Cochin Shipyard commissioned INS Mangrol into the Indian Navy, third of eight ships in the series, with CMD discussing order book, growth plans and new facilities

Mon 12 Oct 2026

Order book

22,000 crore rupees

Revenue growth target

12 percent

Deliveries planned this year

10 deliveries

Defense revenue share

70 percent

Commercial/export revenue share

30 percent

Heard on business television between 12:14:55 - 12:17:55 IST.

• CMD Jose V.J. said INS Mangrol is the third ship delivered out of eight in the series, with the next one also getting ready for delivery.
• Said company targets 10 deliveries this year and expects around 12% year-on-year revenue growth to continue in second half.
• Order book stands at 22,000 crore rupees; company is bidding aggressively under government's demand aggregation program and talking to European clients for export orders.
• Setting up ship repair facility in Vadinar and taking 110 acres in Tuticorin for a hybrid shipyard for shipbuilding and repair.
• Defense currently constitutes about 70% of business and commercial/export 30%, with aim to move to a 50-50 portfolio; company holds about 40% of India's ship repair market and sees Dry Dock World JV (50-50) improving international orders; mentioned 69,000 crore government package to drive future growth.

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