CSL achieves 300 per cent growth in 2006-07

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Kochi, Sep 12 (UNI) Cochin Shipyard Limited (CSL) has posted an impressive growth of 300 per cent in PAT at Rs 58 crore in the fiscal 2006-07.

The total income of CSL was Rs 845 crore, an increase of 200 per cent compared to last fiscal, an official release said here today.

The yard's production in shipbuilding during the year was 1,81,395 tonnes compared to 1,10,206 tonnes in 2005-06. The ship repair income of the company was Rs 241.53 crore in 2006-07, as compared to Rs 151.26 crore in 2005-06.

During the year, CSL undertook repairs to the oil rig Trident II of Transocean Offshore Drilling Inc, Houston.

The yard's net worth at the end of 2006-07 stood at Rs 343 crore as compared to Rs 267 crore in the last fiscal.

The yard's shipbuilding order book position by the end of the year consisted of 16 ships, including three Bulk Carriers, 12 Platform Supply Ships and one Air Defence Ship.

CSL CMD M Jitendran said the company's financial performance was the reflection of the strength and competence of its workforce.

The yard has presently put the infrastructure of the Small Ship Division (SSD) on a fast track in order to ensure that high value commercial ships were produced even during the pendency of Aircraft Defence Ship.

Post expansion and implementation of SSD and CSL would ensure the process of atleast 4,000 tonnes of steel per month, the highest ever done in any shipyard in India.

UNI

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