Cochin Shipyard Ltd (CSL) is a shipbuilding facility in

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

. It is part of a line of maritime-related facilities in the port-city of

Kochi Kochi (), also known as Cochin ( ) ( the official name until 1996) is a major port city on the Malabar Coast of India bordering the Laccadive Sea, which is a part of the Arabian Sea. It is part of the district of Ernakulam in the state of K ...

, in the

state of Kerala State may refer to: Arts, entertainment, and media Literature * ''State Magazine'', a monthly magazine published by the U.S. Department of State * ''The State'' (newspaper), a daily newspaper in Columbia, South Carolina, United States * ''Our S ...

, India. Of the services provided by the shipyard are building platform supply vessels and double-hulled oil tankers. It built the first indigenous aircraft carriers for the

Indian Navy The Indian Navy is the maritime branch of the Indian Armed Forces. The President of India is the Supreme Commander of the Indian Navy. The Chief of Naval Staff, a four-star admiral, commands the navy. As a blue-water navy, it operates si ...

, the . The company has Miniratna status.

History

Cochin Shipyard was incorporated in 1972 as a

Government of India The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, ...

company, with the first phase of facilities coming online in 1982. In August 2012, the

announced plans of divestment to raise capital of Rs. 15 billion for further expansion through an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

(IPO) towards the end of the fiscal year. 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 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 BSE may refer to: Medicine * Bovine spongiform encephalopathy, also known as mad cow disease, a neurodegenerative disease of cattle * Breast self-examination Stock exchanges * Bahrain Stock Exchange, Bahrain * Baku Stock Exchange, Azerbaijan * B ...

and NSE.

Activities

The yard has facilities to build vessels up to 1.1 lakh tons and repair vessels up to 1.25 lakh tons.

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 An Aframax vessel is an oil tanker with a deadweight between 80,000 and 120,000 metric tonnes. The term is based on the Average Freight Rate Assessment (AFRA), a tanker rate system created in 1954 by Shell Oil to standardize shipping contract t ...

tankers each of . CSL has secured shipbuilding orders from internationally renowned companies from Europe and the Middle East. The shipyard is building six bulk carriers for

Clipper Group Clipper Group is an international shipping company, founded in 1991 by Torben Gülnar Jensen, after a split of Armada Shipping A/S, which was founded in 1972 together with Jørgen Dannesboe. Primary focus is on bulk, especially within the handys ...

of the

Bahamas The Bahamas (), officially the Commonwealth of The Bahamas, is an island country within the Lucayan Archipelago of the West Indies in the North Atlantic. It takes up 97% of the Lucayan Archipelago's land area and is home to 88% of the ar ...

and the first three vessels have been launched. Eight

platform supply vessel A platform supply vessel (PSV) is a ship specially designed to supply offshore oil and gas platforms. These ships range from in length and accomplish a variety of tasks. The primary function for most of these vessels is logistic support and tr ...

s for the Norwegian Seatankers Management Company, are also under construction.

INS Vikrant

Cochin Shipyard built India's first indigenous aircraft carrier. (formerly, the Project 71 "Air Defence Ship") is the first aircraft carrier of the Indian Navy to be designed and built in India. The carrier will be the largest warship built by CSL. In February 2020, all major structural and outfitting work was declared complete. On 4 August, sea trials finally began. Five day long sea trials were successfully completed on 8 August 2021. On 2 September 2022, The ship was commissioned.

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 Hydrocarbon exploration (or oil and gas exploration) is the search by petroleum geologists and geophysicists for deposits of hydrocarbons, particularly petroleum and natural gas, in the Earth using petroleum geology. Exploration methods Vis ...

industry as well as scheduled maintenance and life extension for ships of the

Indian Coast Guard The Indian Coast Guard (ICG) is a maritime law enforcement and search and rescue agency of India with jurisdiction over its territorial waters including its contiguous zone and exclusive economic zone. The Indian Coast Guard was formally es ...

, the Union territory of

Lakshadweep Lakshadweep (), also known as Laccadives (), is a union territory of India. It is an archipelago of 36 islands in the Arabian sea, located off the Malabar Coast. The name ''Lakshadweep'' means "one lakh islands" in Sanskrit, though the Lac ...

, Fisheries and Cochin Port Trust, SCI and the

Oil and Natural Gas Corporation The Oil and Natural Gas Corporation (ONGC) is a central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It is headquartered in New Delhi. ONGC was founded on 14 August 1956 by the ...

(ONGC). It has performed major overhauls for the aircraft carrier, INS ''Viraat''. It has also performed major overhauls for the aircraft carrier INS Vikramaditya two times on 2016 and 2018 respectively. 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''.

Others

The shipyard also trains graduate engineers in

marine engineering Marine engineering is the engineering of boats, ships, submarines, and any other marine vessel. Here it is also taken to include the engineering of other ocean systems and structures – referred to in certain academic and professional circl ...

. Around one hundred students are trained each year.

References

External links

* {{authority control Shipbuilding companies of India Shipyards of India Companies based in Kochi Ports and harbours of Kerala Government-owned companies of India Transport in Kochi 1972 establishments in Kerala Vehicle manufacturing companies established in 1972 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange