March 29, 2017 1:24 PM ET

Machinery

Company Overview of Cochin Shipyard Ltd.

Company Overview

Cochin Shipyard Ltd. operates a shipbuilding yard in India. The company builds a portfolio of tankers, product carriers, bulk-carriers, passenger vessels, high bollard pull tugs, and air defense ships. It also handles major upgradations for mobile offshore drilling units of ONGC; maintains and repairs aircraft carriers of the Indian Navy; and repairs and maintains tankers and bulk carriers. In addition, the company provides marine engineering graduate courses through its marine engineering training institute. The company was founded in 1969 and is based in Cochin, India.

39/6080 Administrative Building

Perumanoor

Cochin,  682015

India

Founded in 1969

Phone:

91 48 4250 1200

Fax:

91 48 4237 0897

Key Executives for Cochin Shipyard Ltd.

Chairman and Managing Director
Director of Finance and Director
Head of CSR and General Manager of Industrial Relations & Administration
Chief Welfare Officer and Deputy General Manager of Personnel
Chief General Manager of Tech & HSE
Compensation as of Fiscal Year 2016.

Cochin Shipyard Ltd. Key Developments

Cochin Shipyard Enters Talks To Buy ABG, Shapoorji Backs Out

COCHIN Shipyard Ltd. has started preliminary discussions to buy a controlling stake in ABG Shipyard Limited (BSE:532682), two people close to the development said. Shapoorji Pallonji & Company Limited, another contender, has decided to back out of the discussions, according to one of the two people. Both persons declined to be identified. Emails sent to Dhananjay L. Datar, Executive Director at ABG Shipyard, and Madhu S. Nair, Chairman and Managing Director at Cochin Shipyard, were unanswered at the time of going to press.

Three PSUs To File Prospectus

Three public sector undertakings (PSUs) are filling prospectus with SEBI. Cochin Shipyard Ltd., Housing and Urban Development Corporation and Hindustan Aeronautics Limited are likely to file draft red herring prospectus within a week with SEBI for their initial public offering (IPOs). Through the IPOs the government aims to raise about INR 38 billion, an official said. The Centre could raise about INR 3.5 billion via 10% stake sale in Cochin Shipyard in the March quarter of financial year 2017. The Centre plans to sell 10% in Housing and Urban Development to raise approximately INR15 billion. The planned 10% government stake sale via IPO of Hindustan Aeronautics to raise nearly INR 20 billion might spill over to early financial year 2018.

COCHIN Shipyard Reportedly Mulls IPO

COCHIN Shipyard Ltd. is looking to file documents for its initial public offering (IPO) with the markets regulator by the end of this month, according to two people aware of the development. COCHIN Shipyard plans to raise about INR 6 billion from the share sale as part of its effort to expand and construct larger vessels and also undertake ship repair and fabrication. In addition, the government will sell 10% of its stake through the IPO. Cochin Shipyard has hired a consortium of investment banks including SBI Capital Markets, JM Financial Institutional Securities Ltd and Edelweiss Financial Services Ltd. Proceeds from the sale of new shares will be used to partially finance the setting up of an international ship-repair facility at the nearby Cochin Port Trust, as well as a new dry dock to facilitate the construction of larger ships and underwater repairs of rigs and semi-submersibles.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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