Cochin projects
Cochin Shipyard Limited (CSL) is proceeding with two major expansion projects at a total cost of Rs.2800 Crores.
It is setting up an International Ship Repair Facility based on a 6,000-ton shiplift and allied transfer facilities in approx 42 acres of land leased from Cochin Port Trust in Kochi.
When commissioned, this facility will help the yard substantially increase its ship repair capacities and position Kochi as a major ship repair hub.
A new Large Dry Dock of 310x 75/60 m size will be constructed within CSL’s premises in Kochi, which will provide the yard the capability to build large modern vessels like LNG vessels, large aircraft carriers etc in addition to undertaking repairs/ construction of jack up rigs, semi submersibles etc. Government approval has been accorded for both the projects.
CSL has won contracts for build 5 vessels in 2015-16. The contracts, worth about 1,675 Crores, are for two 1200 pax cum 1,000-t Cargo Vessels and two 500 pax cum 150-t Cargo Vessels for the A&N Administration and one Technology Demonstration Vessel for Defence Research & Development Organisation are worth about 1675 Crores.
In the year ended 31st March 2016, CSL has posted a record turnover of Rs.1995 crores (provisional), an increase of 7.3% over the previous year. The provisional PBT and PAT figures are Rs. 424 crores and Rs. 275 crores respectively representing year-on-year increase of 15.4% and 17%, respectively. fii-news.com
