Cochin Shipyard Limited (CSL) has signed a strategic Memorandum of Understanding (MoU) with A.P. Moller – Maersk to enhance ship repair, maintenance, and shipbuilding capabilities in India. This partnership aligns with the Government of India’s Vision 2047 and the Union Budget 2025-26, aiming to establish India as a leading global maritime hub.
Under this collaboration, CSL and Maersk will work together to raise ship maintenance standards to global levels through technical expertise sharing. The MoU also opens avenues for exploring ship repair, dry docking, and new shipbuilding opportunities, strengthening India’s position in the global maritime industry. Additionally, both organizations will focus on joint training programs promoting responsible practices and skill development initiatives for CSL employees and Maersk seafarers.
This partnership is a significant step toward enhancing India’s maritime infrastructure, fostering innovation, and generating employment opportunities.
Cochin Shipyard Q3 results
Cochin Shipyard reported a 27.6% YoY decline in Q3 FY25 net profit, dropping to ₹177 crore from ₹244.4 crore in Q3 FY24. Revenue from operations grew 8.6% to ₹1,147.6 crore, up from ₹1,056.4 crore last year. However, operating performance weakened, with EBITDA falling 23.4% to ₹237.4 crore, and EBITDA margin declining to 20.7% from 29.4%.
