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April 26, 2015 7:32 AM ET

Machinery

Company Overview of COCHIN Shipyard Ltd.

Company Overview

COCHIN Shipyard, Ltd. operates as a shipbuilding and repair yard. It provides ship building of tankers, product carriers, bulk carriers, passenger vessels, high bollard pull tugs, and air defense ships; anchor handling tug supply vessels and platform supply vessels; and ship repair services, which include upgradation of mobile offshore drilling units and life extension of ships, as well as maintenance and repairs to the aircraft carriers, tankers, and bulk carriers. The company also engages in offshore projects and marine engineering training. COCHIN Shipyard, Ltd. was founded in 1969 and is based in Cochin, India.

39/6080 Administrative Building

Perumanoor

Cochin,  682015

India

Founded in 1969

Phone:

91 48 4236 1181

Fax:

91 48 4237 0897

Key Executives for COCHIN Shipyard Ltd.

Chairman and Managing Director
Director of Finance and Director
Director of Operations, Director and Member of Contracts & CAPEX Committee
Head of CSR and General Manager of Industrial Relations & Administration
Chief Welfare Officer and Deputy General Manager
Compensation as of Fiscal Year 2014.

COCHIN Shipyard Ltd. Key Developments

Cochin Shipyard Launches the Fourteenth and Delivers the Eleventh Fast Patrol Vessel

Cochin Shipyard launched the fourteenth of the 20 Fast Patrol Vessels (BY 514) being built for Indian Coast Guard. The vessel was named ‘ICGS APOORVA’ and launched by Smt. Vijaya Goyal, wife of IG S.K. Goyal, PTM, TM, Deputy Director General (Materiel & Maintenance) in a simple ceremony at Cochin Shipyard. Capt R S Sundar, Director (Operations), CSL, DIG Vivek Vajpayee, PD (Mat), DIG T.P. Sadanandan, CGRPS (KOC) and other senior officials of CSL and ICG were present on the occasion. CSL also delivered the eleventh fast patrol vessel ‘ICGS ANAGH’ to the Indian Coast Guard later on the same day. With this, CSL accomplished a rare feat of achieving three ship building milestones viz, keel laying, launching and delivery of three different ships of a project, on the same day. Incidentally the steel cutting of the 20th Ship BY 520 was on 24th Feb. 2015. The project is now is now progressing at a very fast pace. 11 vessels have been delivered in 17 months. The 20 Fast Patrol Vessels are expected to be delivered significantly ahead of the scheduled delivery date.

Government Seeks To Sell 10% Stake In COCHIN Shipyard

The Union government has begun the groundwork for a public offer for its COCHIN Shipyard Ltd. The plan is for a sale of 33.9 million shares, a third of this being the government. A draft note for the Cabinet, circulated by the ministry of shipping, says CSL would be issuing around 22.6 million new shares, of INR 10 each, to raise double the amount compared to the government.

COCHIN Shipyard Ltd. Announces Unaudited Standalone Earnings Results for the Six Months Ended September 30, 2014

COCHIN Shipyard Ltd. announced unaudited standalone earnings results for the six months ended September 30, 2014. For the six months, net sales/income from operations (net of excise duty) was INR 8,574.217 million against INR 8,698.035 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 1,668.002 million against INR 1,623.919 million a year ago. Profit from ordinary activities before tax was INR 1,865.213 million against INR 1,900.495 million a year ago. Net profit for the period was INR 1,230.813 million against INR 1,259.845 million a year ago. Earnings per share were INR 10.87 against INR 11.12 a year ago.

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