Cochin Shipyard Limited (CSL), India’s leading shipbuilding and ship repair company, has announced that it has signed a contract with Oil and Natural Gas Corporation Limited (ONGC) for dry dock and major lay-up repairs of a Jack-Up Rig.
The contract, valued at approximately ₹200 crore, marks a significant order win for CSL in the offshore oil & gas sector. The repair and refurbishment work is expected to take around 12 months to complete.
Why this matters
- Strengthens CSL’s offshore presence: The project underscores CSL’s expertise in handling complex offshore assets, including rigs and drill ships.
- Boosts India’s oil & gas infrastructure: Timely repair and maintenance of offshore rigs is critical to ONGC’s exploration and production activities.
- Revenue visibility: With a contract value of ₹200 crore, this order adds to CSL’s growing project pipeline in the ship repair segment.
Cochin Shipyard has been expanding its footprint beyond traditional shipbuilding, actively securing orders for specialized vessel construction and offshore repair work. The latest contract with ONGC further cements its role as a key player in supporting India’s maritime and energy sectors.
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