Cochin Shipyard Ltd.

BSE: 540678 | NSE: COCHINSHIP
Mid Cap | Ship Building
1558.00
13.40 (0.87%)
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Cochin Shipyard signs MoU with United Shipbuilding Corporation

Date: 02-02-2018

Cochin Shipyard (CSL) has signed a Memorandum of Understanding (MoU) with Joint Stock Company United Shipbuilding Corporation (USC), Russia to collaborate and engage in Design, Development and Execution of High-End, State-of-Art vessels for Inland and Coastal Waterways.

The signing of this MoU between CSL and USC is seen as an important step that will open the way to the wider participation of these organizations in the large-scale programme of the Government of India to boost transportation & trade along India's Inland waterways under Sagarmala & Make-in-India programmes.

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.