The government’s Offer for Sale (OFS) to reduce its stake in Cochin Shipyard concluded on Wednesday, resulting in a 3.04% drop in shares, settling at Rs 1,404.30. The OFS allowed divestment of up to 5.04%, driven by strong institutional interest, leading to a full subscription in the non-retail segment.
The floor price for Cochin Shipyard’s Offer for Sale (OFS) is set at INR 1,400, over seven percent lower than the previous closing price. This initiative aligns with the Indian government’s goal to raise INR 800 billion through divestment and asset monetisation, enhancing market participation for investors.
Cochin Shipyard Limited (CSL) has teamed up with HBL Engineering Limited to form a Joint Venture focused on electric mobility and energy storage in the maritime sector. This collaboration aims to develop advanced marine batteries, electric motors, and charging infrastructure, supporting the global transition to sustainable maritime solutions.
Cochin Shipyard Limited (CSL) received the ‘Outstanding PSU of the Year’ award at the AIMA event in New Delhi, recognized for its exemplary performance in India’s maritime sector. Union Minister Dharmendra Pradhan presented the award, accepted by Dr. Harikrishnan S. This accolade follows CSL’s significant MoU with CMA CGM for LNG vessels.
Cochin Shipyard Limited has emerged as the lowest bidder for a ₹5,000 crore contract to construct five Next Generation Survey Vessels for the Indian Navy. This status was confirmed in a Ministry of Defence meeting in New Delhi, with contract finalization pending necessary formalities. The shipyard insists there are no related party transactions involved.
India aims to boost its shipbuilding capacity, targeting a spot among the top five shipbuilding nations by 2047. Cochin Shipyard Limited (CSL) is poised to benefit from substantial investments and policy reforms. Director General of Shipping, Shyam Jagannathan, stressed the need to reduce dependence on foreign fleets amid shifting geopolitical dynamics.
Polestar Maritime Limited has ordered two 60-ton Bollard Pull Battery-Electric Green Tugs from Cochin Shipyard Limited. Designed for Jawaharlal Nehru Port, these tugs support India’s Green Tug Transition Programme, enhancing sustainability. Featuring battery-electric propulsion, they ensure zero emissions during harbor operations, aligning with the “Make in India” initiative.
Cochin Shipyard Limited (CSL) has secured a contract from Polestar Maritime Limited to build two battery-electric harbour tugs for the Jawaharlal Nehru Port Authority. These tugs, each with a 60-tonne bollard pull, will support the Centre’s Green Tug Transition Programme, promoting greener maritime operations and zero emissions during port activities.
Cochin Shipyard Limited (CSL) recently delivered the MS Heinz, a versatile vessel, to HS Schiffahrts UG & Co KG in Germany on January 12. This marks the first delivery in the HS EcoFreighter series. The vessel, designed for diverse cargo types and built at CSL’s Kochi facility, underscores CSL’s commitment to global shipbuilding.
Syama Prasad Mookerjee Port in Kolkata has officially ended its joint venture with Cochin Shipyard Ltd. Despite this separation, both organizations remain dedicated to advancing India’s ship repair industry. SMPK plans to enhance its independent capabilities while expressing openness to future collaborations, reflecting a significant change in the sector’s dynamics.
Svitzer has signed a shipbuilding agreement with Cochin Shipyard to construct four battery-electric TRAnsverse 2600e tugs, marking the first of this design in India. The collaboration supports Svitzer’s global fleet renewal and aligns with India’s Maritime India Vision 2030, emphasizing green transitions in port operations. Deliveries are expected by 2027-2028.
Drydocks World and Cochin Shipyard Limited have signed a Heads of Terms Agreement to establish India’s first ship repair cluster at the International Ship Repair Facility in Cochin, Kerala. This collaboration aims to enhance India’s maritime infrastructure, positioning Cochin as a premier destination for ship repairs and global maritime services.
Madhu Nair, Chairman and Managing Director of Cochin Shipyard, announced an order book of approximately ₹20,000 crore, with significant contributions from the merchant vessel sector. He highlighted recent infrastructure investments, including a new dry dock. Looking ahead, Cochin Shipyard aims to strengthen its presence along India’s coasts through strategic partnerships.
Neiox Eco Cycle has secured a ₹75 lakh prototyping grant from Cochin Shipyard Ltd under the USHUS Maritime Innovation Scheme. This funding, awarded at IIM-Kozhikode, will support the development of a sustainable, non-toxic marine hull coating that enhances fuel efficiency and protects marine ecosystems, showcasing Kerala’s commitment to sustainable innovation.
The Dredging Corporation of India (DCI) has announced a Rs 2,000 crore investment to acquire two Trailer Suction Hopper Dredgers from Cochin Shipyard Limited. This comes with the inauguration of the ‘DCI Dredge Godavari,’ India’s largest TSHD, enhancing capabilities in port deepening and land reclamation, aiming for over 100 million cubic meters in operations.
