Lady luck to smile on premier shipyard in the next fiscal
VISAKHAPATNAM: After completing the challenging task of retrofitting INS Sindhukirti and delivering it to the Navy last year, the Hindustan Shipyard Limited is all set to get another Russia-made Sindhughosh-class submarine INS Sindhuvir for refit.
INS Sindhuvir is expected to reach here in March and the retrofitting will start in April. The HSL has expertise for submarine repair with the creation of the specialised facility with an investment of Rs.50 crore.
“We will complete the prestigious task of delivering a completely refurbished INS Sindhuvir in two years as it has been awarded to us on nomination basis by the Ministry of Defence in recognition of our proven track-record in submarine repair,” HSL Chairman and Managing Director Rear Admiral L.V. Sarat Babu (retired) told on Saturday.
The HSL, which made a turnaround with a net profit of Rs.19 crore last year, has also bagged the order for construction of two Strategic Operating Vessels with swimmer delivery vessels attached to it. The orders are of the value of Rs. 3,000 crore.
Fleet Support Ships
Asked to comment on the status of the contract for construction of five Fleet Support Ships worth Rs.9,000 crore to Rs.10,000 crore, the CMD said they were awaiting clearance from the government for a tie-up with the Hyundai Heavy Industries Co. Ltd of South Korea. The HSL has already signed MoU with the world’s largest shipbuilder and the issue of mutual cooperation figured during the visit of Prime Minister Narendra Modi to Hyundai last year. Rear Admiral (retired) Sarat Babu said they were also in the race for bagging order for construction of two Landing Platform Docks as they had been given the opportunity to compete with the quotation given by the L-1 bidder in the global tenders.