Mumbai: Cochin Shipyard Limited (CSL) has formally handed over its profit share for the financial year 2025–26 to Mumbai Port Authority (MbPA) for the CSL Mumbai Ship Repair Unit (CMSRU), marking a significant milestone in the unit’s operational and financial performance.
The cheque was handed over by Jose V. J., Chairman and Managing Director of Cochin Shipyard Limited, to Dr. Angamuthu, Chairperson of Mumbai Port Authority, in the presence of senior officials from both organisations.
The development highlights the continued collaboration between CSL and Mumbai Port Authority in strengthening India’s maritime infrastructure and expanding domestic ship repair capabilities.
CSL Mumbai Ship Repair Unit Records Turnover of Over ₹200 Crore
The CSL Mumbai Ship Repair Unit achieved a record turnover of more than ₹200 crore during FY 2025–26, reflecting its strong operational performance and growing contribution to India’s ship repair industry.
The milestone demonstrates the unit’s focus on delivering quality ship repair services, maintaining operational efficiency and meeting the requirements of the maritime sector. It also highlights the growing role of CSL’s Mumbai facility in supporting ship repair operations beyond the company’s established base in Kochi.
Mumbai is one of India’s key maritime centres, with significant port and shipping activity. The presence of CMSRU in the city strengthens access to ship repair services for vessels operating in and around the region.
The unit’s performance also reflects the potential for expanding ship repair operations through strategic partnerships and the development of specialised maritime facilities.
Senior CSL and Mumbai Port Authority Officials Attend Handover
The formal handover ceremony was attended by senior representatives of Cochin Shipyard Limited and Mumbai Port Authority.
The CSL delegation included:
- Jose V. J. – Chairman and Managing Director, Cochin Shipyard Limited
- Rajesh Gopalakrishnan – Director (Technical)
- Sivakumar A. – Chief General Manager (Ship Repair)
- Sanil Peter – General Manager (Ship Repair)
- Shyam Kumar G. – Unit Head, CSL Mumbai Ship Repair Unit
Heads of departments from Mumbai Port Authority were also present at the event.
The participation of senior officials from both organisations underscored the importance of their partnership in supporting ship repair operations and developing India’s maritime capabilities.
The profit-sharing handover represents an important milestone in the commercial relationship between CSL and Mumbai Port Authority, reflecting the performance of the Mumbai Ship Repair Unit during the financial year.
Partnership Strengthens India’s Ship Repair Infrastructure
The profit-sharing arrangement highlights the collaborative efforts of Cochin Shipyard Limited and Mumbai Port Authority to strengthen India’s ship repair infrastructure and maritime ecosystem.
Cooperation between public-sector maritime organisations can help expand domestic repair capacity, improve access to specialised services and support the operational requirements of vessels serving Indian ports.
The development of ship repair facilities in key maritime centres such as Mumbai is also important for supporting shipping operations and strengthening the country’s broader maritime services sector.
CMSRU’s record turnover reflects the commercial potential of such partnerships and the role of specialised ship repair facilities in meeting the needs of the shipping industry.
CMSRU Supports CSL’s Expanding Ship Repair Operations
The performance of the CSL Mumbai Ship Repair Unit marks an important step in CSL’s efforts to strengthen its ship repair presence beyond Kochi. By operating in Mumbai, the company is expanding its reach in one of India’s major maritime hubs and contributing to the availability of ship repair services in the region.
The unit’s turnover of more than ₹200 crore in FY 2025–26 highlights its contribution to CSL’s broader ship repair activities. Its performance also reinforces the importance of operational efficiency, service quality and collaboration in building competitive domestic maritime capabilities.
The achievement reflects the shared commitment of Cochin Shipyard Limited and Mumbai Port Authority to developing ship repair infrastructure and supporting India’s maritime growth.
With CMSRU recording a strong financial performance, the partnership is positioned to contribute to the continued development of India’s ship repair ecosystem and the strengthening of domestic maritime services.
About Cochin Shipyard Limited
Cochin Shipyard Limited (CSL) is a public-sector shipbuilding and ship repair company under the Ministry of Ports, Shipping and Waterways, Government of India. Headquartered in Kochi, Kerala, the company undertakes shipbuilding, ship repair, marine engineering and related maritime activities. CSL serves a range of commercial and government-sector requirements and plays an important role in developing India’s domestic shipbuilding and ship repair capabilities.
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