Cochin Shipyard

Cochin Shipyard Limited
Company typePublic
BSE: 540678
NSE: COCHINSHIP
IndustryShipbuilding
Founded29 April 1972 (1972-04-29)
Headquarters
Kochi, Kerala
,
India
Area served
India
Key people
Madhu S. Nair
(Chairman & MD)
Products
Services
Revenue ₹2,536.94 crore (US$300 million) (FY 2023)[1]
₹448.50 crore (US$53 million) (FY 2023)[1]
₹334.8 crore (US$40 million) (FY 2023)[1]
Total assets ₹9,909.04 crore (US$1.2 billion) (FY 2023)[1]
Total equity ₹4,423.41 crore (US$520 million) (FY 2023)[1]
OwnerGovernment of India
Number of employees
1,744 (March 2019)
Subsidiaries
Websitecochinshipyard.in

Cochin Shipyard Ltd (CSL) is the largest shipbuilding and maintenance facility in India.[2][3] Cochin Shipyard is one of the few companies in the world that have built an aircraft carrier and the only facility in India capable of building such warships.[4] It is part of a line of maritime-related facilities in the port-city of Kochi, in the state of Kerala, India.[5] The shipyard builds platform supply vessels and double-hulled oil tankers. It has built big vessels up to 1,20,000 deadweight tonnage (DWT) capacity, making it the leading shipyard in India in terms of capacity. The company has Miniratna status.[6]

History

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 ₹1,500 crore for further expansion through an initial public offering (IPO) towards the end of the fiscal year.[7] The Government finalised the decision of stake sale on 18 November 2015. 3.39 crore (33.9 million) shares were planned to be sold, out of which the government held 1,13,000 shares while the others were 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.[6]

Activities

The yard has facilities to build vessels up to 1,10,000 deadweight tonnage (DWT) and repair vessels up to 1,25,000 DWT.[8][9]

Shipbuilding

The first ship to roll out of the Cochin Shipyard was the MV Rani Padmini in 1981.[10]

The yard has delivered two of India's largest double-hull Aframax tankers, each of 95,000 DWT, including Maharshi Parashuram and Abul Kalam Azad to the Shipping Corporation of India.

CSL has secured shipbuilding orders from internationally renowned companies from Europe and West Asia. The shipyard is building six 30,000 DWT bulk carriers for Clipper Group of the Bahamas and the first three vessels have been launched.[11]Eight platform supply vessels for the Norwegian Seatankers Management Company, are also under construction..

CSL has also built the fleet of ferry boats used by the Kochi Water Metro, in association with Siemens India and Echandia.[12][13][14]

The shipyard commissioned 310 m (1,020 ft)-long dry dock, capable of accommodating six large vessels annually up to a length of 300 m (980 ft), in January 2024. The dry dock can handle Suezmax tankers, container ships and Capesize bulk carriers.[15]

On 27 December 2024, Adani Ports and SEZ, through its subsidiary, Ocean Sparkle Limited, ordered eight tug boats from CSL. The order is worth about ₹450 crores comprisng eight 70 T Bollard Pull Azimuthing Stern Drive Tugs delivered by Udupi Cochin Shipyard Limited. Deliveries will start in December 2026 and are expected to be completed by August 2028.[16]

As of 30 June 2025, CSL has an order book of ₹21,100 crore (US$2.5 billion) of which 66% is from the Indian Navy. The share is down from 88%.[17]

On 12 January 2026, the shipyard delivered the first of eight 7,000 DWT multi-purpose vessel, HS Heinz, to Germany-based shipping company HS Schiffahrts. The vessels are part of the HS EcoFreighter ice-class series and are worth ₹110 crore (US$13 million) each. The constructions began in March 2023 with the steel-cutting ceremony of the first vessel. The vessels, designed by Netherlands-based Groot Ship Design and following DNV classification rules, are meant to carry project and heavy cargo, steel coils, containers, timber, paper, dry bulk commodities such as coal and grain, as well as hazardous materials. The vessel has a single large cargo hold with six movable partitions for reconfiguration based on the cargo to be transported. It also features a tween deck arrangement.[17][18][19]

In February 2026, the shipyard has submitted a bid to a tender floated by the Shipping Corporation of India (SCI) for a firm order of 2 dual-fuel, Medium Range Product Tanker for $200 million along with an option for two further vessels.[20]

As of 24 February 2026, CSL is in an advanced negotiation with the HD Hyundai Group, which operates the HD Korea Shipbuilding to establish a 50-50 shipbuilding joint venture worth $500 million in Kochi. A CSL delegation will visit South Korea to finalise the discussions in February. An HD Hyundai delagation has already completed site inspection and evaluation in Kochi. The agreement is expected in the second half of 2026 with an initial investment of above ₹45,000 crore (US$5.3 billion) to construct a ship block fabrication facility on an 80 acres (320,000 m2) leased to CSL by Cochin Port Trust with an annual output of 120,000 metric tonnes. The venture will combine the design expertise, advanced production systems and global order access of HD Hyundai with the infrastructure of CSL. The venture will produce cargo ships, container vessels, tankers, dry bulk carriers, mdeium range (MR) tankers, Panamax vessels and multipurpose ships. The initial blueprints, however, excludes Very Large Crude Carriers (VLCCs) due to infrastructure limitations which can be added later with capacity expansion.[15] The shipyards had signed a memorandum of understanding (MoU) on 23 September 2025 for a long-term strategic collaboration in shipbuilding.[21]

INS Vikrant

Main article: INS Vikrant (2013)

Cochin Shipyard built India's first indigenous aircraft carrier-INS Vikrant (formerly, the Project 71 "Air Defence Ship"). The carrier is the largest warship built by CSL. In February 2020, all major structural and outfitting work was declared complete.[22] Sea trials finally began on 4 August.[23] Five day long sea trials were successfully completed on 8 August 2021.[24] The ship was commissioned on 2 September 2022.[25]

INS Anvesh

Main article: INS Anvesh (A41)

CSL, in collaboration with DRDO built INS Anvesh, a missile range instrumentation ship to be used as a Floating Test Range for India's ballistic missile defence program.[26][27] Its construction was awarded to CSL in 2015 and was laid down by 2016. It was commissioned into Naval service on 11 March 2022.[28]

Mahe-class corvette

Main article: Anti-Submarine Warfare Shallow Water Craft

CSL and GRSE are building the ships of the ASW-SWC class for the Indian Navy. The ships built at Kochi by CSL are called Mahe class and those built by GRSE are called Arnala Class.On 30 April 2019, the MoD and CSL signed the contract, valued at ₹6,311 crore for the construction of eight ships within a deadline of 84 months[29][30] On 1 December 2020, CSL initiated the project's construction, with the steel-cutting of the first ASW-SWC vessel, the INS Mahe.[31]

Aadesh-class Fast Patrol Vessel

CSL has built 20 FPVs for the Indian Coast Guard.The ships have been designed by M/s Smart Engineering & Design Solutions (SEDS) in Kochi.[32][33]

Next Generation Missile Vessels

On 30 March 2023, The ministry of defence authorised acquisition of six NGMV from CSL at a cost of ₹9,805 crore (US$1.2 billion).On 16 December 2024, the steel cutting ceremony for the first ship of NGMV held at the Cochin Shipyard.The delivery of ships is scheduled to commence from March 2027[34]

Ship repair

The shipyard started offering 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.

CSL was awarded major maintenance and upgrade orders from ONGC. This included major overhaul of three rigs, the mobile offshore drilling unit (MODU) Sagar Vijay, mobile offshore drilling unit Sagar Bhushan and jackup rig Sagar Kiran in 2005-06.[35]

It performed major overhauls for the aircraft carrier INS Vikramaditya in 2016 and 2024.[36][37]

On 5 April 2024, CSL became the third Indian shipyard after Kattupalli Shipyard of Larsen & Toubro and Mazagon Dock Shipbuilders to sign a Master Ship Repair Agreement (MSRA) with the United States Navy for repair of its Military Sealift Command Fleet Support Ships.[38][39][40] The ships operated by MSC are non-commissioned US Navy "support vessels" with civilian crews bearing the prefix "USNS". Under the agreement, the US Naval ships of the Central Command that are in voyage are to be repaired in India.[41][42]

Others

The shipyard also trains graduate engineers in marine engineering.[43] Around one hundred students are trained each year.

See also

References

  1. ^ a b c d e "Financial Report 2022-23" (PDF). Retrieved 19 May 2023.
  2. ^ "Annual Report 2015–16" (PDF). Ministry of Shipping, Govt of India. Retrieved 4 September 2022.
  3. ^ "Transportation Equipment" (PDF). Department of Public Enterprises, Ministry of Finance. Retrieved 4 September 2022.
  4. ^ Anandan, S. (30 August 2022). "Cochin Shipyard can build follow-on carrier in about 8 years, says CMD". The Hindu. ISSN 0971-751X. Retrieved 2 October 2025.
  5. ^ "List of ship building centres in India". Shipping Ministry of India. Retrieved 18 July 2008.{{cite web}}: CS1 maint: deprecated archival service (link)
  6. ^ a b Mudgill, Amit (12 August 2017). "Cochin Shipyard rallies over 20% on D-Street debut". The Economic Times. Retrieved 13 June 2018.
  7. ^ "Cochin Shipyard Limited firms up plans to go for IPO by year-end". The Times of India. Archived from the original on 23 October 2012. Retrieved 23 August 2012.
  8. ^ "Welcome to Cochin Shipyard : ISO 9001 Certified - the biggest greenfield Shipyard of the Millenium".
  9. ^ "Welcome to Cochin Shipyard : ISO 9001 Certified - the biggest greenfield Shipyard of the Millenium".
  10. ^ Priyadershini S. (7 March 2012). "Soft hands handling hard steel". The Hindu. Chennai, India. Archived from the original on 10 March 2012. Retrieved 15 August 2013.
  11. ^ "Business : CSL launches three new vessels". The Hindu. Chennai, India. 1 March 2006. Archived from the original on 23 October 2012. Retrieved 15 August 2013.
  12. ^ "Marine Battery Solutions by Vessel Type - Echandia". www.echandia.com. Retrieved 17 February 2026.
  13. ^ "Cochin Shipyard handovers India's first Water Metro ferry to Kochi Metro". Urban Transport News. Retrieved 17 February 2026.
  14. ^ "Water Metro boats win Gussies award". The Times of India. 18 November 2022. ISSN 0971-8257. Retrieved 17 February 2026.
  15. ^ a b "$500-million boost for India shipbuilding as Cochin Shipyard, HD Hyundai Group advance JV talks: Report". Moneycontrol. 24 February 2026. Retrieved 24 February 2026.
  16. ^ https://www.livemint.com/companies/news/cochin-shipyard-bags-adani-ports-tug-boat-order-deal-value-estimated-at-rs-450-crore-11735382563877.html
  17. ^ a b Mishra, Twesh (15 January 2026). "Cochin Shipyard delivers first multi-purpose vessel to Germany's HS Schiffahrts". The Economic Times. ISSN 0013-0389. Retrieved 19 January 2026.
  18. ^ "India's Cochin Shipyard Delivers Advanced Multi-Purpose Vessel To German Shipping Firm". Marine Insight. 16 January 2026. Retrieved 19 January 2026.
  19. ^ "Cochin Shipyard delivers multi-purpose cargo vessel MS Heinz to German shipowner". The Week. Retrieved 19 January 2026.
  20. ^ "Cochin Shipyard, SDHI, L&T and GRSE-HSL team file bids to build M R tankers for oil PSUs". ETInfra.com. 23 February 2026. Retrieved 24 February 2026.
  21. ^ "Cochin Shipyard moves Towards Atmanirbhar Bharat ; Signs MoU with HD Korea for Long-Term Shipbuilding Collaboration" (Press release). Press Information Bureau. 23 September 2025. Retrieved 24 February 2026.
  22. ^ Gurung, Shaurya Karanbir (10 February 2020). "Structural and outfitting work of India's first indigenous aircraft carrier complete". The Economic Times. Retrieved 12 February 2020.
  23. ^ "India's first indigenous aircraft carrier, to be named INS Vikrant, finally begins sea trials". Times of India. Retrieved 4 August 2021.
  24. ^ "Vikrant successfully completes 5-day maiden sea voyage".
  25. ^ "INS Vikrant, 1st India-Made Aircraft Carrier, Commissioned By PM". NDTV.com. Archived from the original on 4 September 2022. Retrieved 2 September 2022.
  26. ^ "Cochin Shipyard to build secret vessel for DRDO". The Hindu. 20 November 2015. ISSN 0971-751X. Retrieved 9 July 2025.
  27. ^ "Sea trials for floating missile test range INS Anvesh begin this month". Hindustan Times. 7 September 2021. Archived from the original on 17 March 2025. Retrieved 9 July 2025.
  28. ^ Menon, Adithya Krishna (25 April 2023). "India Conducts First Test of New Ship-Based BMD System". Naval News. Retrieved 9 July 2025.
  29. ^ Bureau, Defence Watch (29 April 2019). "GRSE Signs Contract for 08 Anti-Submarine Warfare Shallow Watercraft". PSU Watch. Retrieved 7 June 2025. {{cite web}}: |last= has generic name (help)
  30. ^ "Cochin Shipyard gets Rs 6,311 crore contract for anti submarine warfare ships - BusinessToday". Business Today. 30 April 2019. Retrieved 7 June 2025.
  31. ^ "Indian ASW corvette programme cuts first steel | Shephard". www.shephardmedia.com. Retrieved 7 June 2025.
  32. ^ "First fast patrol vessel for Coast Guard delivered". Zee News. Retrieved 7 June 2025.
  33. ^ "CSL launches Fast patrol vessel | IRCLASS | Indian Register of Shipping". www.irclass.org. Archived from the original on 11 June 2015. Retrieved 7 June 2025.
  34. ^ "STEEL CUTTING OF FIRST NEXT GENERATION MISSILE VESSEL (NGMV) FOR INDIAN NAVY AT COCHIN SHIPYARD LIMITED, KOCHI". pib.gov.in. Archived from the original on 14 April 2025. Retrieved 9 July 2025.
  35. ^ "Welcome to Cochin Shipyard : ISO 9001 Certified - The biggest greenfield Shipyard of the Millenium". cochinshipyard.in. Retrieved 20 August 2025.
  36. ^ "CSL completes refit of Indian Navy's aircraft-carrier INS Vikramaditya". NavalTechnology.com. 14 November 2016. Archived from the original on 16 November 2016. Retrieved 15 November 2016.
  37. ^ "MoD inks contract worth ₹1207 Cr with Cochin Shipyard Limited for Short Refit and Dry Docking of INS Vikramaditya". Press Information Bureau. 30 November 2024. Retrieved 30 November 2024.
  38. ^ Peri, Dinakar (8 April 2024). "Cochin Shipyard signs ship repair agreement with U.S. Navy". The Hindu. ISSN 0971-751X. Retrieved 27 September 2024.
  39. ^ "Third Indian Shipyard Wins U.S. Navy Approval for Ship Repairs". The Maritime Executive. Retrieved 27 September 2024.
  40. ^ "Cochin Shipyard signs master ship repair agreement with US Navy". ddnews.gov.in. Retrieved 27 September 2024.
  41. ^ "ASSESSING INDIA-US "MASTER SHIP REPAIR AGREEMENTS" (MSRAs)". maritimeindia.org. Retrieved 27 September 2024.
  42. ^ "Mazagon Dock Shipbuilders inks pact with US Navy to service its fleet - CNBC TV18". CNBCTV18. 7 September 2023. Retrieved 27 September 2024.
  43. ^ "Cochin Shipyard – Marine Engineering Training Website". Archived from the original on 17 January 2008. Retrieved 17 January 2008.
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