The Government of India has announced Offer for Sale (OFS) in Cochin Shipyard Limited. The government will sell 2.52% stake in the company at a floor price of ₹1400 per share, which also includes an option to sell an additional 2.52% stake if oversubscribed.
New Delhi [भारत]July 7 (ANI): The Government of India on Monday announced an Offer for Sale (OFS) in Cochin Shipyard Limited, with the floor price set at Rs 1,400 per share. The government will sell its base stake of 2.52 percent in this government shipbuilder company. Additionally, an option to sell additional 2.52 per cent stake under green-shoe option in case of oversubscription has also been included.
“Government has announced an Offer for Sale in Cochin Shipyard Limited (CSL) comprising a base offer of 2.52% paid-up equity and an additional 2.52% as green-shoe option in case of oversubscription,” the Secretary of the Department of Investment and Public Asset Management (DIPAM) said in a post on X. The secretary further said, “The floor price has been fixed at Rs 1400 per share. The OFS will open for non-retail investors on July 7, 2026. Retail investors will be able to bid on July 8, 2026.”
Government initiatives to strengthen the maritime sector
India’s maritime sector plays an important role in the country’s economy, as about 95 percent of trade by volume and about 70 percent by value is carried through sea routes.
The government has launched several initiatives to strengthen this sector. The Maritime Development Fund (MDF) with a corpus of Rs 25,000 crore aims to provide long-term financing to boost shipping capacity and shipbuilding.
The Revised Shipbuilding Financial Assistance Scheme (SBFAS) with an outlay of Rs 24,736 crore aims to overcome cost disadvantages for domestic shipbuilders and promote ship-breaking.
The Shipbuilding Development Scheme (SbDS) with an outlay of Rs 19,989 crore focuses on developing new shipbuilding clusters, expanding shipyards and providing risk coverage.
The government is also setting up the Indian Ship Technology Center (ISTC) at Visakhapatnam at a cost of Rs 305 crore. This center will focus on ship design, research and development, engineering and skill development.
Maritime Amrit Kaal Vision 2047
The Maritime Amrit Kaal Vision 2047 serves as the government’s long-term roadmap for the sector. It envisages an investment of about Rs 80 lakh crore in ports, coastal shipping, inland waterways, shipbuilding and green shipping initiatives.
The vision also includes measures such as green shipping corridors, green hydrogen bunkering at major ports and promotion of methanol-fuelled ships. It outlines over 300 initiatives that aim to make India one of the world’s leading maritime and shipbuilding nations by 2047. (ANI)
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