July 23, 2014 4:46 AM ET

Machinery

Company Overview of COCHIN Shipyard Ltd.

Company Overview

COCHIN Shipyard, Ltd. operates as a shipbuilding and repair yard. It provides ship building of tankers, product carriers, bulk carriers, passenger vessels, high bollard pull tugs, and air defense ships; anchor handling tug supply vessels and platform supply vessels; and ship repair services, which include upgradation of mobile offshore drilling units and life extension of ships, as well as maintenance and repairs to the aircraft carriers, tankers, and bulk carriers. The company also engages in offshore projects and marine engineering training. COCHIN Shipyard, Ltd. was founded in 1969 and is based in Cochin, India.

39/6080 Administrative Building

Perumanoor

Cochin,  682015

India

Founded in 1969

Phone:

91 48 4236 1181

Fax:

91 48 4237 0897

Key Executives for COCHIN Shipyard Ltd.

Chairman and Managing Director
Director of Finance and Director
Director of Operations
Company Secretary
General Manager of Industrial Relations & Administration
Compensation as of Fiscal Year 2014.

COCHIN Shipyard Ltd. Key Developments

COCHIN Shipyard Ltd. Appoints Sunny Thomas as Director (Technical) with Effective from June 01, 2014

Shri Sunny Thomas, assumed charge as Director (Technical) of Cochin Shipyard Ltd. with effective from June 01, 2014. Shri Sunny Thomas joined Cochin Shipyard on 03 August 1981 as Management Trainee and has served in various critical operational areas like shipbuilding, Design, Shiprepair, Projects etc. He has been trained in shipbuilding techniques in Japan for one year. He rose up in the ranks of CSL through dedicated and committed service in the last three decades.

COCHIN Shipyard Ltd. Announces Unaudited Earnings Results for the Half Year Ended March 31, 2014

COCHIN Shipyard Ltd. announced unaudited earnings results for the half year ended March 31, 2014. For the six months, net sales/income from operations (net of excise duty) was INR 7,593.339 million against INR 10,468.921 a year ago. Profit from operations before other income, finance cost and exceptional items were INR 828.389 million against INR 1,263.720 million a year ago. Profit from ordinary activities before tax was INR 1,071.623 million against INR 1,642.765 million a year ago. Net profit for the period was INR 725.892 million against INR 1,085.734 million a year ago. Earnings per share was INR 6.41 against INR 9.58 a year ago. For the year to date for current period ended March 31, 2014, net sales/income from operations (net of excise duty) was INR 16,291.374 million against INR 15,541.620 a year ago. Profit from operations before other income, finance cost and exceptional items were INR 2,448.784 million against INR 2,100.134 million a year ago. Profit from ordinary activities before tax was INR 2,972.118 million against INR 2,755.507 million a year ago. Net profit for the period was INR 1,985.737 million against INR 1,852.676 million a year ago. Earnings per share was INR 17.53 against INR 16.35 a year ago.

Government May Divest 10%

After the IPO, the government may go for divestment of 10% stake in COCHIN Shipyard Ltd., a senior government official said.

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