Defence Minister Rajnath Singh praised Andhra Pradesh Chief Minister N. Chandrababu Naidu for his willingness to work together on transforming Visakhapatnam into a major maritime industrial hub. During an event at Hindustan Shipyard Limited, he highlighted the city’s strategic advantages and stressed the need for India to enhance its shipyard capabilities globally.
Hindustan Shipyard Limited (HSL) recently laid the keel for a second 60-tonne bollard pull tug for the Visakhapatnam Port Authority (VPA). During the ceremony, VPA chairperson Jasmeet Singh Bindra noted that these vessels would enhance port operations significantly. HSL’s commitment to the project reflects a longstanding partnership with VPA.
Hindustan Shipyard Limited (HSL) has marked significant progress in its 60-ton Bollard Pull Tug program for the Visakhapatnam Port Authority. Key milestones include the keel laying of the first tug and a contract for a second vessel, underscoring the collaboration aimed at modernizing VPA’s fleet in line with India’s Maritime Vision 2030.
HSL, a dynamic DPSU, saw a total revenue of Rs 478 crore in 2021 with a loss of Rs 14 crore. The company’s transformation has been significant, focusing on infrastructure modernization, corporate governance, and ship repairs. A contract with L&T Geostructure aims to enhance capacity for future projects, emphasizing PPP initiatives for revenue generation.
