With regards to ship repairing facility, the company expects to post 30-35% growth in FY19 as well, said Madhu S Nair, Chief Managing Director, Cochin Shipyard.

Speaking to CNBC-TV18,he said in FY18 they had received some naval orders but no larger orders. However, in FY19, they expect some big ticket orders in the ship repair segment. The company posted an impressive 30% compound annual growth rate (CAGR) over the last five years in ship repair segment.

Nair said they have two capex plans underway, first is the new ship repair facility and it's progressing well. The completion period is 24 months from October, 2017.

The second, they are building a dry dock and the construction contract for the same has been awarded. It's 36-months construction contract, which kicks in from this month.

The revenues will start flowing as soon as the ship repair facility is completed by the end of 2019. The facility will add capacity to the tune of 82 ships per year, but in first year of operation, we expect 40-42 ships. The target is to add Rs 200-300 crore in first 18 months of operation, said Nair.

The current order book stands at Rs 2,000 crore that is signed and concluded, L1 is around Rs 6,000 crore and for ship repair segment it's Rs 800 crore.

First Published:Jun 8, 2018 3:12 PM IST