Cochin Shipyard Ltd (CSL) is mainly engaged in the construction of vessels and repairs and refits of all types of vessels including upgradation of ships periodical layup repairs and life extension of ships. In the last four decades the company has emerged as a forerunner in the Indian shipbuilding and ship repair industry and also a well-known player on the global shipbuilding front. The company has built and repaired some of the largest ships in India. Over the years CSL has successfully responded to fluctuations in the shipbuilding requirements of the markets and have evolved from building bulk carriers to smaller and more technically sophisticated vessels such as Platform Supply Vessel (PSV) and Anchor Handling Tug Supply Vessel (AHTS). CSL has worked with several leading technology firms in the industry including Rolls Royce Marine (Norway) GTT (France) Vard Group (Norway) etc. CSL's key shipbuilding clients on the domestic front include the Indian Navy the Indian Coast Guard and the Shipping Corporation of India Limited. CSL has also undertaken repairs of various types of vessels including upgradation of ships of the oil exploration industry as well as periodical maintenance repairs and life extension of ships. Cochin Shipyard Limited (CSL) is a Schedule B Miniratna PSU under the Ministry of Shipping. As on 30 September 2018 the Government of India holds 75% of the company's equity share capital.Cochin Shipyard Ltd was incorporated in the year 1972 as a fully owned Government of India company. In April 1972 the foundation stone was laid for hull shop of the company. The company commenced the shipbuilding operations in the year 1978. The first ship to roll out of the company was the MV Rani Padmini in the year 1981. In July 1981 the company delivered the first ship MV Rani Padmini. The company commenced ship repair operations in the year 1981. They completed the first phase of yard facilities in the year 1982. This yard was designed and constructed under technical collaboration with Mitsubishi Heavy Industries (M.H.I) Japan.In October 1990 the company delivered its first tanker named `007 Motilal Nehru'. The company commenced Marine Engineering Training in the year 1993 and Offshore Upgradation in the year 1999. In the year 2001 the company won the contract for replacement of deck cranes at SE and SJ platforms of ONGC in the Bombay High region at a cost of Rs 77 million. In February 2003 the company delivered first export order LB II Barge to National Petroleum Construction Company Abu Dhabi. In January 2004 the company signed contract for building of six bulk carriers for M/s Clipper Group Bahamas - The first series of export order.During the year 2005-06 the company delivered 3 Nos Firefighting tugs to ATCO Saudi Arabia and launched the second Bulk Carrier for Clipper Bahamas along with the first Platform Supply Vessel for Deep Sea Supply ASA Norway. Also they concluded the contracts for additional 4 Nos Rolls-Royce UT 755-L type Platform Supply Vessels for Deep Sea Supply ASA Norway.During the year 2006-07 the company delivered three Firefighting tug to ATCO Saudi Arabia three Bulk Carriers to Clipper Group Denmark and one Platform Supply Vessel to Deep Sea Supply Norway. Also they undertook repairs to the oil Rig Trident II of Transocean Offshore Drilling Inc Houston.During the year 2007-08 the company undertook major repairs to the ONGC's Mobile Offshore Drilling Unit Sagar Bhushan Jack up Rig Sagar Kiran Jack up Rig trident-2 for Transocean USA Dredger Sagar Hansa for Van Oord ACZ Shipping Management Denmark and Dredge Aquarius for Dredging Corporation of India.In July 2008 the company was awarded the category I Miniratna status which was recognition of the company's growth and their efforts to grow into an international shipyard. During the year 2008-09 the company undertook major repairs to JUR Sagar Kiran Sagar Bhushan of ONGC and INS Viraat of Indian Navy. They delivered four platform supply vessels to various international owners. In October 2010 the company signed the shipbuilding order of 20 Fast Patrol Vessels for Indian Coast Guard. In September 2011 the company set up the 500 Tonne Bollard Pull facility at Vizhinjam the largest facility for bollard pull test in Asia.During the year 2012-13 the company delivered five ships to the Shipping Corporation of India and one ship to M/s.PSV Holdings Liberia. Its major achievement towards the latter part of the year has been the accelerated pace of work on the Indigenous Aircraft Carrier. A large number of equipment were finally received in January 2013 and the ship was re-docked in the building dock in February 2013. It is to the credit of Cochin Shipyard that an enormous amount of work was carried out in two months with a turnover for this period alone on the aircraft carrier touching a record high of close to Rs. 400 crores.The company delivered seven ships during the year 2013-14 five ships to the Indian Coast Guard and two ships to M/s PSV Holdings Liberia. In August 2013 the company launched the first Indigenous Aircraft Carrier for the Indian Navy. In March 2014 the company delivered its 100th ship.During the year 2015-16 the Company delivered six Fast Patrol Vessels (FPV) to Indian Cost Guard and one Buoy Tender Vessel to the Directorate General of Lighthouses and Lightships (DGLL). In December 2015 the company obtained license from GTT to build LNG Ships using the containment system known as the Mark-III Technology. Construction of the large Jacket Launch cum Deck Cargo Barge for the National Petroleum Construction Company Abu Dhabi has been completed on 18th September 2016 on time as contracted. In December 2016 the last ship of the 20 Fast Patrol vessels was delivered to the Indian Coast Guard. In June 2017 the company delivered double ended Ro-Ro ferry `Sethusagar - I and II' to Kochi Municipal Corporation.The company came out with an initial public offer (IPO) during the period from 1 August 2017 to 3 August 2017. The IPO was a combination of fresh issue 2.26 crore shares by the company and Offer for Sale of 1.13 crore shares by Government of India. The stock debuted at Rs 435 on BSE on 11 August 2017 a premium of 0.69% compared to the IPO price of Rs 432 per share. After the successful completion of the IPO Government of India's stake in the company declined to 75% from 100%. On 10 October 2017 CSL announced that it has received communication from the Integrated Headquarters Ministry of Defence (Navy) New Delhi that the company has emerged as the L1 bidder for 16 X ASW SWC Project for the Indian Navy. The contract for eight vessels at a cost of about Rs.5400 crore is expected to be concluded with the Ministry of Defence after due process. The order was bagged against a competitive tender issued by the Ministry of Defence in which both private and public sector yards had participated.Cochin Shipyard Limited (CSL) announced that it will begin the work on its Rs 970-crore International Ship repair Facility (ISRF) at Cochin Port Trust on 17 November 2017. The facility can repair up to 85 vessels and CSL will thereby be almost doubling the number of ships that can be repaired per year.On 11 January 2018 Cochin Shipyard Limited (CSL) signed an MOU with Mumbai Port Trust (MbPT) for management and operation of the Ship repair Facilities at Mumbai Port trust. As per the terms of the MOU MbPT and CSL are to associate with each other for utilizing the Indira Dock facility at Mumbai Port to set up a Professional Ship Repair Eco system that would be beneficial for the commercial as well as Defence Ship Repair Industry in India. The MOU also provides for expansion of the Ship repair capacity within the Indira Dock that may include setting up of a Floating Drydock (FDD) and upgrading existing facility at HDD thereby enhancing the existing Ship repair Capacity in Mumbai Area. This would serve the increasing Ship Repair demands in Mumbai area being one of the key ports of India that connect internationally.On 29 January 2018 Cochin Shipyard signed contracts for construction of 16 nos Tuna Long Lining & Gillnetting Fishing Vessels under the diversification of trawl fishing boats from palk bay into deep sea fishing boats under Central sector on Blue Revolution Scheme of with financial assistance from Government of India and the Government of Tamil Nadu.On 2 February 2018 Cochin Shipyard Limited (CSL) and Joint Stock Company United Shipbuilding Corporation (USC) Russia signed a Memorandum of Understanding (MoU) to collaborate and engage in Design Development and Execution of High-End State-of-Art vessels for Inland and Coastal Waterways. USC a Joint Stock company is the largest shipbuilding holding in Russia incorporating about 40 enterprises including shipyards with more than 300 years' experience which have been key contributors to the growth of Inland Waterways in Russia. CSL & USC target to associate in development of High-Speed Vessels River-Sea Cargo Vessels Passenger Vessels Hovercrafts and other watercrafts predominantly for the Indian Waterways. Cochin Shipyard achieved an all time high turnover of Rs 2355.12 crore for the year 2017-18 as compared to Rs 2058.87 crore in the year 2016-17. Cochin Shipyard also recorded an all time high profit after tax of Rs. 396.75 crore as compared to Rs 321.55 crore for the previous year.On 13 July 2018 Cochin Shipyard Limited (CSL) announced that it has signed shipbuilding contract with Inland Water Authority of India (IWAI) for Design Construction and Supply of Ten Ro-Ro Vessels. The total contract value is Rs 102.6 crore + applicable taxes. The vessels are conceptualized and fully designed by CSL. All the ten vessels will be delivered within a contractual period of 18 months.On 25 September 2018 Cochin Shipyard Limited (CSL) and the Andaman & Nicobar Administration entered into an MoU whereby CSL shall take up the `Operation & Maintenance of the Marine Dry-Dock' at Port Blair. Under the ambit of this MoU CSL shall assist the Administration in (a) Setting up of Ship repair Eco-system at A&N islands (b) Augmentation & Modernization of Marine Dockyard and (c) Skill Development & Training schemes for A&N Islands.The Board of Directors of the company at its meeting held on 16 October 2018 unanimously approved a proposal for buyback of 43.95 lakh equity shares of Rs.10 each representing 3.23% of the total outstanding number of equity shares in the paid- up share capital of the company at a price of Rs 455 per equity share from the shareholders of the company through the Tender Offer route.