Cochin Shipyard Ltd (CSL) is one of the largest shipbuilding and maintenance facility in India. It is part of a line of maritime-related facilities in the port-city of Kochi, in the state of Kerala, India. Of the services provided by the shipyard are building platform supply vessels and double-hulled oil tankers. It built the first indigenous aircraft carriers for the Indian Navy, the . The company has Miniratna status. History Cochin Shipyard was incorporated in 1972 as a Government of India company, with the first phase of facilities coming online in 1982. In August 2012, the Government of India announced plans of divestment to raise capital of Rs. 15 billion for further expansion through an initial public offering (IPO) towards the end of the fiscal year. The government finalised the decision of stake sale on 18 November 2015. 33.9 million shares will be sold, out of which the government is holding shares while the others are fresh equity. However, this did not materialise until August 2017, when the company conducted its IPO and listed its shares on the BSE and NSE. Activities The yard has facilities to build vessels up to 1,10,000 deadweight tonnage (DWT) and repair vessels up to 1,25,000 DWT. Shipbuilding The first ship to roll out of the Cochin Shipyard was the MV Rani Padmini in 1981. The yard has delivered two of India's largest double-hull Aframax tankers each of . CSL has secured shipbuilding orders from internationally renowned companies from Europe and the Middle East. The shipyard is building six bulk carriers for Clipper Group of the Bahamas and the first three vessels have been launched. Eight platform supply vessels for the Norwegian Seatankers Management Company, are also under construction. INS Vikrant Cochin Shipyard built India's first indigenous aircraft carrier. (formerly, the Project 71 "Air Defence Ship") is the first aircraft carrier of the Indian Navy to be designed and built in India. The carrier will be the largest warship built by CSL. In February 2020, all major structural and outfitting work was declared complete. On 4 August, sea trials finally began. Five day long sea trials were successfully completed on 8 August 2021. On 2 September 2022, The ship was commissioned. Ship repair The shipyard started offering ship repair services in 1982 and has undertaken upgrades and repairs for all types of ships including ships for the oil exploration industry as well as scheduled maintenance