Thu May 15 04:20:00 UTC 2025: **Summary:**

Cochin Shipyard Limited (CSL) and Drydocks World are deepening their partnership to enhance India’s ship repair and offshore fabrication capabilities. Following an MoU signing last month, a Drydocks World delegation visited CSL to discuss operationalizing the agreement and identify opportunities for collaboration, starting with joint work at the International Ship Repair Facility (ISRF) in Kochi. This partnership aims to contribute to India’s Maritime India Vision 2030 and Amrit Kaal Vision 2047, positioning the country as a global maritime hub. CSL has shown strong financial performance with increasing sales and profits, and its stock has delivered significant returns.

**News Article:**

**Cochin Shipyard and Drydocks World Join Forces to Boost India’s Maritime Sector**

**Kochi, India** – Cochin Shipyard Limited (CSL), a Public Sector Enterprise, is collaborating with Drydocks World, a DP World company, to strengthen India’s ship repair and offshore fabrication capabilities. A high-level delegation from Drydocks World recently visited CSL to discuss the operationalization of the Memorandum of Understanding (MoU) signed last month, which aims to bring global best practices to India’s maritime sector and expand capacity.

The partnership will initially focus on joint work at the International Ship Repair Facility (ISRF) in Kochi, with plans to expand collaboration across India. The initiative is aligned with the Government of India’s Maritime India Vision 2030 and Amrit Kaal Vision 2047, which seek to position India as a global maritime hub with modern infrastructure and a skilled workforce.

CSL has demonstrated solid financial performance, with net sales increasing by 13 per cent to Rs 1,143.20 crore, operating profit increased by 7 per cent to Rs 298.41 crore and net profit increased by 4 per cent to Rs 188.92 crore in Q2FY25 compared to Q2FY24. In its annual results, net sales increased by 62 per cent to Rs 3,830.45 crore and net profit increased by 157 per cent to Rs 783.28 crore in FY24 compared to FY23. Looking at its half-yearly results, net sales increased by 29 per cent to Rs 1,914.67 crore, operating profit increased by 26 per cent to Rs 559.77 crore and net profit increased by 30 per cent to Rs 363.16 crore in H1FY25 compared to H1FY24.
The company’s stock has also delivered strong returns, giving multibagger returns of 500 per cent in just 2 years whereas the BSE Sensex Index is up by 31 per cent.

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