The Economic Times daily newspaper is available online now.

    Cochin Shipyard's Rs 170 cr shipbuilding facility in West Bengal to be operational by June

    Synopsis

    Cochin Shipyard Limited, through its wholly-owned subsidiary Hooghly Cochin Shipyard Limited (HCSL), is currently setting up a modern shipbuilding facility at Nazirgunge, West Bengal at an estimated project cost of Rs 169.76 crore, as per a document of the Ministry of Shipping.

    Untitled-4Agencies
    Representative Image
    Public sector Cochin Shipyard is expected to operationalise a Rs 170 crore modern shipbuilding facility that it is building in West Bengal by June 2021. The state-owned company, under the administrative control of the Ministry of Ports, Shipping and Waterways, recently emerged as the lowest bidder for a Rs 10,000-crore contract by the Indian Navy to build next generation missile vessels.

    Cochin Shipyard Limited, through its wholly-owned subsidiary Hooghly Cochin Shipyard Limited (HCSL), is currently setting up a modern shipbuilding facility at Nazirgunge, West Bengal at an estimated project cost of Rs 169.76 crore, as per a document of the Ministry of Shipping.

    "The facility is expected to be operationalised in the first quarter of the financial year 2021-22," the document said.

    HCSL targets to construct various types of vessels like Ro-Ro vessels, river-sea cargo vessels for bulk, liquids, containers, passenger vessels and other watercraft for the inland waterways.

    Cochin Shipyard has also commissioned a new marine engineering training institute 'Vigyana Sagar', which was dedicated to the nation by Prime Minister Narendra Modi on February 14, 2021.

    The company recently inked a pact with Dredging Corporation and IHC Holland BV to locally build world-class dredgers in India.

    Currently, India depends on foreign dredgers for dredging work worth about Rs 2,000 crore per annum.

    CSL, India's leading shipyard, can build ships up to 1,10,000 dead weight tonnage (DWT) and repair ships up to 1,25,000 DWT.

    The yard has delivered two of India's largest double hull Aframax tankers each of 95,000 DWT.


    (You can now subscribe to our Economic Times WhatsApp channel)
    (Catch all the Business News, Breaking News Budget 2024 News, Budget 2024 Live Coverage, Events and Latest News Updates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    ...more
    The Economic Times

    Stories you might be interested in