Cochin Shipyard’s order book nearly full at Rs21,100cr

CSL hopes Defence Department will award it contract to build the country’s second aircraft carrier

KOCHI: Cochin Shipyard’s order book is nearly full with the public sector shipmaker and its subsidiaries collectively securing shipbuilding and repairing contracts worth Rs23,100 crore.

Additionally, the public sector shipyard has been in negotiations with a European country for the supply of an anti-submarine shallow watercraft. If materialised, the contract would increase the total value of the company’s orders to Rs33,000 crore, said a top official at Cochin Shipyard Ltd (CSL).

The country’s largest shipbuilder hopes that the Defence Department will award it the contract to build the country’s second aircraft carrier. The mega project is estimated to cost Rs40,000 crore – Rs50,000 crore.

The first indigenous aircraft carrier,Vikrant, was successfully built by CSL and handed over to the Indian Navy.

The major portions of the orders comes from Defence Department. which has placed orders worth Rs15,000 crore with Cochin Shipyard.

Under the contract, CSL is now constructing 8 anti-submarine warfare shallow watercraft and 6 next- generation missile vessels for the Indian Navy.

In 2019, CSL expanded beyond Kerala by acquiring the public sector Hooghly Ports and Port Engineering in Bengal, renaming it Hooghly Cochin Shipyard. The unit now holds orders worth Rs154 crore.  

In 2020, Cochin Shipyard acquired Tebma Engineering Private Ltd in Udupi, Karnataka in 2020, now known as Udupi Cochin Shipyard. The unit recently secured an order worth Rs1,100 crore from a Norwegian company for shipbuildng. With this order,  the unit has currently holds orders worth Rs2,000 crore.