Cochin Shipyard Ltd.

BSE: 540678 | NSE: COCHINSHIP
Mid Cap | Ship Building
1555.45
10.85 (0.70%)
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Cochin Shipyard inks MoU with Andaman & Nicobar Administration

Date: 28-09-2018

Cochin Shipyard and the Andaman & Nicobar Administration have entered into a Memorandum Of Understanding (MoU) whereby the company shall take up the operation & maintenance of the Marine Dry-Dock’ at Port Blair. Under the ambit of this MoU, the company shall assist the Administration in setting up of Ship repair Eco-system at A&N islands, Augmentation & Modernization of Marine Dockyard and Skill Development & Training schemes for A&N Islands.

The company has also signed a MoU with Andaman & Nicobar Administration in Dec 2016, for repair of large sea-going vessels owned by them and is already in effect.

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.