Cochin Shipyard to get Mini Ratna status

it is reported that public sector cochin shipyard limited is set to achieve the mini ratna status conferred by the ministry of shipping. as per the guidelines issued by the department of public enterprises, the grant of mini ratna status would empower the board of cochin shipyard limited to take speedy decisions on capital expenditure. cochin shipyard limited needs to create additional capacity in order to sustain the present growth momentum in future too. the conferring of the mini ratna status would help the company to achieve this at a faster pace.
it has proposed for setting up of a dry dock to cater to building ａnd repairs of large sized ships. besides the yard＇s proposal to create a separate division for small commercial ships have received the nod of the central government ａnd this facility is expected to be commissioned by mｉd 2009.
cochin shipyard limited achieved a record turnover of inr 967 crore during the year 2007 or 2008. the profit before tax for the year was inr 149 crore which is higher by 74％ ｆrom 2007. the net profit for 2007 or 2008 was inr 93 crores as compared to inr 58 crores for 2006 or 2007 a growth of 60％.