Highest output value ever recorded by Hindustan Shipyard Limited
Hemant Khatri, the chairman and managing director of HSL, predicted that during the current fiscal year, the value of production aim will exceed Rs 1,000 crore.
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According to a senior business official on Friday, the government-run Hindustan Shipyard Limited (HSL) recorded the largest value of output in the PSU's history during the fiscal year 2021–22, totaling Rs 755 crore.
He predicted that the production objective for the current fiscal year would exceed Rs 1,000 crore. According to Khatri, the value of shipbuilding production remained at Rs 613 crore, making it the largest value of production ever recorded from the shipbuilding division in the shipyard's history.
He predicted that the production objective for the current fiscal year would exceed Rs 1,000 crore. According to Khatri, the value of shipbuilding production remained at Rs 613 crore, making it the largest value of production ever recorded from the shipbuilding division in the shipyard's history.
According to him, HSL made a net profit of Rs 50.78 crore and an operating profit of Rs 10.69 crore during 2021–22 as opposed to a net loss of Rs 14 crore and an operating loss of Rs 73 crore the previous year. Two diving support ships are in advanced stages of construction, according to the chairman and managing director.
Both ships are 70% complete at this time. Similar performance improvements, according to him, have been made in the business unit that deals with ship repairs. In 2021–2022, the yard repaired 17 boats for different owners. HSL actively participated in numerous ship repair tenders and won five orders in a row, totaling Rs 270 crore, during the course of the year.
The MODU Sagar Bhushan ship repair order was one of the five orders, and it cost Rs. 154 crore. According to Khatri, the shipyard has so far repaired 2,000 vessels and delivered 200 ships, including 40 ships of diverse sorts, to the Indian Navy.
About Rs 2,185 crore worth of orders are still outstanding for ships, including two diving support vessels. The public sector enterprise has inked an MoU for joint collaboration to access domestic and export markets in the defence and non-defence sectors with defence shipyards and other businesses.
According to Khatri, HSL has uploaded 80 defence goods worth Rs 800 crore on the Srijan platform, of which more than 20 have already undergone indigenization. Additionally, a number of actions have been made to support domestic defence manufacture in the MSME sector.
