Oct 24: Cochin Shipyard Ltd has received government approval for the formation of joint venture company, Hooghly Cochin Shipyard Ltd (HSSL), with Hooghly Dock & Port Engineers. The new JV will concentrate on upgrading and modernizing of shipbuilding infrastructure at sites of Salkia and Nazirgunge in Kolkata.
Hooghly Dock is one of the oldest shipyards in the country, which was established on the banks of Hooghly in 1817. “Cochin Shipyard and Hooghly Dock & Port Engineers will have 76% and 24% stake in the company respectively”, the company said.
CSL also has plans for the construction of a Rs 100 crore facility on the Hooghly in Kolkata for construction of vessels for inland water transport. CSL is the only shipyard in India that can build up to 1,10,000 DWT (deadweight tonnes) with a track record of making tankers, bulk carriers, port crafts and passenger vessels, among others.
At present, CSL is into the construction of platform supply vessels for exports and aircraft carrier for the Indian Navy.