KOCHI: In the 50 years since its inception as a government-owned shipyard, Cochin Shipyard Ltd (CSL) has developed into one of the best ship building firms in the world. CSL, which is now a schedule B Miniratna PSU under the ministry of shipping, is set to launch its golden jubilee celebrations on Saturday.
CSL delivered its first ship MV Rani Padmini in July 1981 and in the golden jubilee year the company will hand over the first indigenous aircraft carrier of India ‘INS Vikrant’ to Indian Navy in May. Incorporated as a fully-owned Government of India company in 1972, CSL, the Government of India holds 72.86% of the company’s share capital.