KOCHI : 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 Shri 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 CSL delegation included Shri Rajesh Gopalakrishnan, Director (Technical); Shri Sivakumar A., Chief General Manager (Ship Repair); Shri Sanil Peter, General Manager (Ship Repair); and Shri Shyam Kumar G., Unit Head, along with heads of departments from Mumbai Port Authority.
CMSRU Achieves Record Turnover of Over ₹200 Crore
The CSL Mumbai Ship Repair Unit recorded a turnover exceeding ₹200 crore during FY 2025–26, reflecting its strong operational performance and growing contribution to India’s ship repair industry. The achievement highlights the unit’s commitment to delivering quality ship repair services, maintaining operational efficiency and meeting the requirements of the maritime sector.
The milestone also underscores the importance of the Mumbai facility in expanding CSL’s ship repair operations beyond its established base in Kochi. By strengthening its presence in one of India’s key maritime centres, CSL is contributing to the development of ship repair capabilities and supporting the operational requirements of vessels serving the country’s ports and shipping industry.
Strengthening India’s Ship Repair Ecosystem
The profit-sharing arrangement reflects the collaborative partnership between Cochin Shipyard Limited and Mumbai Port Authority in developing and strengthening ship repair infrastructure. Such cooperation plays an important role in expanding domestic maritime capabilities, improving access to repair facilities and supporting the growth of India’s shipping and port ecosystem.
The performance of CMSRU also highlights the potential for strategic partnerships between public-sector maritime organisations to generate commercial value while strengthening essential maritime services.
With its record turnover and continued focus on operational excellence, the CSL Mumbai Ship Repair Unit is emerging as an important contributor to India’s ship repair sector. The achievement reinforces the shared commitment of CSL and Mumbai Port Authority to advancing domestic ship repair capabilities and supporting the country’s broader maritime development objectives.
