Hindustan Shipyard Limited gears up for the future on 84th foundation day

Hindustan Shipyard Limited (HSL) is celebrating its 84th Foundation Day along with the International Day of Yoga today i.e. 21 June 2024. This significant milestone marks 83 years of dedication, growth, and achievements in serving the nation

Looking ahead, HSL remains steadfast in its commitment to driving reforms, embracing innovation, and fostering a culture of excellence in the growth of the national maritime industry.

Hyderabad: Hindustan Shipyard Limited (HSL) is celebrating its 84th Foundation Day along with the International Day of Yoga today i.e. 21 June 2024. This significant milestone marks 83 years of dedication, growth, and achievements in serving the nation. The celebrations will commence with a heartfelt tribute at the statue of the legendary Seth Walchand Hirachand, followed by a rejuvenating yoga session for all employees, emphasizing the importance of health and well-being.

To commemorate this occasion, HSL has conducted week-long activities from June 14 to 20, including interactions with business partners, employees and contractors, a full week of yoga sessions and a blood donation camp. On June 21, 2024, HSL plans to unveil a series of new facilities and technological advance tools aimed at enhancing operational efficiency and employee welfare. These include refurbished employee quarters, upgraded infrastructure such as a state-of-the-art electronic testing lab, test bed facility, refurbished 80T Crane and innovative digital applications like a new HSL website and a mobile app for ship weight management. Additionally, HSL will release 16 publications to further refine its procedures and processes.

The financial year 2023-24 has been pivotal for HSL, marked by significant milestones and unprecedented growth. The order book surged from Rs 2,000 crore to over Rs 20,000 crore, achieving a Profit After Tax (PAT) of Rs 119 crore, and an increase in turnover from Rs 478 crore in FY21 to Rs 1,413 crore.

Furthermore, the first three months of FY25 have been watershed moments for HSL due to the steel cutting of first Fleet Support Ship, the successful completion of maiden sea trials of the first Diving Support Vessel, the record-time undocking of a Russian-made EKM Submarine and signing of major infrastructure upgrade contract with L&T Geostructure towards boosting capacity to build Fleet Support Ships and Landing Platform Dock.

Additionally, HSL has received 21 prestigious awards in the past year, such as PSU Samarpan, PSU Leadership, Best Practices, Innovation in Refining Technology, HR Excellence, Best Ship Repair Facility of the year, Women Leadership and SODET Silver Awards at National QCC Competition. These accolades underscore HSL’s commitment to innovation, reskilling, and operational excellence.

On the occasion of 84th foundation day, HSL extends heartfelt gratitude to its stakeholders, business partners and MSMEs around this ‘City of Destiny’, Vizag for their pivotal role in its success and growth journey. Looking ahead, HSL remains steadfast in its commitment to driving reforms, embracing innovation, and fostering a culture of excellence in the growth of the national maritime industry.