Cochin Shipyard Ltd.

BSE: 540678 | NSE: COCHINSHIP
Mid Cap | Ship Building
1561.45
65.95 (4.41%)
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Cochin Shipyard inks MoU with SLET to develop jack-up rig design for Indian market

Date: 25-11-2024

Cochin Shipyard (CSL) has entered into a Memorandum of Understanding (MoU) with Seatrium Letourneau USA, Inc. (SLET) for the design and critical equipment for jack-up rigs for the Indian Market.

Building on CSL’s extensive experience in ship construction and engineering and SLET’s renowned technical expertise and design capabilities, this partnership aims to capitalize on opportunities for Mobile Offshore Drilling Units (MODUs) designed to meet the needs of the Indian market. This collaboration is in line with the Government’s efforts under the ‘Make in India’ initiative.

Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India.