COCHIN SHIPYARD Share price

The Company was incorporated as ‘Cochin Shipyard Limited’ on March 29 1972 as a private limited company under the Companies Act 1956 with the Registrar of Companies Kerala at Ernakulam. the Company became a deemed public limited company under section 43A of Companies Act 1956 on July 1 1982. the Company again became a private limited company with effect from July 16 1985. the Company became a public limited company with effect from November 8 2016 and a fresh certificate of incorporation consequent upon conversion to public limited company was issued by the Registrar of Companies Kerala at Ernakulam. the Company is a government company as per sub-section (45) of section 2 of the Companies Act 2013. The Ministry of Shipping Road Transport and Highways GoI vide letter bearing file number SY-12022/1/02- CSL dated July 21 2008 conveyed the approval of the Department of Public Enterprises granting the Company the status of ‘Category I Miniratna Company’. As a Miniratna Company the Company is eligible to some enhanced delegation of powers to the Board including having greater autonomy to incur capital expenditure for the projects without the GoI approval.Major events in the historyThe table below sets forth the key events in the history of the Company:1972-Laying of foundation stone for hull shop of the Company1975-Vice Admiral N. Krishnan and Admiral S. M. Nanda sign the contract for building the first bulk carrier at Cochin Shipyard1981-Delivery of first ship named ‘Rani Padmini’1990-Delivery of first tanker named ‘007 Motilal Nehru’1993-Received approval from Directorate General of Shipping for starting Graduate Engineer’s Cthese for six months at the Company1999-Delivered the Double Hull Motor Tanker ‘M.T. Abul Kalam Azad’ with a dead weight at design draught of 83576 T to Shipping Corporation of India Limited2003-Delivered first export order LB II Barge to National Petroleum Construction Company Abu Dhabi2004-Contract signed for building of six bulk carriers for M/s Clipper Group Bahamas – The first series of export order2006-Delivered nine fire-fighting tugs to Saudi Seaport Authority Saudi Arabia from December 20042009-Keel laying of the first Indigenous Aircraft Carrier for the Indian Navy2010-Signed the shipbuilding order of 20 Fast Patrol Vessels for Indian Coast Guard2011-Set up the 500 Tonne Bollard Pull facility at Vizhinjam the largest facility for bollard pull test in Asia2012-Signed contract for setting up of ISRF at Cochin Port Trust2013-Launched the first Indigenous Aircraft Carrier for the Indian Navy-Allotment of 8.51% Secured redeemable non-convertible tax-free bonds of face value of Rs.1000 million2014-Delivered the 100th ship built by the Company-Implemented SAP ERP System2015-Obtains license from GTT to build LNG Ships using the containment system known as the Mark-III Technology2016-The last ship of the 20 Fast Patrol Vessel delivered to Indian Coast Guard2017-Delivered double ended Ro-Ro ferry ‘Sethusagar – I and II’ to Kochi Municipal Corporation Awards and RecognitionThe Company has received the following awards:2015-The Gateway awards for shipbuilding company of the year Shipbuilding Company of the Year in recognition of healthy order book and technical competence and also for active contribution to “Make in India” initiative-TMA- HLL CSR award Trivandrum management association jointly with HLL Lifecare Limited awarded the Company as winner for spending Rs.54.6 million for the benefit of society-Samatva 2015 Winner of best CSR practices among public sector undertakings2016-Best corporate citizen award Winner in category III awarded by National Institute of Personnel Management (Kerala chapter)-BT-CSR excellence award - Award of excellence in the category of best performing PSE (CSR head) given by Bureaucracy Today-KMA excellence award For best CSR activities undertaken-Award for top 50 PSU organisations with innovative HR practices Award presented by Times Ascent to top 50 PSU organisation with “Innovative HR Practices” at Asia Pacific HRM Congress-National safety council (Kerala chapter) safety awards Award for outstanding safety performance for outstandingperformance in industrial safety as winner by achieving the lowest frequency rate of accidents-Safety Award - 2016 Award for outstanding performance in industrial safety in the category of very large factories (having more than 500 workers) given by Department of Factories & Boilers Government of Kerala-KMA Excellence Award-2016 For best in-house magazine-Award for Outstanding Safety Performance Winner of the award for outstanding performance in industrial safety in the category of very large size engineering industries (having more than 750 employees) given by National Safety Council (Kerala Chapter)2017-Recognition of WIPS Activities Award Awarded by Forum of Women in Public Sector (under the aegis of SCOPE) in its 27th National Meet held at Nagpur on February 11 2017– February 12 2017-Rajbhasha Karyanvan Puraskaar Awarded first prize by Nagar Rajbhasha Karyanvan Samiti (Upakram) Kochi for best implementation of official language Hindi during the year 2015-16-KMA Excellence Award-2017 For undertaking best CSR activities