Cochin Shipyard bags ‘MOU Excellence Award’
KOCHI: Cochin Shipyard Ltd (CSL) has been conferred with the MOU Excellence Award to fecilitate the PSU’s performance during 2008-09.
The award was presented by the Prime Minister, Dr Manmohan Singh, to the company’s officiating Chairman and Managing Director and Director (Operations), Mr K. Subramaniam, at a function in New Delhi on Wednesday.
According to a company press release, CSL has witnessed record growth in the last five years. Income from ship-building increased 4.5 times from Rs 222 crore in 2005-06 to Rs 1,012 crore in 2009-10.
Similarly, its total turnover increased almost four-fold from Rs 370 crore to Rs 1,200 crore. Net profit increased 12 times from Rs 18 crore to Rs 223 crore, the release said. — PTI
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