state owned 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. 1799
order to finance these projects it has proposed to issue Initial Public Offer
(IPO). The entire proceeds of the funds
raised through IPOs will be used for partial funding of the projects.
The information was
given by Minster of State for Shipping and Road Transport and Highways, Mansukh
L Mandaviya in a written reply to a question in the Rajya Sabha on July 18.