The company has invested Rs 300 crore in new shipyards in Kolkata and Udupi, Karnataka, Chairperson Madhu Nair shared while giving a tour of the CSL headquarters in Kochi.
“In software solutions and other projects in total, we have invested about Rs 3,500 crore,” Nair said. “We were investing in these plans when our net worth was about Rs 2,500 crore…. Now, we are about Rs 4,500 crore.” The company is into shipbuilding and repair in both commercial and defence spaces, and revenues will fluctuate across these four verticals, the managing director said. “We see strength in all four verticals.” “We probably missed the last manufacturing bus, but there is a newfound positivity in India… I think that this momentum can be sustained,” Nair said.
The shipbuilder recently undertook a capex programme to construct a new dry dock and international ship-repair facility that will help augment its capacity and increase its execution speed. CSL is one of the only shipyards that undertakes the construction of civilian ships and has orders from Norway and Germany. The company is also one of the major suppliers of vessels for inland water highways. India’s largest shipbuilder has invested about Rs 2,800 crore in a new dry-dock and international ship-repair facility. From a business point of view, Nair expects top-line growth of about 12% year-on-year. With a current orderbook of over Rs 22,000 crore, the company has five facilities—Kochi, Udupi, Port Blair, Mumbai and Hooghly. It is the only shipyard with a dry-dock facility for the construction of large naval ships.
