Cochin Shipyard will hold a meeting of the Board of Directors of the Company on 8 October 2018.

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Cochin Shipyard has paid dividend of Rs. 122.34 crore to Government of India on 21 August 2018. After the Initial Public Offer of equity shares of CSL, the Govt. of India holds 75% in the equity share capital of CSL and the balance 25% is held by the general public. The Company is paying dividend for the tenth consecutive year.

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Cochin Shipyard announced that as the flood situation remains alarming in Kerala much of downtown Kochi including Cochin Shipyard have been unaffected. The company's plant and machinery remained safe and did not suffer adverse impact of the inclement weather.

Cochin Shipyard also contributed its might for the extensive relief work which is proceeding on war-footing to save those who are caught up in the present situation. As an immediate measure, the company will be contributing Rs. 1 crore towards the Chief Minister's relief fund under the company's CSR fund. Apart from this, all employees have contributed their one day's salary and all executives have contributed two day's salary for the rehabilitation of the flood victims. The company is also rendering full support to relief camps by way of supplying essentials like prepared food, provisions, personal effects etc.

The company will be considering further support towards rehabilitation in the due course.

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Net profit of Cochin Shipyard rose 16.62% to Rs 106.31 crore in the quarter ended June 2018 as against Rs 91.16 crore during the previous quarter ended June 2017. Sales rose 18.42% to Rs 658.73 crore in the quarter ended June 2018 as against Rs 556.25 crore during the previous quarter ended June 2017.

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