Cochin Shipyard Ltd.

BSE: 540678 | NSE: COCHINSHIP
Mid Cap | Ship Building
1557.35
12.75 (0.83%)
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Cochin Shipyard to enter inland vessel building segment: Report

Date: 27-07-2017

State-owned Cochin Shipyard is reportedly planning to enter the inland vessel building segment on the back of strong growth potential in the next three years. The company will build small barges, passenger ferry, river-sea vessels and river cruise among other inland vessels.

The shipbuilder has already received in-principal nod to form a joint venture with Hooghly Dock & Port Engineers (HDPE), part of the Ministry of Shipping as the latter already has expertise in the segment.

Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India. The company caters to clients engaged in India’s defence segment and global commercial shipping sector.