The iconic Hindustan Shipyard Limited (HSL) is implementing significant reforms in all facets of the Shipyard, keeping pace with evolving technology and a competitive marketplace. The expansion ambitions of maritime services such as the Indian Navy and Coast Guard have given the indigenous military Shipbuilding industry a much-needed boost.

Under the leadership of its C& MD, Mr Hemant Khatri, HSL reported the highest ever turnover of Rs 759 Crores since inception. In addition, it recorded a Net Profit of over 50 Crores and registered a YOY growth of 60%. With the Government encouraging and emphasising  Atmanirbhar Bharat, it's time to embark on a new phase of self-reliance by producing technologically advanced equipment in India, said its C& MD, Hemant Khatri. 

Armed with the vision to become an internationally competitive and modern shipyard for construction. Repairing and refitting ships and Submarines, the Shipyard is also venturing into a new partnership to enhance its technical capability and Overall growth further. He also said that new order for 5 FSS worth Rs 20,000 Cr by Dec 2022 would create a massive potential for MSMEs to participate in Mega Shipbuilding Programme.

Performance Highlights FY 2021-22:

1. highest ever turnover of Rs 759 (Prov.) since inception

2. recorded a Net Profit of over 50 Cr (Prov.)

3. registered a YOY growth of 60%.

4. won five successive Ship Repair Orders worth Rs 230 Cr.

5. completed Repair of 17 ships on time.

6. delivered four 50T BP Tugs in 3 months.

7. repaired two foreign ships.

8. major infrastructure augmentation is in progress