Cochin Shipyard
Cochin Shipyard Ltd (CSL) is the largest shipbuilding and maintenance facility in India.[2][3] It is part of a line of maritime-related facilities in the port-city of Kochi, in the state of Kerala, India.[4] Of the services provided by the shipyard are building platform supply vessels and double-hulled oil tankers. It built the first indigenous aircraft carrier for the Indian Navy, the INS Vikrant. The company has Miniratna status.[5]
Company type
29 April 1972
India
- Ship design
- Shipbuilding
- Ship repair
- Marine Engineering Training Institute - Vigyana Sagar
₹2,536.94 crore (US$300 million) (FY 2023)[1]
₹448.50 crore (US$54 million) (FY 2023)[1]
₹334.8 crore (US$40 million) (FY 2023)[1]
₹9,909.04 crore (US$1.2 billion) (FY 2023)[1]
₹4,423.41 crore (US$530 million) (FY 2023)[1]
1,744 (March 2019)
History[edit]
Cochin Shipyard was incorporated in 1972 as a Government of India company, with the first phase of facilities coming online in 1982.
In August 2012, the Government of India announced plans of divestment to raise capital of ₹15 billion for further expansion through an initial public offering (IPO) towards the end of the fiscal year.[6] The government finalised the decision of stake sale on 18 November 2015. 33.9 million shares will be sold, out of which the government is holding 113,000 shares while the others are fresh equity. However, this did not materialise until August 2017, when the company conducted its IPO and listed its shares on the BSE and NSE.[5]