Popular shipbuilder Cochin Shipyard Ltd. (CSL) on Friday revealed a handle Denmark-based Svitzer to produce a brand-new generation of electrical TRAnsverse pulls in India.
Svitzer today revealed the finalizing of a landmark Letter of Intent (LoI) with Cochin Shipyard Limited (CSL) to build a brand-new generation of electrical TRAnsverse yanks in India, the business stated in a regulative filing. The offer was signed throughout India Maritime Week in Mumbai.
Under the offer, Svitzer and CSL will work together on strategies to construct electrical TRAnsverse tugboats at CSL’s backyard centers. This cooperation intends to bring among the most innovative and ecologically progressive pull styles to the Indian markets.
We eagerly anticipate working carefully with Svitzer to make prepare for constructing the next-generation TRAnsverse yank in India, Madhu S Nair, Chairman and Managing Director, CSL, stated, including that the partnership intends to deepen regional supply chains and skill, and speed up the accessibility of green, high-performance tugboats for Indian ports and abroad.
TRAnsverse pulls supply exact control in restricted waters, enhancing security and functional efficiency while lowering energy usage and emissions. These vessels are meant for Svitzer’s international fleet renewal and development markets, CSL stated in a release.
“By pairing Svitzer’s nearly 200 years of towage experience with Indian engineering and manufacturing strength, we aim to deliver cleaner, safer and more efficient harbour operations for customers in India and around the world,” Kasper Nilaus, CEO, Svitzer, stated.
CSL Share Price: Shares of Cochin Shipyard Ltd. were trading at Rs 1,788.10 (+6.30) per scrip on BSE as on 11:58 on October 31, 2025.
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