Private Sector

Success for Make in India! Hindustan Shipyard boasts a healthy order book, says the outgoing CMD

Hindustan Shipyard Ltd, which has been focusing on `Make in India’ a big success has undergone a significant financial turnaround and in the last four financial years has posted profits. These profits came after a gap of almost four decades. Talking about the order book of the yard, the outgoing CMD of the Shipyard, RAdm LV Sarat Babu, in a conversation with Financial Express Online said “The order book is good. The yard is presently building for the Indian Navy two Diving support vessels costing about Rs 2500 crores, as well as four 50 tonne bollard pull tugs costing about Rs 250 crores.”

“The shipyard has also recently won a contract for constructing semi-submersible pontoon for the Indian Navy costing about Rs 450 crores,” RAdm Sarat Babu said.

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financial express
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