Cochin Ship­yard bids for as­sets of Hooghly Dock

Maritime Gateway - - News -

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.

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