Shipyard works on new repair facility-dry dock.

The Cochin Shipyard Limited (CSL) has proposed initial public offer (IPO) for two major infrastructure expansion projects, investing Rs.970 crore and Rs.1,799 crore.

It has embarked on an International Ship Repair Facility at a cost of Rs. 970 crore and constructing a new Dry Dock with a cost of Rs.1,799 crore.

The entire proceeds of the funds raised through IPOs will be used for partial funding of the projects, Minster of State for Shipping and Road Transport and Highways, Mansukh L. Mandaviya said in a written reply to a question in the Rajya Sabha on 18 July 2017. fii-news.com