Cochin Shipyard Limited (CSL) has been upgraded from ‘Schedule B’ to ‘Schedule A’ CPSE by the Government of India. This is a significant milestone for CSL, which is the largest shipbuilding and maintenance facility in India.
The upgradation to ‘Schedule A’ was notified by the Ministry of Ports, Shipping and Waterways on July 31, 2023. This upgrade recognizes CSL’s strong financial performance and operational efficiency, as well as its contribution to national security. India’s first-ever Indigenous Aircraft Carrier ‘INS Vikrant’ was constructed by CSL and was delivered in the last financial year, portraying its capability to build complex defence vessels.
In addition to the financial and operational benefits, the upgrade to ‘Schedule A’ will also give CSL greater visibility and prestige. This will help the company to attract top talent and to secure new business opportunities.
