Cochin Shipyard

Cochin Shipyard Limited is the largest shipbuilding and maintenance facility in India. It is part of a line of maritime-related facilities in the port-city of Kochi, in the state of Kerala, India.Of the services provided by the shipyard are building platform supply vessels and double-hulled oil tankers. Presently it is building the first range of indigenous aircraft carriers for the Indian Navy, the Vikrant-class aircraft carriers.Cochin Shipyard was incorporated in 1972 as a Government of India company, with the first phase of facilities coming online in 1982. The yard has facilities to build vessels up to 1.1 million tons and repair vessels up to 1.25 million tons, the largest such facilities in India. In August 2012, the Government of India announced plans of divestment to raise capital of Rs. 15 billion for further expansion through an Initial Public Offering towards the end of the fiscal year.The government finalised the decision of stake sale on 18 November 2015. 33.9 million shares of face value Rs. 10 Each will be sold, out of which the government is holding shares while the others are fresh equity.The shipyard also trains graduate engineers in marine engineering. Around one hundred students are trained each year.