India's Government-run shipbuilder, Cochin Shipyard Limited (CSL) bagged an order for designing and constructing two 'zero-emission' medium-sized container vessels for a European logistics firm Samskip Group.

This is said to be one of the world’s first Zero Emission Feeder Container Vessels that will be powered using Hydrogen Fuel Cells and ultimately with Green Hydrogen. Fuel cells are devices that generate electricity through an electrochemical reaction, instead of combusting (burning) the fuel. In a fuel cell, hydrogen and oxygen are combined to generate electricity, heat, and water.

Feeder container vessels are regarded as medium-sized cargo vessels that load up containers from different ports, and take them to a larger container terminal, from where the containers are loaded onto a larger vessel for further transport. Samskip Group, headquartered in Rotterdam, Netherlands, offers the transport and related services by land, sea, rail and air, around the world, focusing on cost-efficient and environmentally friendly solutions.&nbsp;

Funded by the Norwegian Government's green funding programme and aimed at emission-free transport solutions, the total cost for two ships would be Rs.550cr or $70mn. Each of these ships can carry around 365 units of 45-foot long containers. Once operational, the vessels are intended to serve the European Market where sustainable transportation solutions are in high demand. The vessel deliveries are scheduled from Q3 2025 onwards. &nbsp;

According to CSL, while in 'zero-emission' mode each vessel is expected to achieve around 25,000 tons of CO2 reduction per year. The vessels are equipped with Hydrogen Fuel cells in a Hybrid power system with Diesel Generator backup for longer endurance. It will have an onboard storage facility for Hydrogen fuel and will be fitted with Azimuth thrusters for propulsion and high manoeuvrability. They will achieve zero emission operations in ports also by using green shore power at the port of call, CSL added.

India's CSL has been active in the international shipbuilding arena for more than two decades and has exported high-end vessels to countries such as Norway, the USA, Germany, the Netherlands, Denmark, and the Middle East.&nbsp; 
 
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India's Government-run shipbuilder, Cochin Shipyard Limited (CSL) bagged an order for designing and constructing two 'zero-emission' medium-sized container vessels for a European logistics firm Samskip Group.

India's Government-run shipbuilder, Cochin Shipyard Limited (CSL) bagged an order for designing and constructing two 'zero-emission' medium-sized container vessels for a European logistics firm Samskip Group. This is said to be one of the world’s first Zero Emission Feeder Container Vessels that will be powered using Hydrogen Fuel Cells and ultimately with Green Hydrogen. Fuel cells are devices that generate electricity through an electrochemical reaction, instead of combusting (burning) the fuel. In a fuel cell, hydrogen and oxygen are combined to generate electricity, heat, and water. Feeder container vessels are regarded as medium-sized cargo vessels that load up containers from different ports, and take them to a larger container terminal, from where the containers are loaded onto a larger vessel for further transport. Samskip Group, headquartered in Rotterdam, Netherlands, offers the transport and related services by land, sea, rail and air, around the world, focusing on cost-efficient and environmentally friendly solutions. Funded by the Norwegian Government's green funding programme and aimed at emission-free transport solutions, the total cost for two ships would be Rs.550cr or $70mn. Each of these ships can carry around 365 units of 45-foot long containers. Once operational, the vessels are intended to serve the European Market where sustainable transportation solutions are in high demand. The vessel deliveries are scheduled from Q3 2025 onwards. According to CSL, while in 'zero-emission' mode each vessel is expected to achieve around 25,000 tons of CO2 reduction per year. The vessels are equipped with Hydrogen Fuel cells in a Hybrid power system with Diesel Generator backup for longer endurance. It will have an onboard storage facility for Hydrogen fuel and will be fitted with Azimuth thrusters for propulsion and high manoeuvrability. They will achieve zero emission operations in ports also by using green shore power at the port of call, CSL added. India's CSL has been active in the international shipbuilding arena for more than two decades and has exported high-end vessels to countries such as Norway, the USA, Germany, the Netherlands, Denmark, and the Middle East. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

India's Cochin Shipyard bags $70 million order to build ‘zero-emission’ ships for Europe

Officials from Indian Navy and the Indian Government-run shipbuilder Cochin Shipyard Limited marked the commencement of the construction&nbsp;of two Anti-Submarine Warfare Shallow Water Crafts(ASW SWC) for the Navy. Known as "keel-laying", the ceremony is the formal recognition of a ship's construction. Once built and formally commissioned into the Indian Navy, these vessels (temporarily designated as BY524 and BY525) will undertake sub-surface surveillance in coastal areas to detect and neutralise underwater threats.

The Indian Government had awarded a contract for the construction of eight ASW SWCs, to the Cochin Shipyard, in line with the 'Aatmanirbhar Bharat'(self-reliant India) initiative to boost indigenous design, development and manufacturing.

At present, three ships of the eight in this series are under construction. The first vessel of this class had its keel laid in August 2022 and all vessels in this fleet are being built for a service life of 25 years. According to the Indian Navy, all major and auxiliary systems for these vessels have been sourced from indigenous manufacturers.

Cochin Shipyard Limited has built India's most complex and expensive warship, the indigenous aircraft carrier Vikrant, which was formally commissioned into the Indian Navy on September 2nd 2022. While the aircraft carrier has been commissioned into the Navy, it would be more than a year before it can undertake active duties, as integrations of various weapons, systems and technologies have to be carried out and tested.

Recently, the Indian Navy announced that they had successfully conducted landings and take-offs of the indigenous single-engine Naval Light combat aircraft and the Russian-origin Mig-29K carrier-borne twin-engine fighter.

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Officials from Indian Navy and the Indian Government-run shipbuilder Cochin Shipyard Limited marked the commencement of the construction of two Anti-Submarine Warfare Shallow Water Crafts(ASW SWC) for the Navy.

Officials from Indian Navy and the Indian Government-run shipbuilder Cochin Shipyard Limited marked the commencement of the construction of two Anti-Submarine Warfare Shallow Water Crafts(ASW SWC) for the Navy. Known as "keel-laying", the ceremony is the formal recognition of a ship's construction. Once built and formally commissioned into the Indian Navy, these vessels (temporarily designated as BY524 and BY525) will undertake sub-surface surveillance in coastal areas to detect and neutralise underwater threats. The Indian Government had awarded a contract for the construction of eight ASW SWCs, to the Cochin Shipyard, in line with the 'Aatmanirbhar Bharat'(self-reliant India) initiative to boost indigenous design, development and manufacturing. At present, three ships of the eight in this series are under construction. The first vessel of this class had its keel laid in August 2022 and all vessels in this fleet are being built for a service life of 25 years. According to the Indian Navy, all major and auxiliary systems for these vessels have been sourced from indigenous manufacturers. Cochin Shipyard Limited has built India's most complex and expensive warship, the indigenous aircraft carrier Vikrant, which was formally commissioned into the Indian Navy on September 2nd 2022. While the aircraft carrier has been commissioned into the Navy, it would be more than a year before it can undertake active duties, as integrations of various weapons, systems and technologies have to be carried out and tested. Recently, the Indian Navy announced that they had successfully conducted landings and take-offs of the indigenous single-engine Naval Light combat aircraft and the Russian-origin Mig-29K carrier-borne twin-engine fighter. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

India: Cochin Shipyard commences construction of 2 Anti-submarine warfare crafts for navy

The ceremonial 'steel cutting' was performed for two 7000-ton vessels being built by India's government-run Cochin Shipyard Limited (CSL), for a German firm.&nbsp;

Steel cutting is the first tangible step of the shipbuilding process, where the shipbuilder and customer press the start button of a laser cutter that cuts that steel sheet that ends up on the vessel's hull.&nbsp;

CSL is building eight multi-purpose vessels for HS Schiffarts group and this also marks the foray of the Indian shipbuilder into the European Shortsea shipping market, where similar vessels play a crucial logistics role between the North Sea and the Mediterranean sea.&nbsp;

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Ceremonial ‘steel cutting’(1st step of shipbuilding) carried out for two 7K ton cargo vessels being built by <a href="https://twitter.com/cslcochin?ref_src=twsrc%5Etfw">@cslcochin</a> for <a href="https://twitter.com/hashtag/german?src=hash&amp;ref_src=twsrc%5Etfw">#german</a> firm HS Schiffarts group..total 8 multi-purpose vessels being built 
 
Each vessel to be 110x16.5m <a href="https://twitter.com/hashtag/india?src=hash&amp;ref_src=twsrc%5Etfw">#india</a> <a href="https://twitter.com/hashtag/kerala?src=hash&amp;ref_src=twsrc%5Etfw">#kerala</a> <a href="https://twitter.com/hashtag/shipping?src=hash&amp;ref_src=twsrc%5Etfw">#shipping</a> <a href="https://twitter.com/hashtag/infrastructure?src=hash&amp;ref_src=twsrc%5Etfw">#infrastructure</a> <a href="https://twitter.com/hashtag/Europe?src=hash&amp;ref_src=twsrc%5Etfw">#Europe</a> <a href="https://t.co/Uhk7Bd09fN">pic.twitter.com/Uhk7Bd09fN</a>
— Sidharth.M.P (@sdhrthmp) <a href="https://twitter.com/sdhrthmp/status/1621162086255697921?ref_src=twsrc%5Etfw">February 2, 2023</a></blockquote>
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Measuring 110 meters in length, and 16.5 meters in breadth, with a carrying capacity of 7,000tons, each of these vessels will be arranged and equipped for ferrying heavy cargo such as steel coils, containers, timber, paper, coal, grain and other goods worldwide service trade.&nbsp;

These Ice Class Vessels (built to help navigate through sea ice) are designed by Groot Ship Design Netherlands, with detailed engineering being carried out by CSL.&nbsp;

The vessels will be built under DNV Classification (safety, quality standards) under the flag of Portugal, meeting all the latest rule requirements.&nbsp;

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The ceremonial 'steel cutting' was performed for two 7000-ton vessels being built by India's government-run Cochin Shipyard Limited (CSL), for a German firm. Steel cutting is the first tangible step of the shipbuilding process, where the shipbuilder and customer press the start button of a laser cutter that cuts that steel sheet that ends up on the vessel's hull.

The ceremonial 'steel cutting' was performed for two 7000-ton vessels being built by India's government-run Cochin Shipyard Limited (CSL), for a German firm. Steel cutting is the first tangible step of the shipbuilding process, where the shipbuilder and customer press the start button of a laser cutter that cuts that steel sheet that ends up on the vessel's hull. CSL is building eight multi-purpose vessels for HS Schiffarts group and this also marks the foray of the Indian shipbuilder into the European Shortsea shipping market, where similar vessels play a crucial logistics role between the North Sea and the Mediterranean sea. Ceremonial ‘steel cutting’(1st step of shipbuilding) carried out for two 7K ton cargo vessels being built by @cslcochin for #german firm HS Schiffarts group..total 8 multi-purpose vessels being built Each vessel to be 110x16.5m #india #kerala #shipping #infrastructure #Europe pic.twitter.com/Uhk7Bd09fN — Sidharth.M.P (@sdhrthmp) February 2, 2023 × Measuring 110 meters in length, and 16.5 meters in breadth, with a carrying capacity of 7,000tons, each of these vessels will be arranged and equipped for ferrying heavy cargo such as steel coils, containers, timber, paper, coal, grain and other goods worldwide service trade. These Ice Class Vessels (built to help navigate through sea ice) are designed by Groot Ship Design Netherlands, with detailed engineering being carried out by CSL. The vessels will be built under DNV Classification (safety, quality standards) under the flag of Portugal, meeting all the latest rule requirements. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

India's Cochin shipyard commences construction process for 2 ships for Germany

India's state-run Cochin Shipyard Limited delivered the second 500-passenger vessel meant for sailing between the Andaman and Nicobar archipelago, off India's East Coast. The vessel named 'Nalanda', which has been handed over to the Andaman &amp; Nicobar Administration is also capable of ferrying 150tons of cargo to the remote islands.&nbsp;

Manned by a 61-member crew, the vessel is provided with deluxe cabins, first-class cabins, second-class cabins, bunk class and eating class that can accommodate a total of 500 passengers. The vessel is equipped with a modern cafeteria, recreation rooms, gymnasium&nbsp;and library besides other modern amenities meant for passengers and tourists.&nbsp;

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Nalanda is a 500-passenger vessel built in <a href="https://twitter.com/hashtag/india?src=hash&amp;ref_src=twsrc%5Etfw">#india</a> by ⁦<a href="https://twitter.com/cslcochin?ref_src=twsrc%5Etfw">@cslcochin</a>⁩ for ⁦<a href="https://twitter.com/Andaman_Admin?ref_src=twsrc%5Etfw">@Andaman_Admin</a>⁩ 
 
Vessel can sail at 16knots, ferry 500pax , 61crew &amp; 150tons cargo between A&amp;N islands.. it is equipped with deluxe cabins, cafe, gym, library etc. <a href="https://twitter.com/hashtag/ship?src=hash&amp;ref_src=twsrc%5Etfw">#ship</a> <a href="https://twitter.com/hashtag/andaman?src=hash&amp;ref_src=twsrc%5Etfw">#andaman</a> <a href="https://twitter.com/hashtag/kochi?src=hash&amp;ref_src=twsrc%5Etfw">#kochi</a> <a href="https://twitter.com/hashtag/ferry?src=hash&amp;ref_src=twsrc%5Etfw">#ferry</a> <a href="https://t.co/mFZ4JPC73E">pic.twitter.com/mFZ4JPC73E</a>
— Sidharth.M.P (@sdhrthmp) <a href="https://twitter.com/sdhrthmp/status/1544662506068553728?ref_src=twsrc%5Etfw">July 6, 2022</a></blockquote>
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The basic design of these vessels has been developed using renowned Naval Architects Knud E Hansen of Denmark. collaborating with an Indian partner M/s Smart Engineering and Design Solution, Kochi. The detail production engineering design has been carried out by CSL, bringing international technology under the ambit of 'Make in India'. With its expanded facilities in India’s East and West coast, including the new facility in Andaman, Cochin Shipyard will provide full life cycle support for the vessel's efficient operation.&nbsp;

With the capability to cruise at 16 knots, the vessel is built to the highest standards of the Indian Register of Shipping and American Bureau of Shipping and is customized for Indian requirements.

India's state-run Cochin Shipyard Limited delivered the second 500-passenger vessel meant for sailing between the Andaman and Nicobar archipelago, off India's East Coast.

India's state-run Cochin Shipyard Limited delivered the second 500-passenger vessel meant for sailing between the Andaman and Nicobar archipelago, off India's East Coast. The vessel named 'Nalanda', which has been handed over to the Andaman & Nicobar Administration is also capable of ferrying 150tons of cargo to the remote islands. Manned by a 61-member crew, the vessel is provided with deluxe cabins, first-class cabins, second-class cabins, bunk class and eating class that can accommodate a total of 500 passengers. The vessel is equipped with a modern cafeteria, recreation rooms, gymnasium and library besides other modern amenities meant for passengers and tourists. Nalanda is a 500-passenger vessel built in #india by ⁦@cslcochin⁩ for ⁦@Andaman_Admin⁩ Vessel can sail at 16knots, ferry 500pax , 61crew & 150tons cargo between A&N islands.. it is equipped with deluxe cabins, cafe, gym, library etc. #ship #andaman #kochi #ferry pic.twitter.com/mFZ4JPC73E — Sidharth.M.P (@sdhrthmp) July 6, 2022 × The basic design of these vessels has been developed using renowned Naval Architects Knud E Hansen of Denmark. collaborating with an Indian partner M/s Smart Engineering and Design Solution, Kochi. The detail production engineering design has been carried out by CSL, bringing international technology under the ambit of 'Make in India'. With its expanded facilities in India’s East and West coast, including the new facility in Andaman, Cochin Shipyard will provide full life cycle support for the vessel's efficient operation. With the capability to cruise at 16 knots, the vessel is built to the highest standards of the Indian Register of Shipping and American Bureau of Shipping and is customized for Indian requirements.

India: State-run Cochin shipyard delivers 500-passenger vessel for Andaman archipelago

In a historic development for Indian shipbuilding, the Cochin Shipyard Limited (CSL) has built two Autonomous Electric barges for a Norwegian customer ASKO Maritime AS.

2 autonomous electric barges built at the Cochin Shipyard to Norway

In a historic development for Indian shipbuilding, the state-run Cochin Shipyard Limited (CSL) has built and delivered two Autonomous Electric barges for a Norwegian customer ASKO Maritime AS. Partially funded by the Norwegian Government, this is a part of a green shipping programme that will facilitate emission-free transport of goods across the Oslo fjords. ASKO Maritime, a leading supermarket chain in Norway and aims to achieve Zero Carbon emission goals in its logistic service by 2026.&nbsp;

A fjord is a long, deep, narrow body of water that reaches far inland. Fjords are often set in a U-shaped valley with steep walls of rock on either side, such natural formations are found mainly in Norway, Chile, New Zealand, Canada, Greenland, and the U.S. state of Alaska.&nbsp;

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In a 1st for <a href="https://twitter.com/hashtag/Indian?src=hash&amp;ref_src=twsrc%5Etfw">#Indian</a> shipbuilding, state-run <a href="https://twitter.com/cslcochin?ref_src=twsrc%5Etfw">@cslcochin</a> builds &amp; delivers 2 Autonomous Electric barges for use in <a href="https://twitter.com/hashtag/Oslo?src=hash&amp;ref_src=twsrc%5Etfw">#Oslo</a> <a href="https://twitter.com/hashtag/Norway?src=hash&amp;ref_src=twsrc%5Etfw">#Norway</a> fjords 
 
67-m long, each barge can ferry 450tons, powered by🔋1846kWh 
Barges loaded onto mother ship, which'll set sail for Norway from <a href="https://twitter.com/hashtag/Kochi?src=hash&amp;ref_src=twsrc%5Etfw">#Kochi</a> <a href="https://twitter.com/hashtag/Kerala?src=hash&amp;ref_src=twsrc%5Etfw">#Kerala</a> <a href="https://t.co/ebOfFK13vK">pic.twitter.com/ebOfFK13vK</a>
— Sidharth.M.P (@sdhrthmp) <a href="https://twitter.com/sdhrthmp/status/1541724686643765248?ref_src=twsrc%5Etfw">June 28, 2022</a></blockquote>
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Christened after star Norwegian Olympians, the barges 'Marit' and 'Therese' are 67-meters-long and are full-electric transport ferries powered by a 1846kWh capacity battery. After the commissioning of autonomous equipment and field trials in Norway, these vessels will operate as fully autonomous ferries of ASKO that can transport 16 fully-loaded Standard EU trailers(around 450tons) in one go across the fjords.&nbsp;

Queried about the number of ships that CSL has delivered to foreign customers, Shivram N, General Manager, Business Development told WION that they numbered more than 40. He also added that, in the case of the two Norwegian barges, the basic autonomous equipment has been fitted at CSL and all necessary outfitting and cabling were done here. However, the advanced sensors would be progressively installed in Norway.

Designed by Naval Dynamics, Norway using Kongsberg Maritime systems, these vessels were built at CSL with detailed engineering carried out by CSL. These vessels are built under DNV GL Classification and flagged in Norway, under the rule regulations of the Norwegian Maritime Authority. Once in operation, these vessels will create a new benchmark for the merchant shipping world in the field of Autonomous Vessels with Zero Carbon Emission.

In a first-of-its-kind event, the two vessels will be transported in a yacht transport carrier to Norway. The newly built vessels were loaded to a large mother ship on Sunday and the mother ship is expected to set sail from Kochi on Tuesday and would reach Norway in about a month.&nbsp;

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In a historic development for Indian shipbuilding, the state-run Cochin Shipyard Limited (CSL) has built and delivered two Autonomous Electric barges for a Norwegian customer ASKO Maritime AS.

In a historic development for Indian shipbuilding, the state-run Cochin Shipyard Limited (CSL) has built and delivered two Autonomous Electric barges for a Norwegian customer ASKO Maritime AS. Partially funded by the Norwegian Government, this is a part of a green shipping programme that will facilitate emission-free transport of goods across the Oslo fjords. ASKO Maritime, a leading supermarket chain in Norway and aims to achieve Zero Carbon emission goals in its logistic service by 2026. A fjord is a long, deep, narrow body of water that reaches far inland. Fjords are often set in a U-shaped valley with steep walls of rock on either side, such natural formations are found mainly in Norway, Chile, New Zealand, Canada, Greenland, and the U.S. state of Alaska. In a 1st for #Indian shipbuilding, state-run @cslcochin builds & delivers 2 Autonomous Electric barges for use in #Oslo #Norway fjords 67-m long, each barge can ferry 450tons, powered by🔋1846kWh Barges loaded onto mother ship, which'll set sail for Norway from #Kochi #Kerala pic.twitter.com/ebOfFK13vK — Sidharth.M.P (@sdhrthmp) June 28, 2022 × Christened after star Norwegian Olympians, the barges 'Marit' and 'Therese' are 67-meters-long and are full-electric transport ferries powered by a 1846kWh capacity battery. After the commissioning of autonomous equipment and field trials in Norway, these vessels will operate as fully autonomous ferries of ASKO that can transport 16 fully-loaded Standard EU trailers(around 450tons) in one go across the fjords. Queried about the number of ships that CSL has delivered to foreign customers, Shivram N, General Manager, Business Development told WION that they numbered more than 40. He also added that, in the case of the two Norwegian barges, the basic autonomous equipment has been fitted at CSL and all necessary outfitting and cabling were done here. However, the advanced sensors would be progressively installed in Norway. Designed by Naval Dynamics, Norway using Kongsberg Maritime systems, these vessels were built at CSL with detailed engineering carried out by CSL. These vessels are built under DNV GL Classification and flagged in Norway, under the rule regulations of the Norwegian Maritime Authority. Once in operation, these vessels will create a new benchmark for the merchant shipping world in the field of Autonomous Vessels with Zero Carbon Emission. In a first-of-its-kind event, the two vessels will be transported in a yacht transport carrier to Norway. The newly built vessels were loaded to a large mother ship on Sunday and the mother ship is expected to set sail from Kochi on Tuesday and would reach Norway in about a month. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Watch: In a first, India's Cochin Shipyard builds and delivers autonomous electric barges for Norway

National Investigation Agency (NIA) has arrested two main accused a year after a security breach in the Cochin Shipyard. The duo stole key computer hardware components from India's indigenously built Aircraft Carrier INS vikrant in August 2019.

Also read:&nbsp;<a href="https://www.wionews.com/india-news/gujarats-gir-forest-witnesses-steep-rise-in-asiatic-lions-pm-modi-lauds-the-achievement-305109" hreflang="en">Gujarat's Gir forest witnesses steep rise in Asiatic Lions, PM Modi lauds the achievement</a>&nbsp;

The items stolen included five micro-processors, 10 RAMs and five solid-state drives from the multi-functional consoles aboard the ship. The multi-functional consoles play a major role in forming part of the Integrated Platform Management System (IPMS) of the Project.

The duo has been identified as 23-year-old Sumit Kumar Singh who lives in Bihar's Munder and 22-year-old Daya Ram, who is a resident of Rajasthan's Hanumangarh. They worked as painters at the shipyard and were caught in their homes.&nbsp;

The NIA conducted multiple searches in Bihar, Rajasthan and Gujarat on Wednesday and retreived some of the stolen items. The convicts sold one of the har drives on OLX, which is a digital platform to sell goods.&nbsp;

A top NIA officer said, "The NIA was brought in as it was suspected to be a case of sabotage." Finding the accused was like finding a needle in the haystack. The officer said, "Cochin shipyard has hundreds of contractors with 100 employees each."

NIA conducted a thorough investigation where they collected fingerprints and palm prints of 5,000 workers working on IAC during that period and examined them. They even announced to award Rs 5 lakhs to anybody who provides lead in the case.&nbsp;

The duo basically wanted to make money by selling these parts but could only manage Rs 10,000 after they sold an industrial hard drive on OLX. The NIA will try to recover the hard drive from the customer. &nbsp;

The construction of INS Vikrant began on 2009 and is aimed to be completed and commissioned by 2021.&nbsp;

National Investigation Agency (NIA) has arrested two main accused a year after a security breach in the Cochin Shipyard. The duo stole key computer hardware components from India's indigenously built Aircraft Carrier INS vikrant in August 2019.

National Investigation Agency (NIA) has arrested two main accused a year after a security breach in the Cochin Shipyard. The duo stole key computer hardware components from India's indigenously built Aircraft Carrier INS vikrant in August 2019. Also read: Gujarat's Gir forest witnesses steep rise in Asiatic Lions, PM Modi lauds the achievement The items stolen included five micro-processors, 10 RAMs and five solid-state drives from the multi-functional consoles aboard the ship. The multi-functional consoles play a major role in forming part of the Integrated Platform Management System (IPMS) of the Project. The duo has been identified as 23-year-old Sumit Kumar Singh who lives in Bihar's Munder and 22-year-old Daya Ram, who is a resident of Rajasthan's Hanumangarh. They worked as painters at the shipyard and were caught in their homes. The NIA conducted multiple searches in Bihar, Rajasthan and Gujarat on Wednesday and retreived some of the stolen items. The convicts sold one of the har drives on OLX, which is a digital platform to sell goods. A top NIA officer said, "The NIA was brought in as it was suspected to be a case of sabotage." Finding the accused was like finding a needle in the haystack. The officer said, "Cochin shipyard has hundreds of contractors with 100 employees each." NIA conducted a thorough investigation where they collected fingerprints and palm prints of 5,000 workers working on IAC during that period and examined them. They even announced to award Rs 5 lakhs to anybody who provides lead in the case. The duo basically wanted to make money by selling these parts but could only manage Rs 10,000 after they sold an industrial hard drive on OLX. The NIA will try to recover the hard drive from the customer. The construction of INS Vikrant began on 2009 and is aimed to be completed and commissioned by 2021.

NIA arrests two for stealing key components from INS Vikrant, sold hard drive on OLX

Cochin Shipyard Ltd (CSL) said it has emerged as the lowest bidder for a project of the Indian Navy and the Rs 5,400 crore contract for eight vessels is likely to be concluded after due process.

&ldquo;CSL has received communication from the Integrated Headquarters, Ministry of Defence (Navy) that the Company has emerged as the L1 bidder for 16 X ASW SWC Project for the Indian Navy,&rdquo; the company said in a filing to BSE.

The contract for eight vessels at a cost of about Rs 5,400 crore is expected to be concluded with the Ministry of Defence after due process, it said. The company said the order was bagged against a competitive tender issued by the ministry in which both private and public sector yards had participated.

CSL is the only shipyard in India that can build up to 1,10,000 DWT (deadweight tonnes) with a track record of making tankers, bulk carriers, port crafts and passenger vessels, among others.

The company is into constructing platform supply vessels for exports and aircraft carrier for the Indian Navy.

According to CSL, it is the only shipyard in the country which can fix vessels up to 1,25,000 DWT, and repair an air defence ship.

India&rsquo;s first indigenous aircraft carrier, INS Vikrant, is in its final stage of construction at CSL.

CSL completed its landmark IPO in August, attracting more than Rs 1.11 lakh crore as against the offer size of Rs 1,442 crore. The company, which is under the shipping ministry, was listed on BSE and NSE on August 11 this year. The CSL stock gained nearly 11 per cent to close at 572.40 on BSE.

The contract for eight vessels at a cost of about Rs 5,400 crore is expected to be concluded with the Ministry of Defence after due process

Cochin Shipyard Ltd (CSL) said it has emerged as the lowest bidder for a project of the Indian Navy and the Rs 5,400 crore contract for eight vessels is likely to be concluded after due process. “CSL has received communication from the Integrated Headquarters, Ministry of Defence (Navy) that the Company has emerged as the L1 bidder for 16 X ASW SWC Project for the Indian Navy,” the company said in a filing to BSE. The contract for eight vessels at a cost of about Rs 5,400 crore is expected to be concluded with the Ministry of Defence after due process, it said. The company said the order was bagged against a competitive tender issued by the ministry in which both private and public sector yards had participated. CSL is the only shipyard in India that can build up to 1,10,000 DWT (deadweight tonnes) with a track record of making tankers, bulk carriers, port crafts and passenger vessels, among others. The company is into constructing platform supply vessels for exports and aircraft carrier for the Indian Navy. According to CSL, it is the only shipyard in the country which can fix vessels up to 1,25,000 DWT, and repair an air defence ship. India’s first indigenous aircraft carrier, INS Vikrant, is in its final stage of construction at CSL. CSL completed its landmark IPO in August, attracting more than Rs 1.11 lakh crore as against the offer size of Rs 1,442 crore. The company, which is under the shipping ministry, was listed on BSE and NSE on August 11 this year. The CSL stock gained nearly 11 per cent to close at 572.40 on BSE.

Cochin Shipyard lowest bidder for Navy contract

Cochin&nbsp;Shipyard shares rose more than 20 per cent on their trading debut on Friday after a $225 million initial public offering, as investors bet on strong growth prospects for the state-run company buoyed by a flagship government programme and push to localise defence manufacturing.

The stock was trading at 514 rupees by 0600 GMT, 19 per cent higher than its IPO issue price of 432 rupees, having risen to a high of 528.15 rupees. Retail investors were issued shares at a discounted price of 411 rupees.

India, the world&#39;s fifth-biggest defence spender last year, is expected to spend $250 billion over the next decade to modernise its armed forces, and Prime Minister Narendra Modi wants new deals to involve a share of local production to help the country grow its nascent defence industry.

Cochin&nbsp;Shipyard, the largest state-run&nbsp;shipyard&nbsp;in terms of dock capacity, gets majority of its revenue from defence sector clients.

The company, which also operates in the commercial segment, plans to double its capacity by adding a stepped dry dock and an international ship repair facility from the 9.4 billion rupees it received from the IPO.

&quot;The company has a very strong balance sheet and they have the best capital allocation in this industry. They are also now moving more towards the ship repair business, which has almost twice the margins as in the shipbuilding business,&quot; said Jaikishan Parmar, senior equity analyst at Mumbai&#39;s Angel Broking.

&quot;Going ahead, the kind of orders they get will be key, but expect the stock to do well in the short to medium term,&quot; he said.

The company&#39;s IPO last week had been subscribed more than 76 times.

The Indian government, which fully owned the shipbuilder before the IPO, sold part of the stake in the offering and will own 75 per cent of the company after the new shares issue.

India&#39;s IPO market has been strong this year with $2.6 billion worth of initial share sales in the first half. A host of state-run company IPOs including that of General Insurance Corp is set to hit the market in the coming months.

&nbsp;

Cochin?Shipyard shares rose more than 20 per cent on their trading debut on Friday after a $225 million initial public offering

Cochin Shipyard shares rose more than 20 per cent on their trading debut on Friday after a $225 million initial public offering, as investors bet on strong growth prospects for the state-run company buoyed by a flagship government programme and push to localise defence manufacturing. The stock was trading at 514 rupees by 0600 GMT, 19 per cent higher than its IPO issue price of 432 rupees, having risen to a high of 528.15 rupees. Retail investors were issued shares at a discounted price of 411 rupees. India, the world's fifth-biggest defence spender last year, is expected to spend $250 billion over the next decade to modernise its armed forces, and Prime Minister Narendra Modi wants new deals to involve a share of local production to help the country grow its nascent defence industry. Cochin Shipyard, the largest state-run shipyard in terms of dock capacity, gets majority of its revenue from defence sector clients. The company, which also operates in the commercial segment, plans to double its capacity by adding a stepped dry dock and an international ship repair facility from the 9.4 billion rupees it received from the IPO. "The company has a very strong balance sheet and they have the best capital allocation in this industry. They are also now moving more towards the ship repair business, which has almost twice the margins as in the shipbuilding business," said Jaikishan Parmar, senior equity analyst at Mumbai's Angel Broking. "Going ahead, the kind of orders they get will be key, but expect the stock to do well in the short to medium term," he said. The company's IPO last week had been subscribed more than 76 times. The Indian government, which fully owned the shipbuilder before the IPO, sold part of the stake in the offering and will own 75 per cent of the company after the new shares issue. India's IPO market has been strong this year with $2.6 billion worth of initial share sales in the first half. A host of state-run company IPOs including that of General Insurance Corp is set to hit the market in the coming months.

Cochin Shipyard makes strong market debut after IPO

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