In August 2012, the Government of India announced plans of divestment to raise capital of ₹15 billion for further expansion through an initial public offering (IPO) towards the end of the fiscal year.

[9] The yard has delivered two of India's largest double-hull Aframax tankers, each of 95,000 DWT, including Maharshi Parashuram and Abul Kalam Azad.

The shipyard is building six 30,000 DWT bulk carriers for Clipper Group of the Bahamas and the first three vessels have been launched.

On December 27 2024,Adani Ports and SEZ, through its subsidiary, Ocean Sparkle Limited, ordered eight tug boats from CSL.

The order is worth about ₹450 crores comprisng eight 70 T Bollard Pull Azimuthing Stern Drive Tugs delivered by Udupi Cochin Shipyard Limited.

On 5 April 2024, CSL became the third Indian shipyard after Kattupalli Shipyard of Larsen & Toubro and Mazagon Dock Shipbuilders to sign a Master Ship Repair Agreement (MSRA) with the United States Navy for repair of its Military Sealift Command Fleet Support Ships.

[16][17][18] The ships operated by MSC are non-commissioned US Navy “support vessels” with civilian crews bearing the prefix “USNS”.