The Ministry of Ports, Shipping and Waterways has decided to extend the tenure of Jose V J, the director (finance) of Cochin Shipyard, until his retirement or until further notice.
What Happened: The decision was made public on Wednesday, July 3, 2024. Jose V J, who also holds the position of CFO for the company, will retain his role until February 28, 2027, or until further directives, whichever comes first.
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He has been serving as the director (finance) and CFO of the company since August 2019. He is a member of the Institute of Cost Accountants of India and holds a law degree from Government Law College, Ernakulam. With around 33 years of experience in financial management, strategic planning, risk management, forex management, budgeting, and cost control, he also leads the Information Systems Department of the Company. He is a Director at Hooghly Cochin Shipyard Limited and Udupi Cochin Shipyard Limited, both wholly-owned subsidiaries of Cochin Shipyard.
Last week, the company announced bagging an export order from Norway. The order is for the construction of eight 6300 TDW (total dry weight) Dry Cargo Vessels. The order is worth around ₹1,100 crore and is expected to be completed by September 2028.
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