Hindustan Shipyard

Shipyard in Visakhapatnam, Andhra Pradesh, India

Hindustan Shipyard Limited

Company type| Public Sector Undertaking
Industry| Shipbuilding
Founded| 21 June 1941 (1941-06-21)[1]
Headquarters|

Visakhapatnam, Andhra Pradesh

India

Key people

| Commodore Hemant Khatri (retd.), CMD
Services| Ship building
Ship repair
Submarine Construction and Refits
Revenue| ₹1,118.45 crore (US$130 million) (2023)[2]

Operating income

| ₹65.24 crore (US$7.6 million) (2023)[2]

Net income

| ₹65.24 crore (US$7.6 million) (2023)[2]
Total assets| ₹1,483.35 crore (US$170 million) (2023)[2]
Total equity| ₹−478.93 crore (US$−56 million) (2023)[2]
Owner| Government of India

Number of employees

| 1473 (March 2019)
Website| hslvizag.in

Hindustan Shipyard Limited (HSL) is a public sector undertaking shipyard located in Visakhapatnam, on the east coast of India.[3] HSL is a major shipyard in India, with a capacity to manufacture vessels up to 80,000 deadweight tonnage (DWT). The shipyard is the 2nd biggest after Cochin Shipyard.

46,259 DWT ship named MV Goa built by Hindustan Shipyard in 1997

## History

[edit]

Founded as the Scindia Shipyard, it was built by industrialist Walchand Hirachand as a part of The Scindia Steam Navigation Company Ltd.[4] Walchand selected Visakhapatnam[5] as a suitable location for the construction of the yard and took possession of the land in November 1940.[6] The foundation stone for the shipyard was laid by Dr. Rajendra Prasad on 21 June 1941, who was at that time the acting Congress President.[6][7]

The first ship to be constructed fully in India after independence was built at the Scindia Shipyard and named Jal Usha. It was launched in 1948 by Jawaharlal Nehru at a ceremony where the families of Seth Walchand Hirachnd, late Narottam Morarjee, and Tulsidas Kilachand, the partners of Scindia Shipyard, were present along with other dignitaries and industrialists.

Walchand died in 1953, and the Scindia Shipyard continued to operate successfully under the next of kin of the founders. However, in 1961 the shipyard was nationalised and renamed Hindustan Shipyard Limited (HSL).

In 2010, HSL was transferred from the Ministry of Shipping to the Ministry of Defence. [8]

In 2022, Hindustan Shipyard Limited registers highest value of production in its history. the value of production from shipbuilding remained at ₹613 crore marking it as the highest value of production recorded from shipbuilding division in the history of the shipyard.[9]

In April 2025, The shipyard got a profitable turnover in close to four decades after years of narrow losses.The shipyard aims to achive the miniratna status.[10]

## Ships built by the company

[edit]

INS Dhruv built by HSL

* Nand Rati(1984)
* Lok Rajeswari(1988)
* MV Goa(1997)
* Tamilnadu(2000)
* MV Good Princess(2008)
* MV Good Pacific(2008)
* Good Precedent(2011)
* Indian Grace(1978)
* Indian Glory(1978)
* Indian Explorer(1976)
* TS Rajendra(1972)

## Facilities

[edit]

Aerial View of HSL

The shipyard is relatively compact at 46.2 ha (0.462 km2). It is equipped with the plasma cutting machines, steel processing and welding facilities, material handling equipment, cranes, logistics and storage facilities. It also has testing and measuring facilities.

It has a covered building dock for building vessels up to 80,000 DWT. There are three slipways and a 550 m (1,800 ft) fitting-out jetty.[11]

HSL has a dry dock, wet basin and repair delphin for ship and submarine repair and retrofitting.[12]

## Vessels

[edit]

By 2009, over 192 vessels had been built at HSL through 2009 and the shipyard had repaired almost 2000 ships. It builds bulk carriers, offshore patrol vessels, survey ships, drill ships, offshore platforms and repair and support vessels.[4]

It also conducts major overhauls of Indian Navy submarines, and is being equipped to construct nuclear-powered submarines. However, the shipyard has a history of protracted refits. The submarines Vela, Vagli, and Sindhukirti each spent almost 10 years for a single refit at HSL. Where a Russian shipyard would deploy 200 workers in three shifts to complete the refit in two years, HSL deployed only 50 workers to work on Sindhukirti.[13]

## References

[edit]

1. ^ "Hindustan Shipyard Limited celebrates Foundation Day". 24 November 2017.
2. ^ a b c d e "Annual Report 2022-23".
3. ^ Gayatri, V. K. L. (23 November 2018). "Hindustan Shipyard Limited celebrates founders day". www.thehansindia.com. Retrieved 18 May 2019.
4. ^ a b "Hindustan Shipyard: Making Waves". India Today. 9 October 2009. Retrieved 9 September 2011.
5. ^ "PM's speech at the release of a Commemorative Postage Stamp honouring Seth Walchand Hirachand". Archived from the original on 11 November 2013. Retrieved 2 September 2012.
6. ^ a b Piramal, Gita (1999). Business Legends By Gita Piramal. p. 165\. ISBN 9780140271874.
7. ^ "About Us". Hindustan Shipyard Limited. Archived from the original on 8 October 2011. Retrieved 9 September 2011.
8. ^ "Govt moves Hindustan Shipyard to Defence ministry". The Times of India. 24 December 2009. Archived from the original on 26 September 2012. Retrieved 9 September 2011.
9. ^ "Hindustan Shipyard Limited registers highest value of production in its history". Zee Business. Retrieved 18 June 2024.
10. ^ "After 40 years, Defence Shipyard HSL's net worth turns positive - The Economic Times". m.economictimes.com. Retrieved 7 April 2025.
11. ^ "Ship Building". Hindustan Shipyard Limited. Archived from the original on 8 October 2011. Retrieved 9 September 2011.
12. ^ "Ship Repairs". Hindustan Shipyard Limited. Archived from the original on 8 October 2011. Retrieved 9 September 2011.
13. ^ Unnithan, Sandeep (17 November 2008). "Navy's sub induction plan suffers blow". India Today.

## External links

[edit]

Wikimedia Commons has media related to Hindustan Shipyard.

17°41′24″N 83°16′39″E﻿ / ﻿17.69000°N 83.27750°E﻿ / 17.69000; 83.27750 Website

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l - liquidated
Information updated as of January, 2020 by Department of Public Enterprises • See also Public sector banks in India

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Walchand group

Walchand group

Divisions &
subsidiaries|

| Current|

* Hindustan Construction Company
* Walchandnagar Industries Limited
* Ravalgaon Sugar Farms Limited
* Indian Hume Pipe Co Limited
* Acrow India Limited

|

Former|

* Hindustan Shipyard Limited
* Hindustan Aeronautics Limited
* Oriental Insurance Co.
* Mysore Petrochemicals Limited
* Cooper Engineering Limited
* Premier Automobiles Limited

Defunct|

* Premier Construction Limited
* The Scindia Steam Navigation Company Ltd.
* Bombay Steam Navigation Company
* Studio Walchand

Institutions|

* Walchand Institute of Technology
* Walchand College of Engineering, Sangli

People|

| Current|

* Ajit Gulabchand

|

Former|

* Sharayu Daftary
* Gulabchand Hirachand
* Lalchand Hirachand
* Ratanchand Hirachand
* Walchand Hirachand

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