16.40 (1.06%) Cochin Shipyard (CSL) is set to invest about Rs 130-150 crore in order to revive two shipyards of Hooghly Dock and Port Engineers. The company has also shown interest in turning around dry docks of the Kolkata Port Trust (KoPT).
KoPT has five idle docks that are conducive to ship repair and the company is keen to revive them. CSL chairman is scheduled to meet the KoPT chief on November 28, and a discussion is likely to be held for developing at least two idle docks.
Cochin Shipyard (CSL) 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.