After clouds of uncertainty, the Hindustan Shipyard Limited, which achieved a turnaround, is inching forward smoothly to sign a contract and begin construction of five Fleet Support Ships for the Indian Navy in collaboration with a Turkish shipyard.
The project is estimated between ₹10,000 crore and ₹14,000 crore. “After obtaining clearance from the Ministry of Defence, we are signing the contract with a shipyard based in Turkey and begin construction in collaboration with it by mid-2021,” HSL Chairman and Managing Director Rear Admiral (retd) L.V. Sarat Babu told The Hindu.
The HSL which planned to have a strategic partnership with Hyundai Heavy Industries dropped it earlier following the latter’s insistence on constructing the first ship in South Korea and procuring major components from the global shipping giant.
Each Fleet Support Ship will have a displacement capacity of 45,000 DWT.
Mr. Sarat Babu said as part of the contract, the ‘know-how and know-why’ from the foreign collaborator would be transferred to HSL to give a fillip to local MSMEs. The MSMEs specialising in fabrication, blasting, piping, cable installation and outfitting will be benefited.
In competitive bidding, the HSL recently bagged a prestigious contract for construction of semi-submersible pontoons worth ₹420 crore from the Navy. Mr. Sarat Babu said the pontoons were being used as platforms to undertake repair of ships and submarines.