Cochin Shipyard Ltd (CSL) under the Ministry of Shipping was listed in Bombay Stock Exchange and National Stock Exchange recently. The company has raised Rs 1,442 crore from the IPO. The proceeds of the fresh issue part of the IPO, totalling approximately Rs 961 crore will be used by CSL for part funding two expansion projects costing Rs 2,800 crore. The projects are a dry dock at the Cochin Shipyard premises to accommodate bigger ships for building and repair and a ship repair facility in the adjacent Cochin Port Trust premises by setting up of a ship lift and transfer system.

Cochin Shipyard was incorporated in 1972 as the first green field shipyard of India. As on date, CSL is the largest public sector shipyard in India in terms of dock capacity. CSL caters to clients engaged in the Defence sector in India and in the commercial sector worldwide for shipbuilding and ship repair. In addition to shipbuilding and ship repair, CSL also offers marine engineering training.