<p data-path-to-node="5" id="p-rc_8ef95e1952013f1b-79" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><span class="citation-129" style="line-height: 1.15 !important;">State-run shipbuilding and maintenance major </span><b data-path-to-node="5" data-index-in-node="61" style="line-height: 1.15 !important;">Cochin Shipyard Limited (CSL)</b><span class="citation-129" style="line-height: 1.15 !important;"> is accelerating the expansion of its commercial ship maintenance capabilities through a major </span><b data-path-to-node="5" data-index-in-node="185" style="line-height: 1.15 !important;">Phase-II expansion of the International Ship Repair Facility (ISRF)</b><span class="citation-129" style="line-height: 1.15 !important;"> at Willingdon Island, Kochi, backed by a strategic </span><b data-path-to-node="5" data-index-in-node="304" style="line-height: 1.15 !important;">50:50 joint venture with Drydocks World Dubai</b><span class="citation-129 citation-end-129" style="line-height: 1.15 !important;"> (a DP World company).<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1038807051="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c1038807051="" class="superscript" data-turn-source-index="1" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4215399780="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c4215399780="" _nghost-ng-c131041050="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><p data-path-to-node="6" id="p-rc_8ef95e1952013f1b-80" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><span class="citation-128" style="line-height: 1.15 !important;">The board-approved transaction structured as a business transfer and slump sale valued at approximately </span><b data-path-to-node="6" data-index-in-node="104" style="line-height: 1.15 !important;">₹1,800 crore&nbsp;</b><span class="citation-128 citation-end-128" style="line-height: 1.15 !important;">will transfer the operation, management, and brownfield expansion of the ISRF to the new joint venture entity.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1038807051="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c1038807051="" class="superscript" data-turn-source-index="2" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span> <span class="citation-127" style="line-height: 1.15 !important;">Under the Phase-II blueprint, CSL and its operating partner plan an estimated capital expenditure of </span><b data-path-to-node="6" data-index-in-node="329" style="line-height: 1.15 !important;">₹1,500 crore (₹15 billion)</b><span class="citation-127" style="line-height: 1.15 !important;"> to add </span><b data-path-to-node="6" data-index-in-node="363" style="line-height: 1.15 !important;">10 advanced workstations</b><span class="citation-127 citation-end-127" style="line-height: 1.15 !important;">, expanding the facility’s capacity to handle an additional 100 medium-sized vessels per year and cementing Kochi's position as a premier ship repair hub along major East-West shipping lanes.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1038807051="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c1038807051="" class="superscript" data-turn-source-index="3" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4215399780="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c4215399780="" _nghost-ng-c131041050="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><h3 data-path-to-node="8" style="font-family: &quot;Google Sans&quot;, sans-serif !important; line-height: 1.15 !important;">Key Operational Highlights &amp; Strategic Roadmap</h3><ul data-path-to-node="9" style="padding-inline-start: 32px; font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><li style="line-height: 1.15 !important;"><p data-path-to-node="9,0,0" id="p-rc_8ef95e1952013f1b-81" style="line-height: 1.15 !important;"><b data-path-to-node="9,0,0" data-index-in-node="0" style="line-height: 1.15 !important;">₹1,800-Crore Strategic Joint Venture:</b> <span class="citation-126 citation-end-126" style="line-height: 1.15 !important;">Under the agreement, CSL will transfer the ISRF to the 50:50 joint venture, receiving 50% of the consideration (approximately ₹900 crore) in upfront cash and the remaining 50% as equity in the joint venture company.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1038807051="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c1038807051="" class="superscript" data-turn-source-index="4" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4215399780="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c4215399780="" _nghost-ng-c131041050="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p></li><li style="line-height: 1.15 !important;"><p data-path-to-node="9,1,0" style="line-height: 1.15 !important;"><b data-path-to-node="9,1,0" data-index-in-node="0" style="line-height: 1.15 !important;">Phase-II Infrastructure Build-Out:</b> The planned ₹1,500-crore Phase-II development will install 10 new repair workstations equipped with specialized heavy-lift machinery, precision hull maintenance systems, and modern outfitting berths to service complex commercial, offshore, and defense vessels.</p></li><li style="line-height: 1.15 !important;"><p data-path-to-node="9,2,0" style="line-height: 1.15 !important;"><b data-path-to-node="9,2,0" data-index-in-node="0" style="line-height: 1.15 !important;">Global Operating Expertise from Drydocks World:</b> Bringing in Drydocks World Dubai one of the world’s leading ship repair and offshore conversion specialists integrates international best practices, standardized turnaround protocols, and direct access to global liner and tanker fleets seeking dry dockings along Indian Ocean routes.</p></li><li style="line-height: 1.15 !important;"><p data-path-to-node="9,3,0" id="p-rc_8ef95e1952013f1b-82" style="line-height: 1.15 !important;"><b data-path-to-node="9,3,0" data-index-in-node="0" style="line-height: 1.15 !important;">Leveraging the Willingdon Island ISRF Footprint:</b> <span class="citation-125 citation-end-125" style="line-height: 1.15 !important;">The ISRF currently encompasses roughly 30 hectares, built with an initial investment of ₹970 crore and commissioned in 2024 with a 6,000-tonne ship lift, transfer system, six operational workstations, and 1,400 meters of berthing frontage capable of handling up to 82 vessels annually.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1038807051="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c1038807051="" class="superscript" data-turn-source-index="5" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c4215399780="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c4215399780="" _nghost-ng-c131041050="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p></li><li style="line-height: 1.15 !important;"><p data-path-to-node="9,4,0" style="line-height: 1.15 !important;"><b data-path-to-node="9,4,0" data-index-in-node="0" style="line-height: 1.15 !important;">Scaling National MRO Ecosystem:</b> With an active ship repair order book exceeding ₹1,200 crore, CSL's expansion directly aligns with the Ministry of Ports, Shipping and Waterways' vision to capture high-value marine Maintenance, Repair, and Overhaul (MRO) expenditure currently outsourced to foreign yards in Colombo, Dubai, and Singapore.</p></li></ul>