Cochin Shipyard, the largest ship building and repairing facilitybin the country, would execute around Rs 150 billion worth of orders including building of Anti Submarine Warfare (ASW) Corvette and the aircraft carrier for Indian Navy in next five years. The expansion plans, including a dry dock within the shipyard and facilities in Mumbai, Kolkata and Port Blair, for a total of over Rs 25 billion would also be ready during this period, said Madhu S Nair, CMD of Cochin Shipyard."Unlike in other industries, we will not see this signed, documented and sealed at each point of time, but the visibility in front of us is around Rs 150 billion. For the aircraft carrier, we have some post delivery commitments. All these contracts has to be executed in at least four to five years at the maximum," he said.The company is in advanced stages of finalising a contract to build the ASW Corvette, with the Indian Navy, as the lowest bidder for the project. The project is to produce eight such vessels ..
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