Cochin Shipyard Limited (CSL), a prominent player in India's shipbuilding and ship repair industry, has announced significant changes to its leadership team. The company has appointed Dr. Harikrishnan S as Director (Operations) and Shri Rajesh Gopalakrishnan as Director (Technical), effective August 27, 2025.

New Appointments and Tenures

Dr. Harikrishnan S, previously serving as Executive Director (Ship Building) at CSL, has been appointed as Director (Operations). His tenure will run until May 31, 2029, which coincides with his superannuation date, unless further orders are issued.

Shri Rajesh Gopalakrishnan, formerly the Executive Director (Ship Repair), has taken on the role of Director (Technical). He has been appointed for a five-year term, effective from August 27, 2025, or until his superannuation, whichever comes earlier.

Approval Process and Handover

These high-level appointments were authorized by the Appointments Committee of the Cabinet through the Ministry of Ports, Shipping and Waterways. The decision was communicated to the company via email on August 27, 2025.

Prior to these appointments, Shri Madhu Sankunny Nair, the Chairman and Managing Director of Cochin Shipyard Limited, was holding additional charge of both the Operations and Technical directorships. He has now transferred these responsibilities to the newly appointed directors.

Experience and Expertise

Both Dr. Harikrishnan S and Shri Rajesh Gopalakrishnan bring nearly three decades of experience with Cochin Shipyard Limited to their new roles.

Dr. Harikrishnan S

• Bachelor of Technology in Mechanical Engineering
• Master of Technology in Production Engineering
• MBA in International Business
• PhD in Mechanical Engineering
• Extensive experience in shipbuilding and ship repair, including design, inspection & quality control, production, procurement, and planning & project management

Shri Rajesh Gopalakrishnan

• Bachelor of Technology in Mechanical Engineering
• Master's degree in Business Administration with a specialization in International Marketing
• Expertise in business strategy, business build, estimation, contract management, procurement, planning, project management, invoicing, and after-sales & customer relations

Additional Responsibilities

Both newly appointed directors also serve on the boards of Hooghly Cochin Shipyard Limited (Hooghly-CSL) and Udupi Cochin Shipyard Limited (Udupi-CSL), which are wholly owned subsidiaries of Cochin Shipyard Limited.

Compliance and Disclosure

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Cochin Shipyard Limited has disclosed that:

• Neither Dr. Harikrishnan S nor Shri Rajesh Gopalakrishnan are related to any existing directors of the company.
• They have not been debarred from holding the office of Director by any SEBI order or other authority.
• They are not disqualified under Section 164 of the Companies Act, 2013.

These strategic appointments are expected to bring fresh perspectives and deep industry knowledge to Cochin Shipyard's leadership team, potentially strengthening the company's position in the shipbuilding and ship repair sectors.

Cochin Shipyard Limited (CSL), India's premier shipbuilding and ship repair company, has reported a robust financial performance for the first quarter. The company's revenue surged by 38.5% to Rs 1,068.59 crores, up from Rs 771.47 crores in the same quarter last year.

Financial Highlights

The company's profit after tax increased to Rs 187.82 crores from Rs 174.23 crores in the corresponding period, demonstrating steady growth and operational strength.

Order Book and Project Pipeline

Cochin Shipyard maintains a robust total order book of Rs 21,100 crores, comprising:

• Rs 19,600 crores in shipbuilding
• Rs 1,500 crores in ship repair

The order book spans across 75 vessels, with projects at various stages of completion:

• 25 vessels in design and construction stage
• 37 under fabrication and assembly
• 13 launched and in advanced stages of completion

Operational Updates

The company has completed two major capital projects:

1. New Drydock
2. International Ship Repair Facility (ISRF)

Both facilities are now operational, marking a significant milestone in expanding CSL's capabilities and strengthening its long-term growth prospects.

Strategic Partnerships

Cochin Shipyard has signed two important Memorandums of Understanding (MoUs):

1. With Drydocks World UAE: To explore the development of ship repair clusters at Kochi and Vadinar.
2. With HD KSOE of South Korea: To jointly explore new shipbuilding opportunities, share technical expertise, and work together to scale up productivity, capacity utilization, and workforce skills.

These partnerships aim to position India more strongly in the global market and achieve targets envisioned in the Maritime India Vision 2030 and the Maritime Amrit Kaal Vision 2047 Documents.

Future Outlook

Management has provided the following guidance:

• Expected revenue growth of 14-15%
• Long-term annual growth guidance of 10-12% over the next 5-10 years
• Projected PAT margin around 15%
• Projected EBITDA margin around 20%

The company is also bidding for defense projects worth Rs 10,000 crores, indicating potential for further growth in its order book.

Cochin Shipyard's Chairman and Managing Director, Shri Madhu S Nair, expressed confidence in the company's future, stating, "These results reflect steady growth and operational strength. Our partnerships will help us position India more strongly in the global market."

With its expanded facilities, strong order book, and strategic partnerships, Cochin Shipyard appears well-positioned to capitalize on opportunities in both domestic and international markets, supporting India's vision of becoming a global shipbuilding hub.