Cochin Shipyard

Coordinates: 9°57′17″N 76°17′17″E / 9.954585°N 76.28814°E / 9.954585; 76.28814

Cochin Shipyard Limited

Type	Public Sector Undertaking
Industry	Shipbuilding
Founded	1972
Headquarters	Thevara, Kochi, India
Area served	India
Key people	Madhu s nair( cmd)
Products	Tankers; Bulk carriers; Platform supply vessels; Patrol boats; Diving support vessels
Services	Ship design Ship building Ship repair
Revenue	₹19.53 billion (US$290 million) (2015)[1]
Operating income	₹3.68 billion (US$55 million) (2015)[1]
Net income	₹2.35 billion (US$35 million) (2015)[1]
Total assets	₹30.15 billion (US$450 million) (2015)[1]
Total equity	₹15.61 billion (US$230 million) (2015)[1]
Number of employees	1,786 (March, 2015)
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 facilities in India.^[2] It is part of a line of maritime-related facilities in the port-city of Kochi, in the state of Kerala, India.^[3]

Of the services provided by the shipyard are building platform supply vessels and double-hulled oil tankers. Presently it is building the first range of indigenous aircraft carriers for the Indian Navy, the Vikrant-class aircraft carriers.

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 Rs. 1,500 crore (15,000 million Rupees) for further expansion through an Initial Public Offering (IPO) towards the end of the fiscal year.^[4]

The government finalised the decision of stake sale on November 18, 2015. 3.39 crore (33.9 million) shares of face value Rs. 10 Each will be sold, out of which the government is holding 1,13,000 shares while the others are fresh equity.

The shipyard also trains graduate engineers in marine engineering.^[5] 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.^[6]

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.^[7]

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 carriers will be the largest warships built by CSL. As of March 2016, it has nearly completed the construction of the first Vikrant-class carrier, the INS Vikrant.

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, the Union Territory of Lakshadweep, Fisheries and Cochin Port Trust, SCI and the Oil and Natural Gas Corporation (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.

References

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