Cochin Shipyard Limited (CSL) has received approval from the Cabinet Committee on Economic Affairs for the development of a state-of-the-art Ship Repair Facility at Vadinar, Gujarat. This brownfield project will be jointly implemented by the Deendayal Port Authority (DPA) and CSL with a combined investment of Rs. 1,570 crore. DPA is tasked with developing the civil infrastructure, including a 650-metre jetty, at a cost of Rs. 650 crore, while CSL will invest Rs. 920 crore in ship repair infrastructure, including two large floating docks, and will operate the facility.

The Vadinar facility is strategically located near major shipping routes and key ports like Mundra and Kandla, providing a natural deep draft ideal for large commercial and foreign-flagged vessels. This initiative aims to bridge a critical gap in India’s maritime infrastructure by enabling the repair of vessels up to 300 metres in length, which currently often requires servicing at foreign shipyards. By localizing these high-value repairs, the project is expected to curb foreign exchange outflow and generate approximately 290 direct and 1,100 indirect jobs, aligning with the “Maritime India Vision 2030” and “Maritime Amrit Kaal Vision 2047”.

Cochin Shipyard Limited is India’s largest greenfield shipyard, primarily engaged in shipbuilding, ship repair, and marine engineering training. In 2025, the company achieved several milestones, including the delivery of ‘MAHE’, the first anti-submarine warfare shallow water craft for the Indian Navy, and the signing of a letter of intent with CMA CGM Group for six new 1700 TEU dual-fuel LNG containerships. Additionally, CSL secured international orders for hybrid service operation vessels (SOV) from European clients and partnered with HD Korea Shipbuilding & Offshore Engineering to advance technological collaboration. The company also reached significant steel-cutting and keel-laying milestones for multiple domestic and international vessel projects throughout 2025.

For the quarter ended December 31, 2025 (Q3 FY 2025-26), Cochin Shipyard reported a total income of Rs. 1,421.55 crore. This represents a growth of 14.1% compared to the previous quarter (Q2 FY26) and a 19.0% increase from the corresponding quarter of the previous year (Q3 FY25). The profit after tax for the quarter stood at Rs. 144.67 crore, reflecting a 34.5% increase from the previous quarter, though it saw an 18.3% decrease compared to the Rs. 176.99 crore reported in the same period last year. Notable institutional holdings in the company include Nippon Life India Trustee Ltd, which held a significant stake through its index funds as of 2025.