Joint Venture28 Jan 2026, 10:41 pm
Cochin Shipyard and HBL Engineering to Form Joint Venture for Electric Mobility Technology
AI Summary
Cochin Shipyard Limited (CSL) and HBL Engineering Limited (HBL) have announced their proposal to form a joint venture. The joint venture aims to develop electric mobility technology and energy storage solutions in the marine space, catering to both domestic and global markets. The shareholding pattern of the proposed joint venture company will be 60% for HBL and 40% for CSL. This collaboration is expected to benefit both companies in capitalizing on the opportunities arising from the growing adoption of electric and hybrid propulsion systems in the marine space, in line with the Government of India’s vision of Aatmanirbhar Bharat.
Key Highlights
- Cochin Shipyard Limited and HBL Engineering Limited to form a joint venture
- Joint venture aims to develop electric mobility technology and energy storage solutions in the marine space
- Shareholding pattern of the proposed joint venture company will be 60% for HBL and 40% for CSL
- Collaboration aims to capitalize on the opportunities arising from the growing adoption of electric and hybrid propulsion systems in the marine space
- In line with the Government of India’s vision of Aatmanirbhar Bharat