New Delhi: Cochin Shipyard Limited (CSL) has handed over the first profit share for FY 2025–26 generated by the CSL–AN Ship Repair Unit (CANSRU) to the Andaman & Nicobar Administration. The development marks a significant milestone as the ship repair unit completes five years of successful operations in the islands.
The profit share handover highlights the financial viability and operational performance of CANSRU while reflecting the growing institutional collaboration between Cochin Shipyard and the Andaman & Nicobar Administration.
First Profit Share Handed Over to A&N Administration
The cheque representing CANSRU’s profit share for FY 2025–26 was formally presented by Mr. Jose V. J., CMD, Cochin Shipyard Limited, to Mr. Gyanesh Bharti, IAS, Chief Secretary, Andaman & Nicobar Administration.
The cheque was presented at the Chief Secretary’s office in the presence of senior officials from the Andaman & Nicobar Administration and the Directorate of Shipping Services (DSS).
Officials present during the handover included:
- Chanchal Yadav, IAS, Commissioner (Shipping), A&N Administration
- Mr. Hemant Kumar, IAS, Secretary (Shipping), A&N Administration
- Cdr. Vijaykumar, Director, Directorate of Shipping Services (DSS)
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CANSRU Completes Five Years of Operations
The profit share comes as the CSL–AN Ship Repair Unit (CANSRU) completes five years of operations in the Andaman & Nicobar Islands. The unit has been established to strengthen ship repair capabilities in the islands and support the development of a more efficient and competitive maritime ecosystem in the region.
Its continued operations have contributed to strengthening local ship repair infrastructure while supporting the maritime requirements of vessels operating in and around the islands.
Profit Share Highlights Financial Viability
The first profit share handover is an important indicator of CANSRU’s financial and operational performance.
The development demonstrates:
- The financial viability of the ship repair unit
- Successful completion of five years of operations
- Strengthened institutional cooperation
- Development of a robust ship repair ecosystem
- Greater efficiency and competitiveness in ship repair services
The profit share also reflects the benefits of collaboration between CSL and the Andaman & Nicobar Administration in developing maritime infrastructure in the islands.
Strengthening Ship Repair Ecosystem in Andaman & Nicobar
CANSRU is playing a role in building a stronger ship repair ecosystem in the Andaman & Nicobar Islands. The unit’s operations are aimed at improving the availability of ship repair facilities closer to vessels operating in the region. This can help support maritime connectivity and strengthen the overall maritime infrastructure of the islands.
The successful completion of five years, along with the generation of a profit share, marks an important stage in the unit’s development and future growth.
About Cochin Shipyard Limited
Cochin Shipyard Limited (CSL) is one of India’s leading shipbuilding and ship repair companies. A public sector enterprise under the Ministry of Ports, Shipping and Waterways, CSL builds and repairs commercial vessels, defence ships, and specialized marine assets. The company plays an important role in strengthening India’s maritime infrastructure and supporting the country’s shipbuilding capabilities.
