has secured shipbuilding orders from internationally renowned companies from Europe & Middle East and is nominated to build the country's first indigenously built Air Defence Ship. The Cochin Shipyard also builds ships for the Indian Navy. Shipyard commenced ship repair operations in the year 1982 and has undertaken repairs of all types of ships including upgradation of ships of oil exploration industry as well as periodical lay up repairs and life extension of ships of Navy, UTL, Coast Guard, Fisheries and Port Trust besides merchant ships of SCI & ONGC. The yard has, over the years, developed adequate capabilities to handle complex and sophisticated repair jobs. Recently Cochin Shipyard won a major repair orders from ONGC. The order for major repairs of three rigs viz Mobile Offshore Drilling Unit (MODU) Sagar Vijay, Mobile Offshore Drilling Unit (MODU) Sagar Bhushan and Jack Up Rig (JUR) Sagar Kiran was secured by CSL against very stiff international competition. Oil refining Bharat Petroleum Corporation Limited Kochi Refinery. Kochi also has an oil refinery – the Kochi Refineries Limited (KRL), in Ambalamugal. Formerly known as Cochin Refineries Ltd., was formally registered on 6 September 1963 at Ernakulam. Philips Petroleum International Corporation was the prime contractors for the construction of the refinery. They entrusted the work to Pacific Procon Limited. Construction work started in March 1964 and the first unit came on stream just after 29 months in September 1966. In accordance with the decision of Govt. of India to sell its stake in Kochi Refineries Ltd., a stand-alone refinery with a capacity of 7.5 million tonnes per year, BPCL has acquired 54.81% shares held by Govt. of India (GOI) in Kochi Refineries Ltd. on 26.03.2001 for a total consideration of Rs. 6591 million. Consequent to the merger Order dated 18 August 2006 issued by Ministry of Company Affairs, the refinery has been amalgamated with Bharat Petroleum Corporation, henceforth to be known as BPCL-Kochi Refinery. Information technology Kochi is the second biggest contributor to Kerala's IT Exports. Kochi is one of the leading Tier-II destination for IT and ITES companies in the country. The availability of 15 Gbit/s bandwidth, through undersea cables such as FLAG, SAFE and SEA ME WE 3 ensures seamless data flow, and lower operational costs compared to other major cities in India, has been to its advantage. The InfoPark promoted by the Government of Kerala is home to companies like TCS, Wipro,