The story
Cochin Shipyard was incorporated in 1972 as a Government of India company, with the first phase of facilities coming online in 1982.
In August 2012, the Government of India announced plans of divestment to raise capital of ₹1,500 crore for further expansion through an initial public offering (IPO) towards the end of the fiscal year. The Government finalised the decision of stake sale on 18 November 2015. 3.39 crore (33.9 million) shares were planned to be sold, out of which the government held 1,13,000 shares while the others were fresh equity. However, this did not materialise until August 2017, when the company conducted its IPO and listed its shares on the BSE and NSE. The company acqiured Tebma shipyards in 2021.
On 24 September 2026, Cochin Shipyard acquired a 23% stake in Conoship International Holding B.V. (Conoship), a Netherlands-based ship design and engineering company, through a Share Purchase Agreement (SPA) and a Shareholders’ and Cooperation Agreement for a cost of €2.3 million (₹25 crore). The approval for the purchase was approved by the CSL Board in January 2026.
From Wikipedia’s article on Cochin Shipyard, shared under CC BY-SA 4.0.5