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The association combines Svitzer’s global expertise in advanced and sustainable towage solutions with CSL’s proven shipbuilding capabilities, skilled workforce and local innovation

The consolidated total income of the company increased marginally at Rs 1,245.88 crore for Q2FY26

This partnership represents a significant step toward decarbonising towage and advancing India’s maritime industry toward a low-carbon future

A letter of intent in this regard was signed on October 14, 2025

The estimated contract value is around Rs 200 crore

The MoU sets the stage for long term cooperation between the two companies in various domains of shipbuilding and maritime development

The order is for the construction of two Tugs of 70 T Bollard Pull Power

The order is for the construction of two Luxury River Cruise vessels to be operated on the Brahmaputra River

The partnership is set to play a pivotal role in developing a world-class ship repair ecosystem to serve both domestic and international fleets

This collaboration will explore opportunities to develop ship repair clusters along India’s coastline leveraging the expertise of both organisations

The MoU is to explore collaboration opportunities in ship repair, maintenance, and shipbuilding in India

Total consolidated income of the company increased by 7.21% at Rs 1194.42 crore for Q3FY25

This is in addition to the 3 nos of the 70 T Bollard Pull Tugs already under construction at Udupi-CSL for Ocean Sparkle, totalling 11 Tug order on Udupi-CSL

The estimated contract value is above Rs 1,000 crore

This collaboration is in line with the Government’s efforts under the ‘Make in India’ initiative

The MSRA is a non-financial agreement and is effective from April 05, 2024

This Multiple Refit Contract was signed on February 02, 2023, for a value of around Rs 150 crore

The order is for the design and construction of one no. hybrid Service Operation Vessel

The contract is signed with an option for additional 8 vessels

The estimated contract value is around Rs 300 crore and the estimated duration is around 24 months

Total consolidated income of the company decreased by 18.61% at Rs 671.32 crore for Q4FY23

The order is for the design and construction of two Zero Emission Feeder Container Vessels

These vessels are intended for the services of offshore wind farm installations towards its commissioning and maintenance

An agreement is to boost start-ups in the maritime sector

The company is aiming to grow as a globally recognised technology firm among the frontrunners