Basking in the IPO (initial public offering) success, Cochin Shipyard is now drawing up huge expansion plans, including one to foray into inland water transport.
Its IPO received more than ₹1.11 lakh crore worth of bids against an offer size of ₹1,442 crore. “We have currently undertaken three major expansion projects — a dry dock in Cochin with an investment of ₹1,800 crore; an international ship repair facility on the port trust land at a cost of ₹970 crore and, we are making a foray into inland waterways transport,” Cochin Shipyard Ltd. (CSL) CMD Madhu S. Nair told PTI.
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