During the fiscal year 2021–2022, the government-owned Hindustan Shipyard Limited (HSL) recorded the largest value of production in the PSU’s history, totaling Rs 755 crore.
Hemant Khatri, chairman and managing director of HSL, said during a press conference that despite difficulties brought on by the partial lockdown and restrictions of the second and third COVID waves, the state-run organisation had recorded the highest value of production, with contributions from all three key business segments.
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.
The Chairman and Managing Director stated that both of the two diving support ships are 70% complete and in advanced stages of construct
