Cochin Shipyard is the largest public sector shipyard in India in terms of dock capacity, according to CRISIL Report. The company caters to clients engaged in the defence sector in India and clients engaged in the commercial sector worldwide. In addition to shipbuilding and ship repair, it also offers marine engineering training. As of January 31, 2017, Cochin Shipyard has two docks – dock number one, primarily used for ship repair (“Ship Repair Dock”) and dock number two, primarily used for shipbuilding (“Shipbuilding Dock”). The Ship Repair Dock is one of the largest in India and enables it to accommodate vessels with a maximum capacity of 125,000 DWT (Dead Weight Tonnage). The Shipbuilding Dock can accommodate vessels with a maximum capacity of 110,000 DWT.
Cochin Shipyard is in the process of constructing a new dock, a ‘stepped’ dry dock (“Dry Dock”). This stepped dock will enable longer vessels to fill the length of the dock and wider, shorter vessels and rigs to be built or repaired at the wider part. The company is also in the process of setting up an International Ship Repair Facility (“ISRF”), which includes setting up a shiplift and transfer system.
In the last two decades, Cochin Shipyard has built and delivered vessels across broad classifications including bulk carriers, tankers, Platform Supply Vessels (“PSVs”), Anchor Handling Tug Supply vessels (“AHTSs”), barges, bollard pull tugs, passenger vessels and Fast Patrol Vessels (“FPVs”). The company is currently building India’s first Indigenous Aircraft Carrier (“IAC”) for the Indian Navy. It has also grown its ship repair operations and is the only commercial shipyard to have undertaken repair work of Indian Navy’s aircraft carriers, the INS Viraat and INS Vikramaditya.
Cochin Shipyard Limited IPO Stock Quote & Charts
- Open: 367.05
- High - Low: 367.95 - 361.50
- Previous Close: 366.35
- Total Traded Volume: 36189
- Updated On: 18-Jan-2019
Objects of the Cochin Shipyard Limited IPO:
1. Setting up of a new dry dock within the existing premises of the Company
2. Setting up of an international ship repair facility at Cochin Port Trust area
3. General corporate purposes.
Cochin Shipyard Limited IPO Details:
||Aug 01 2017
||Aug 03 2017
|| ₹ 10 Per Equity Share
||Book Built Issue IPO
|| ₹ 424-432 Per Equity Share
||Aug 11 2017
Discussion on Cochin Shipyard Limited IPO: