About Cochin Shipyard Limited (CSL)

 

Cochin Shipyard Limited (CSL) is one of India’s leading shipyards, founded in 1972 and owned by the Government of India. It is a “Miniratna”, Schedule-“A”, Category-I CPSE, listed on NSE and BSE, with the Government of India holding 67.91% as on March 31, 2025. The company is primarily engaged in shipbuilding and ship repair for both domestic and international markets, with its registered office at Perumanoor, Kochi, Kerala . CSL built the country’s first Indigenous Aircraft Carrier and has consistently expanded capabilities in hybrid and electric-powered vessels as well as complex defence platforms.

 

Its footprint includes: the main Kochi shipyard with three dry docks and the International Ship Repair Facility (ISRF), both of which commenced operations after inauguration in January 2024; ship repair units at Mumbai Port, Syama Prasad Mookerjee Port (Kolkata) and at Marine Dockyard, Port Blair; and two wholly owned subsidiaries in Howrah and Udupi. CSL has exported vessels to ten countries, including Norway, Netherlands, Cyprus, USA, Germany, Bahamas, Saudi Arabia, UAE and Liberia . The company also runs the Marine Engineering Training Institute and a Strategic & Advanced Solutions vertical (C‑SAS) focusing on knowledge-led maritime opportunities.

 

CSL’s portfolio covers defence and commercial ships such as Aircraft Carriers, Next Generation Missile Vessels, Anti-Submarine Warfare Shallow Water Crafts, Offshore Patrol Vessels, dredgers, Ro-Pax vessels, electric passenger ferries, tugs and specialised offshore assets . As of the latest year, the company highlighted record performance metrics and strengthened capacity through the New Dry Dock and ISRF, reinforcing its ability to execute complex, high-value assignments. CSL has 2 subsidiaries (wholly owned).

 

Cochin Shipyard Limited’s Business Segments (FY25)

 

• Segment mix (share of turnover): Ship Building 58.82%; Ship Repair 41.18%.

 

• Domestic vs. international: Exports contributed 11.80% of turnover (implying the balance from domestic operations).

 

Cochin Shipyard Limited Key Management

 

• Shri Madhu Sankunny Nair, Chairman & Managing Director.

 

• Shri Jose V J, Director (Finance) & Chief Financial Officer.

 

• Shri Bejoy Bhasker, Director (Technical) (up to May 31, 2025).

 

• Shri Sreejith K Narayanan, Director (Operations) (up to May 31, 2025).

 

• Shri Rajesh Gopalakrishnan, Director (Technical) (w.e.f August 27, 2025).

 

• Dr. Harikrishnan S, Director (Operations) (w.e.f August 27, 2025.

 

• Shri Syamkamal N, Company Secretary & Compliance Officer.

Latest Updates on  Cochin Shipyard Limited (CSL)

 

Hybrid: CSL secured an order from a European client to design and build a Hybrid Service Operation Vessel; subsequent steel cutting and keel laying milestones were completed for Hybrid SOV/CSOV projects during the year.

 

Hydrogen: India’s first indigenous Hydrogen Fuel Cell Catamaran Vessel designed and developed by CSL sailed off to Varanasi on January 29, 2025.

 

Kochi: Deliveries continued for the Kochi Water Metro project; CSL also signed an agreement with Kochi Municipal Corporation for a Ro‑Ro vessel.

 

Udupi: Udupi‑CSL delivered a 70T Bollard Pull Tug to Polestar Maritime and won additional tug orders from Ocean Sparkle Limited; Hooghly‑CSL advanced multiple inland/coastal vessel projects.

 

Certification: CSL obtained ISO 27001:2022 certification for its Information Security Management System and won an industrial safety award from the State Government (Department of Factories and Boilers) in 2024.

 

Stake: The Government of India conducted an Offer for Sale in October 2024, reducing its stake in CSL to 67.91%.

 

Infrastructure: The New Dry Dock and ISRF at Kochi became operational, enhancing capacity to undertake complex projects and large-volume ship repairs.