Cochin Shipyard bids for assets of Hooghly Dock
Cochin Shipyard Ltd (CSL) is looking to take over the assets of defunct shipyard Hooghly Dock and Port Engineers Ltd (HDPEL) and has placed a bid under its revival plan. The move will help CSL foray into the inland water space. “We are looking at forming a joint venture, but moving strongly into the inland water space. We have bid for HDPEL’S tender for the upgradation, operation, maintenance and management of two of its shipyards at Salkia and Nazirgunge,” Madhu S. Nair, CMD, CSL said.
Kolkata-based HDPEL’S Salkia and Nazirgunge shipyards are located at Howrah, West Bengal. The Indian Government had accorded in-principle approval for formation of joint venture of HDPEL with a player selected through a bidding process as part of its rehabilitation - cum restructuring exercise.