Madhu S. Nair has assumed charge as Chairman and Managing Director of Cochin Shipyard on Wednesday.
He took over the charge from Commodore K Subramaniam, who had been with CSL the last eight years (5 years as Director (operations) and 3 years as CMD).
CSL is today, the best performing shipyard in the country among both the public and private sector. The company had been achieving a consistently good performance in the last several years. The turnover in 2014-15 was ₹1,860 crore as compared to ₹1,653 crore in 2013-14. PAT has gone up to ₹235 crore in 2014-15 against ₹194 crore in 2013-14.