Cochin Shipyard Share Price

Construction, upgrades, periodic lay-up repairs, and extending the useful life of ships are the major activities of Cochin Shipyard Ltd (CSL), a ship repair and refit facility. The firm is responsible for constructing and maintaining some of India's biggest ships. Successfully adapting to shifts in demand, CSL has shifted its focus from bulk carriers to more specialized boats like the Platform Supply Vessel (PSV) and the Anchor Handling Tug Supply Vessel (AHTSV) throughout the years (AHTS).

Rolls Royce Marine (Norway), GTT (France), Vard Group (Norway), etc., are only a few of the prestigious technological companies with which CSL has collaborated. The Indian Navy, the Indian Coast Guard, and the Shipping Corporation of India Limited are three of CSL's most important domestic customers.

Upgrades to ships used in the oil exploration business, routine maintenance repairs, and ship life extensions are just some of the ship repair projects CSL has taken on. The Ministry of Shipping oversees Cochin Shipyard Limited (CSL), a Miniratna PSU under Schedule B. 75% of the company's equity share capital is owned by the Government of India as of September 30, 2018.

On March 29, 1972, the Government of India established Cochin Shipyard Ltd as a wholly owned subsidiary. The company's hull shop had its cornerstone put in April of 1972. In 1978, the firm first launched its shipbuilding division. In 1981, the MV Rani Padmini was the company's first vessel. The first ship, the MV Rani Padmini, was handed out to the client in July 1981. Company ship repair services date back to 1981. In 1982, they finally finished the first construction of the yard's infrastructure.

Mitsubishi Heavy Industries (M.H.I) of Japan provided technical assistance throughout the planning and construction of this yard. The company's first tanker, the "007 Motilal Nehru," was handed to the navy in October 1990. In 1993, the business began offering Marine Engineering Courses, and by 1999, they were offering Offshore Upgrades.

The business was awarded a Rs 77 million contract in 2001 to replace deck cranes on ONGC's SE and SJ platforms in the Bombay High area. The LB II Barge was the first export contract the company fulfilled, going to National Petroleum Construction Company Abu Dhabi in February 2003. The first batch of export orders was signed by the company in January 2004 for the construction of six bulk carriers for M/s Clipper Group Bahamas.

Aside from launching the first Platform Supply Vessel for Deep Sea Supply ASA Norway and the second Bulk Carrier for Clipper Bahamas, the company also delivered three firefighting tugs to ATCO Saudi Arabia in 2005–06. They also finalized contracts for four other Rolls-Royce UT 755-L type platform supply vessels for the Norwegian company Deep Sea Supply ASA. Six vessels were supplied in 2006–07: one Platform Supply Vessel to Deep Sea Supply Norway, three Bulk Carriers to Clipper Group Denmark, and three Firefighting Tugs to ATCO Saudi Arabia. The Transocean Offshore Drilling Inc. Houston Trident II oil rig also received maintenance.

Sagar Bhushan Jack up Rig, Sagar Kiran Jack up Rig, trident-2 for Transocean USA, Dredger Sagar Hansa for Van Oord ACZ Shipping Management Denmark, and Dredge Aquarius for Dredging Corporation of India were all repaired extensively by the company in 2007–08.

The firm was recognized for its development and attempted to become a worldwide shipyard in July 2008 when it was granted category I Miniratna status. In 2008-2009, the firm performed extensive maintenance on the ONGC JUR Sagar Kiran Sagar Bhushan and the Indian Navy vessel INS Viraat. Do you want to know about the Cochin Shipyard Shares? Click Here to know about today’s Cochin Shipyard Share Price.