Focusing on ship repair as an important growth area, public sector Cochin Shipyard Ltd (CSL) is planning a Phase-II expansion at Kochi, with additional workstations and associated infrastructure.CSL is also progressing with the development of a second ship repair cluster at Vadinar in Gujarat in partnership with Deendayal Port Authority. The project involves a total investment of ₹1,570 crore, including approximately ₹920 crore from CSL. The facility, which will have two large floating docks, received approval from the Cabinet Committee on Economic Affairs (CCEA) in May, Jose V.J., Chairman and Managing Director said.Together, the Kochi and Vadinar facilities are expected to significantly strengthen CSL’s ship repair capabilities and improve its access to international customers, he said. The company’s MoU with Drydocks World, Dubai, a DP World company, will further support efforts to explore opportunities to bring international expertise and capabilities to these initiatives, he said while addressing the AGM.CSL is also looking beyond its traditional businesses to build capabilities in emerging maritime technologies. A joint venture has been formed with HBL Engineering Ltd to develop electric mobility technologies and energy storage solutions for the maritime sector.The company is also progressing with the proposed acquisition of a 23 per cent stake in Conoship International Holding B.V., Netherlands. The investment is expected to provide CSL access to international ship-design capabilities and help it participate more effectively in the growing market for energy-efficient and low-emission vessels.Shipbuilding continued to be CSL’s largest business segment, contributing revenue of ₹3,366 crore, compared with ₹2,955 crore in the previous year. Ship repair contributed ₹1,656 crore, against ₹1,865 crore in FY 2024-25.CSL is simultaneously taking steps to transition its own operations towards cleaner sources of energy. The company is implementing a Battery Energy Storage System (BESS) in phases. The system will be charged using renewable power procured through the Green Day Ahead Market, supplemented by surplus power generated from its solar installations.The stored energy will be used during peak tariff periods, helping improve energy efficiency and optimise the use of renewable power. The first phase of the BESS is targeted for completion by December 2027. Once commissioned, the project is expected to enable CSL to meet approximately 60–70 per cent of its energy requirements through green energy sources.With a current order book of over ₹22,000 crore, CSL has laid a strong foundation for sustained business activity. The company has also undertaken a comprehensive review of its CRUISE 2030 strategy in the context of expanded infrastructure, changing global maritime trends and national objectives under Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047. This has resulted in the launch of CRUISE 2030 2.0, outlining the company’s roadmap for its next phase of growth.Published on September 10, 2026