shipyard is building six 30,000 DWT bulk carriers for Clipper Group of the Bahamas and the first three vessels have been launched.

Eight platform supply vessels for the Norwegian Seatankers Management Company, are also under construction.

Cochin Shipyard is currently building India's first indigenous aircraft carrier. The Vikrant-class aircraft carriers (formerly, the Project 71 "Air Defence Ship" (ADS)) are the first aircraft carriers of the Indian Navy to be designed and built in India. The Vikrant-class carriers will be the largest warships built by CSL.

Ship repair

The shipyard started offering ship repair services in 1982 and has undertaken upgrades and repairs for all types of ships including ships for the oil exploration industry as well as scheduled maintenance and life extension for ships of the Indian Navy, Indian Coast Guard, UTL, Fisheries and Cochin Port Trust, SCI & ONGC. It has performed major overhauls for the aircraft carrier, INS Viraat.

Recently CSL was awarded major maintenance and upgrade orders from ONGC. This included major overhaul of three rigs, Mobile Offshore Drilling Unit (MODU) Sagar Vijay, Mobile Offshore Drilling Unit Sagar Bhushan and Jackup Rig Sagar Kiran.