NEW DELHI: Fresh from its recent IPO success, Cochin Shipyard (CSL) is now setting sail to newer shores as it looks to set up ship-building and repair facilities in Andaman and Nicobar, Gujarat, Kolkata and Mumbai. This was disclosed by Union Shipping, Road Transport, Highways and Water Resources Minister Nitin Gadkari.
"We are expanding Cochin Shipyard. We will have ship-building and repair facilities in Andaman and Nicobar, Gujarat and Mumbai. World-class ship repair and ship-building should be there. Ships should be built with new technologies. The process is on," Gadkari said.
An agreement with Andaman and Nicobar has been formalised to this effect, Gadkari said. The state-owned firm, a leading player in the ship- building and repair industry, saw its initial public offering (IPO) getting oversubscribed as many as 75 times last month.
CSL is building four passenger-cum–cargo vessels for the Andaman and Nicobar administration under the Make in India initiative and as per orders placed by the administration, two of these will have a capacity of 500 persons-cum-150 tonne cargo and the remaining two 1,200 persons-cum-1,000 tonne. The ships are built at a cost of about Rs 1,500 crore.
"Besides the agreement with Andaman and Nicobar, we are giving Kolkata's Hooghly dock to them (CSL). They will make new barges," the Minister said. CSL plans to build a Rs 100-crore facility on the shore of the Hooghly in Kolkata for construction of vessels for inland water transport.
Gadkari said, "We have tied up with a German company. We are changing designs so that same capacity barge with same engine can carry 4,000-5,000 tonne of cargo instead of early 2,000 tonne. We are trying to tie up with international companies so that we can use methanol."
CSL Chairman Madhu S Nair said that CSL, in line with the Shipping Ministry's and the Government's road map, has been in talks with Major Port Trusts for ship repair facilities.