Cochin Shipyard

What Cochin Shipyard does

Cochin Shipyard Limited (CSL) is India's first greenfield and most modern shipbuilding and ship repair yard, incorporated in 1972 and headquartered in Kochi, Kerala, with a Miniratna Category-I PSU status and the Government of India holding approximately 67.91% of equity. The company operates two core business segments: shipbuilding (warships for the Indian Navy under Project 17A and ASW SWC programmes, commercial vessels for clients such as CMA CGM and Wilson ASA, LNG-powered container ships, electric tugs, and India's first class-approved indigenous hydrogen fuel cell passenger vessel for IWAI) and ship repair (including upgrades and dry-docking for aircraft carriers INS Vikrant and INS Vikramaditya). Revenue is project-based, generated through direct contracts with the Indian Ministry of Defence, port authorities, state governments, and international shipping lines, with FY26 revenue from operations of ₹5,021.87 crore growing 4.2% year-over-year and an EBITDA margin of 20.9%.

The company's go-to-market combines enterprise field sales with strategic co-development partnerships: direct engagement with the Ministry of Defence and Indian Navy for warship construction, technology collaborations with HD Korea Shipbuilding, Drydocks World, HBL Engineering (Green Maritime Propulsion JV), ABB, and KPIT Technologies for green propulsion systems, and international commercial contracts secured through events such as Singapore Maritime Week. Supporting operations include the wholly-owned Udupi Cochin Shipyard subsidiary (UCSL, acquired 2021), the upcoming ₹1,570 crore Vadinar ship repair cluster with Deendayal Port Authority and Drydocks World, the Marine Engineering Training Institute (METI) GME course, and the USHUS ₹50 crore maritime startup programme with IIT Madras and IIMK LIVE. CSL is positioning to capitalise on India's ambition to become a top-5 global shipbuilding nation by 2047, targeting 5-6% of the commercial ship repair market at Vadinar and pursuing a Navratna upgrade that would expand its operational and financial autonomy.

Name

Cochin Shipyard

Legal name

Cochin Shipyard Limited

Website

http://www.cochinshipyard.com/

Company type

Public

Founded year

1972

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Cochin Shipyard Limited is a Government of India PSU that builds and repairs warships, aircraft carriers, commercial vessels, LNG-powered ships, electric tugs, and hydrogen fuel cell ferries, serving the Indian Navy, global shipping lines (CMA CGM, Wilson ASA), port authorities, and state governments from facilities in Kochi, Udupi, and Vadinar.

Ownership category

akta.pro rank

Product category

Shipbuilding and Ship Repair

NAICS

Ship Building and Repairing (336611), Ship and Boat Building (33661)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Naval Ship Modernization, Refits & Life Extension (Depot Maintenance) (IMAJABAI)

akta.pro secondary industries

Surface Combatants (Destroyers, Frigates, Corvettes) (IMAJABAA), Aircraft Carriers & Large Deck Aviation Ships (IMAJABAC), Auxiliary & Logistics Naval Vessels (Replenishment, Support, Hospital) (IMAJABAD), Heavy Lifting & Material Handling Infrastructure (Goliath Cranes, Jib Cranes, Hoists) (IMAJALAD)

Keywords

• Naval shipbuilding
• Commercial ship construction
• Ship repair services
• Marine engineering training
• Defence vessel manufacturing

Headquarters

HQ city

Perumanseri

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D

Revenue model

1. Ship Building: Construction of naval warships, commercial vessels, container ships, tugs, ferries, and specialized vessels. Major contracts include Indian Navy warships, CMA CGM container vessels, and government ferry orders.
2. Ship Repair: Repair and upgrade services for naval vessels including aircraft carriers, warships, and commercial ships. Includes dry-docking and modernization services.
3. Marine Engineering Training: Graduate Mechanical Engineers (GME) 12-month course at Marine Engineering Training Institute (METI), ISO certified training programme

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Cochin Shipyard designs, builds, and repairs ships and marine platforms for defence and commercial customers. Its shipbuilding portfolio includes naval warships (aircraft carriers, frigates, patrol vessels), large commercial carriers (Very Large Ammonia Carriers, Container Ships, Bulk Carriers, ASD Tugs), and next-generation green vessels (LNG-powered, electric-hybrid, and hydrogen fuel-cell ships). The company also provides ship repair and refit services at its Kochi yard and Ship Repair Facility at Vadinar, and runs a Marine Engineering Training Institute (METI) offering a Graduate Marine Engineer (GME) course.

Product overview

Cochin Shipyard Limited operates as India's premier public sector shipbuilding and ship repair company with Miniratna status. The company offers a comprehensive portfolio centered on two core business segments: ship building (constructing warships, commercial vessels, LNG-powered ships, electric tugs, and hydrogen fuel cell vessels) and ship repair (maintenance and upgrades for naval and commercial vessels). Supporting these core operations are maritime training services through the GME programme, the USHUS startup initiative for maritime innovation, and new ventures in green maritime technology including electric propulsion and hydrogen fuel cells. The company is also expanding into ship repair infrastructure with a major facility at Vadinar, Gujarat.

Differentiator

Problem solved

Functional benefit

Brands

• USHUS: Startup programme to support startups in maritime sector with Rs 50 crore corpus
• METI
• CSL Plus

Products and services

• Naval and Defence Shipbuilding Design and construction of naval warships, aircraft carriers, frigates, patrol vessels, and anti-submarine warfare craft for the Indian Navy, Indian Coast Guard, and Ministry of Defence, including platforms built under India's indigenous warship programme.
• Commercial Shipbuilding Construction of large commercial vessels including Very Large Ammonia Carriers (VLACs), Container Ships, Bulk Carriers, ASD Tugs, cargo ships, and other IMO-class commercial vessels for global shipping operators.
• Green and Alternative Propulsion Shipbuilding Construction of next-generation green-propulsion vessels including LNG-powered ships, electric-hybrid tugs, and hydrogen fuel-cell powered vessels for defence and commercial customers.
• Ship Repair and Refit Services (Kochi) Comprehensive ship repair, maintenance, and refit services for naval and commercial vessels at the Kochi shipyard.
• Ship Repair Facility at Vadinar Dedicated ship repair facility at Vadinar serving commercial and offshore platform operators with repair, maintenance, and refit services.
• Marine Engineering Training Institute (METI) GME Course Residential Graduate Marine Engineer (GME) training programme at the Marine Engineering Training Institute, producing certified marine engineers for the global shipping industry.

Quantifiable outcome

• 7 vessels delivered in 358 days - fastest Indian shipyard record
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Nine partnerships are on record, tiered minor, core and flagship.

• IIT Madras and IIMK LIVEminorImplementation/ SI/ Consulting Partner · 12 June 2026Institutional mentorship partnerships for USHUS maritime startup programme, implementing the ₹50 crore corpus fund to support maritime technology ventures.
• HBL EngineeringcoreTechnology or Integration · 11 June 2026Joint venture Green Maritime Propulsion Private established with HBL Engineering holding 60% stake and Cochin Shipyard 40%. The venture focuses on developing electric propulsion and energy storage technologies for the maritime sector, headquartered in Hyderabad.
• ABBcoreTechnology or Integration · 11 June 2026ABB won contract to supply electric tug systems including propulsion, power management and energy storage for quieter, more efficient port operations. Part of India's Green Tug Transition Programme with vessels due for delivery in 2027.
• Maritech Integrated Maritime Private LimitedminorStrategic or Co-development Partner · 21 May 2026CSL acquired 5% equity stake under USHUS startup programme with ₹50 crore corpus. Maritech developed the Integrated Maritime Exchange platform - a digital marketplace connecting maritime stakeholders for logistics and port services.
• Drydocks World (Dubai)flagshipStrategic or Co-development Partner · 15 May 2026MoU signed between Cochin Shipyard Limited and Drydocks World to establish a ₹1,570-crore ship repair cluster at Vadinar in Gujarat. This strategic partnership aims to capture 5-6% of the commercial ship repair market and reduce India's dependence on foreign shipyards for large vessel repairs.
• Deendayal Port AuthorityflagshipStrategic or Co-development Partner · 15 May 2026Joint implementation of ₹1,570 crore ship repair facility at Vadinar, Gujarat. DPA developing civil infrastructure worth ₹650 crore while CSL provides ship repair infrastructure including two large floating docks costing ₹920 crore.
• Centre of Excellence in Maritime & ShipbuildingminorStrategic or Co-development Partner · 6 May 2026Parallel agreement for maritime workforce skill development as part of the Vadinar ship repair cluster project.
• HD Korea Shipbuilding & Offshore Engineering (HD KSOE)coreStrategic or Co-development Partner · 21 April 2026MoU signed for long-term shipbuilding cooperation as part of India's ambition to become a top-5 global shipbuilding nation by 2047. HD KSOE is a leading South Korean shipbuilder with expertise in LNG carriers and VLCCs.
• CMA CGMcoreStrategic or Co-development Partner · 18 February 2026$360 million contract for constructing six LNG-powered 1,700 TEU container vessels. Landmark order demonstrating India's growing capability in green shipbuilding.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Regional players

• Sembcorp Marine: Singapore-based shipbuilder and offshore engineering company with strong ship repair and offshore platform capabilities. Regional competitor in ship repair and offshore structures, comparable in service mix to CSL's repair and offshore segments.
• Drydocks World: UAE-based ship repair and conversion yard that signed a flagship MoU with CSL for the Vadinar repair cluster. Regional peer in ship repair services and a strategic partner rather than a direct newbuild competitor.

Broad incumbents

• Hyundai Heavy Industries: World's largest shipbuilder with broad coverage across commercial, naval, and offshore vessels. Sets the cost and cycle-time benchmark CSL must close to win global commercial orders.
• Fincantieri: Italian shipbuilding group and one of the world's largest builders of cruise ships and naval vessels. Comparable given its dual naval and commercial portfolio and its role as a Western shipbuilding benchmark.
• Damen Shipyards: Dutch global shipbuilder with a strong portfolio of naval, patrol, workboat, and offshore vessels. Comparable in its broad shipbuilding coverage and its capability to serve defence and commercial customers worldwide.
• HD Korea Shipbuilding & Offshore Engineering: South Korean shipbuilding major and global leader in LNG carriers and VLCCs. Recently signed an MoU with CSL and represents the global benchmark that CSL aspires to compete against in commercial shipbuilding.
• Samsung Heavy Industries: South Korean shipbuilder specializing in LNG carriers, drillships, and ultra-large container vessels. Competes in the global commercial newbuild market where CSL is attempting to win export orders.

Direct peers

• Garden Reach Shipbuilders & Engineers: Indian PSU shipyard building frigates, corvettes, and patrol vessels for the Indian Navy and Coast Guard. Competes with CSL on the same naval tenders and shares similar government ownership structure and Mini/Navratna classification.
• Mazagon Dock Shipbuilders: Indian PSU shipyard that builds warships and submarines for the Indian Navy, including destroyers and frigates. Direct competitor for naval defence contracts and the closest peer given similar PSU structure, customer base, and product portfolio.
• Larsen & Toubro Shipbuilding: Indian private-sector shipyard (part of L&T) building defence vessels, commercial ships, and submarines. Competes with CSL for both naval and commercial contracts and is a key rival in the Indian defence shipbuilding ecosystem.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/cslcochin
• YouTubeyoutube.com/@cochinshipyardlimited
• Facebookfacebook.com/cochinshipyardltd
• LinkedInlinkedin.com/company/cochin-shipyard-limited
• Instagraminstagram.com/cochin_shipyard_limited

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cochin Shipyard