/ Cochin Shipyard Proposes To Issue IPO ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 18 July 2017

The Cochin Shipyard Limited (CSL) has embarked upon two major infrastructure expansion projects, International Ship Repair Facility at a cost of Rs 970 crore, and construction of new Dry Dock with a cost of Rs 1,799 crore. In order to finance these projects, it has proposed to issue Initial Public Offer (IPO), said a release by the Ministry of Shipping.

The entire proceeds of the funds raised through IPOs will be used for partial funding of the projects, the statement said. 

This information was given by Minister of State for Shipping and Road Transport and Highways, Mansukh L Mandaviya in a written reply to a question in the Rajya Sabha on Tuesday.

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