Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
India’s share in
the $25-30 billion global ship repair market is currently about one per cent. Setting up of
ship repair clusters is in line with the Centre’s initiatives under Maritime
Indi Vision 2030. CSL, according to Nair, holds about 50 per cent
market share in the Indian repair industry.
He said that by
May, CSL will commence operations at the new dry dock inaugurated by Prime
Minister Narendra Modi in Kochi recently. “We intend to
commence the assembly phase of the construction of a new dredger contracted for
the Dredging Corporation of India at a cost of ?920 crore in the dry dock,” he
added.
On the financial front, he
said the yard achieved 62 per cent growth in turnover in Q3 at ?1,021 crore
vis-à-vis the corresponding quarter of the previous fiscal. The PAT registered
110 per cent rise at ?248 crore. He attributed the achievement to the
completion of naval and other ship building projects. “If everything goes well,
we expect to have the highest turnover the yard has ever achieved both from
shipbuilding and ship repairs,” he said.
Among the subsidiaries, Udupi CSL secured contracts for tugs and European
short sea vessels; and Hoogly CSL for electric inland vessels. The three ship
repair units at Mumbai, Kolkata and Port Blair have contributed ?200 crore to
the turnover, he added.
Cochin Shipyard developing facilities; in
global ship repair market, India’s share
one percent; operations at new dry dock to begin soon; CSL subsidiaries
secure contracts, individually
