Kochi, May 2025 — In a major stride for India’s maritime defense preparedness, Cochin Shipyard Limited (CSL) is making steady progress on the construction of eight Anti-Submarine Warfare Shallow Water Craft (ASW SWC) Corvettes for the Indian Navy. The vessels form a critical component of India’s indigenous defense manufacturing push under the Make-in-India initiative.
Valued at over ₹15,000 crore, the project represents one of the most advanced and strategically significant shipbuilding programs currently underway in the country. These compact yet powerful warships are designed for high-speed maneuverability in shallow coastal waters, equipped with state-of-the-art sonar and weapon systems for anti-submarine operations.
As of early 2024:
- Vessels 1, 2, and 3 have already been launched, with machinery outfitting in progress.
- Vessels 4 and 5 have had their keels laid, and hull block erection is ongoing.
- Vessels 6, 7, and 8 are in the advanced stages of block fabrication, steadily moving toward assembly.
The ASW corvettes are expected to significantly strengthen the Navy’s ability to detect and neutralize underwater threats along India’s vast coastline and critical shipping lanes. Their development underscores CSL’s evolving role in supporting India’s defense objectives through advanced shipbuilding capabilities.
Cochin Shipyard: 6 High-Tech Features Making its Ships World-Class: Cochin Shipyard News: CSL Builds 8 ASW Corvettes for Indian NavyThe program also aligns with the national goal of achieving self-reliance in defense manufacturing, reducing dependency on foreign suppliers, and enhancing indigenous design and engineering capacity. With CSL leading the construction effort, the project not only contributes to national security but also stimulates the domestic defense ecosystem through job creation and technology transfer.
This initiative stands as a key milestone in India’s journey toward becoming a maritime power with homegrown strength, reflecting the convergence of strategic foresight, industrial growth, and technological advancement.
In Q4 FY25, Cochin Shipyard’s sales surged 35% year-on-year to ₹1,651 crore, while net profit rose 8% to ₹285 crore, reflecting strong topline growth and resilient bottom-line performance despite margin pressure.
The stock is currently trading at 2035. Up 72% from its yearly low and trading above both 50 DMA and 200 DMA as on 16th May 2025.
Disclaimer: I am not a SEBI-registered investment advisor. The information provided in this blog is for educational and informational purposes only and should not be considered as financial advice. Please consult a qualified professional before making any investment decisions.