Latest news with #HindustanShipyardLimited
The Hindu
2 hours ago
- Business
- The Hindu
Hindustan Shipyard Limited plans first satellite shipyard in north coastal A.P.
The Hindustan Shipyard Limited (HSL) has decided to expand its footprint by setting up a new and first satellite shipyard in north coastal Andhra Pradesh. The company's Chairman and Managing Director Commodore Hemant Khatri and his team have already approached the State government for allotment of land for the project. 'We are working on the expansion of HSL with a satellite shipyard closely linked to the company here. This will help us achieve business and targets. At least 110 acres of land is required for the project. Initially, Moolapeta in Srikakulam district and the Kakinada coastline have been identified with formal site visits. We are trying to meet the government again to expedite the PPP mode project,' Commodore Khatri told the media, here, Tuesday. Having already crossed a turnover of around ₹1,800 crore in 2024-25 financial year, the HSL is targeting to reach the ₹3,000-crore mark in the next two years, he said. 'The HSL's performance in the last five financial years is indicative of our strong growth trajectory. Our total revenue has steadily increased from ₹403 crore in FY 2020-21 to ₹1,783 crore in FY 2024-25, a four-fold increase in five years. After a loss of ₹85 crore in FY 2020-21, we bounced back with a profit of ₹51 crore in the next fiscal and continued to improve with a profit of ₹284 crore in FY 2024-25,' he pointed out. The HSL has taken proactive initiatives including strategic partnership agreement with M/S Lotus Wireless of Visakhapatnam, and M/S Vinssen and M/S DSEC of South Korea. 'We have a collaboration with M/S Toshiba of Japan for LTO batteries. With this, the HSL has developed designs for electric and hydrogen tugs and the yard, and has sent proposals for 150 Pax hydrogen ferry to the Inland Waterways Authority of India,' he said. 'As all these projects and targets are huge, we need a satellite shipyard to support the targets. We are working on it,' said Commodore Khatri. INS Nipun Meanwhile, Commodore Khatri said that INS Nipun, the second of two indigenous diving support vessels (DSVs), will shortly be handed over Indian Navy. The HSL has presented its sister vessel INS Nistar recently and it has been commissioned. The vessels are designed for deep-sea diving and submarine resource operations, he added. Upcoming projects Commodore Khatri said that the HSL was pursuing business in defence, green vessels, commercial and oil& gas sectors. The HSL has upcoming projects like LPD (landing platform dock) and mine counter measures vessels, next generation water jet fast attack craft (WJFAC). I In commercial segment, the Ministry of Petroleum & Natural Gas has projected demand for 112 vessels, including 30 medium range product tankers, 24 very large gas carriers, and four off shore vessels. In the green vessel sector, the HSL is aligning with the national drive towards sustainability by targeting electric and hydrogen-powered tugs for major Indian ports such Visakhapatnam Port Authority, he said. In the oil & gas sector, the HSL is eyeing opportunities for two well-head platforms for Oil India Limited, and two jack-up rigs for Oil and Natural Gas Corporation (ONGC), he added. 'Recently, we have signed an MoU with Pentagon Rugged Systems for developing anti-drone technology and long-range non-line of sight (NLOS) communication for naval vessels. We have entered an MoU with Bharat Earth Movers Limited to develop indigenous marine systems in line with Atmanirbhar Bharat,' Commodore Khatri added.
Hans India
2 hours ago
- Business
- Hans India
HSL achieves 80% of indigenous content on recently delivered INS Nistar
Visakhapatnam: Hindustan Shipyard Limited (HSL) is consistently making efforts to boost indigenisation in its ship construction projects under Make in India policy, said C&MD of HSL Cmde Hemant Khatri (Retd). At a media briefing organised on Tuesday, he stated that the HSL achieved 80 per cent of indigenous content on recently delivered INS Nistar and 72 per cent of indigenous content in floating dock. The yard has indigenised 39 items worth Rs 220 crore which were being imported. The organisation provides employment in and around Visakhapatnam. 'HSL has been undergoing a rapid and comprehensive transformation. The significant reforms implemented by it across all facets in recent years, including various policy changes aimed at improving the ease of doing business, have been instrumental in driving our growth. As a testament to these transformational efforts, HSL has received 14 awards and recognitions in the last one year as displayed on the slide,' the C&MD mentioned. The financial performance over the last five years reflected a strong growth trajectory and turnaround. 'Our total income has increased steadily from Rs.403 crore in FY 2020–21 to Rs.1,783 crore in FY 2024–25 which is a more than four-fold increase over five years. Net worth in the last five years is a testament to the rapid transformation, commitment and growth the shipyard has taken in its march towards positive net worth company,' said Cmde Hemant Khatri. Considering the past experience in repairing EKM submarines and successful execution of NR of INS Sindhukirti, he stated, HSL is poised to undertake MRLC of INS Sindhuvijay in India for the first time. Keeping in line the strategic requirements the company has also signed an MoU with MDL to step its foot from submarine repair to submarine construction. Towards contributing to the prestigious GTTP programme, HSL has taken many pro-active initiatives including strategic partnership agreement with Lotus Wireless, Visakhapatnam and Vinssen and DSEC of South Korea. Stating that there's emergingrequirement to counter the drone fighting capabilities in newly built vessels, the HSL C&MD said, 'Recently, an MOU was signed with Pentagon Rugged Systems for developing anti-drone technology and long range NLOS communication for naval vessels. We have also entered into an MoU with BEML to develop indigenous marine systems in line with Atmanirbhar Bharat. HSL signed an MoU with Worlds leading Shipbuilding Company Fincantieri and reputed design agency DESC Korea to construct vessels embedded with latest technology and advanced design integration.'
Times of Oman
4 days ago
- General
- Times of Oman
India commissions INS Nistar to strengthen maritime safety infrastructure
Visakhapatnam: Built by Hindustan Shipyard Limited (HSL), the ship represents the Navy's technological prowess and commitment to self-reliance. With its primary role in deep-sea diving and submarine rescue operations, INS Nistar is a strategic enabler, a life-saving sentinel, and a symbol of India's advancing maritime capability. The commissioning ceremony, held at the Eastern Naval Command base, was attended by senior naval leadership, defence officials, engineers, and shipyard workers whose efforts brought this vision to life.'Nistar', the first indigenously designed and constructed Diving Support Vessel, was delivered by Hindustan Shipyard Limited to the Indian Navy on July 8, 2025, at Visakhapatnam. The warship has been designed and built as per the classification rules of the Indian Register of Shipping (IRS). According to an official statement, the ship is a testament to the Government of India's resolute focus on nation-building through self-reliance in defence production and unwavering focus on Aatmanirbharta. A total of 120 MSMEs have participated in the construction of this ambitious, unique and state-of-the-art vessel, achieving more than 80 per cent indigenous content. The ship is highly specialised and can undertake Deep-Sea Diving and Rescue Operations, a capability held by select Navies across the globe. The ship's name, 'Nistar', originates from Sanskrit and means liberation, rescue or salvation. The ship, measuring 118 m in length with a tonnage of nearly 10,000 tons, is equipped with state-of-the-art Diving Equipment and has the capability to undertake Deep saturation diving up to a depth of 300 m. The ship also features a Side Diving Stage for conducting diving operations up to a depth of 75 m. The ship will also serve as the 'Mother Ship' for the Deep Submergence Rescue Vessel (DSRV), to rescue and evacuate personnel, in case of an emergency in a submarine underwater. The ship is equipped with a combination of Remotely Operated Vehicles to undertake Diver Monitoring and Salvage Operations up to a depth of 1000 m. In her earlier avatar, ex-Nistar was a submarine rescue vessel acquired by the Indian Navy from the former USSR in 1969 and commissioned in 1971. Over the course of her two decades of service, she made significant contributions to the Indian Navy's diving and submarine rescue operations. With the commissioning of this ship, the legacy of ex-Nistar continues onwards, with her motto 'Surakshita Yatharthta Shauryam' translating to 'Deliverance with Precision and Bravery', aptly reflecting the main roles of the ship.
Hans India
19-07-2025
- Business
- Hans India
Indigenously-designed INS Nistar gets commissioned into Indian Navy
Visakhapatnam: Indigenously-designed and built by Hindustan Shipyard Limited, the vessel is the first of the two Diving Support Vessels being commissioned into the Indian Navy in the presence of Union Minister of State for Defence Sanjay Seth. Lauding the Indian Navy and the indigenous ship building industry for their sustained efforts in consistently enhancing the indigenous content in warships through home-grown solutions and innovative technologies, Union Minister of State for Defence Sanjay Seth stated that the commissioning of INS Nistar firmly reinforces the role of the Indian Navy as the 'first responder' and 'preferred security partner' in the region. 'The indigenous shipbuilding industry has been one of the pillars of the government's 'Aatmanirbhar Bharat' campaign. Currently, all of the 57 new warships in the pipeline are being constructed indigenously,' he emphasised. Expressing confidence in the capabilities of the Armed Forces, Sanjay Seth stated that India stands committed and resolute to tackle any form of misadventure from its adversaries. He described the induction of INS Nistar as a technological leap and a milestone in the Indian shipbuilding chapter towards building a future-ready force. The main role of the vessel includes undertaking deep sea diving and conducting rescue operations from distressed submarines in case of an emergency. The specialised diving complex onboard extends over multiple decks, and the ship is fitted with the state-of-the-art systems required for saturation diving missions. Speaking on the occasion, Chief of the Naval Staff Admiral Dinesh K Tripathi termed INS Nistar as not just a technological asset but a crucial operational enabler. 'Nistar will provide critical submarine rescue support to the Indian Navy as well as our regional partners. This will enable India to emerge as a 'preferred submarine rescue partner' in this region,' he underlined, adding that the commissioning of Nistar is a testimony to the growing capability and maturity of the maritime industrial base and another shining example of Aatmanirbhar Bharat. INS Nistar was installed with state-of-the-art diving equipment such as remotely operated vehicles, self-propelled hyperbaric lifeboats, and diving compression chambers. It can undertake diving and salvage operations up to 300-m depth. It serves as the 'mother ship' for deep submergence rescue vessels to rescue complex underwater missions and evacuate personnel from a dived submarine in distress well below the surface. The commissioning of the 118-m ship with a displacement of more than 10,000 tons upholds the Indian Navy's resolve towards continuously strengthening its maritime capabilities in the underwater domain. With the participation of 120 MSMEs and incorporation of more than 80 percent indigenous content, Nistar symbolises India's ability to build complex ships on a par with international standards. The name 'Nistar' originates from Sanskrit and means liberation, rescue or salvation. In her previous version, the vessel was a submarine rescue vessel which was acquired from the erstwhile Union of Soviet Socialist Republics in 1969 and commissioned in 1971.
Indian Express
19-07-2025
- General
- Indian Express
All about INS Nipun and how it will help save lives in deep sea
The Indian Navy on Friday commissioned INS Nistar at the Naval Dockyard in Visakhapatnam. Indigenously designed and constructed by Hindustan Shipyard Limited, Nistar is the first of two diving support vessels (DSVs) that were ordered by the Navy in 2018. Its sister ship, Nipun, was launched in 2022, and is expected to be commissioned in the near future. Meant to support deep-sea diving and submarine rescue operations, these DSVs will enhance India's operational preparedness in the underwater domain and reinforce the country's strategic maritime posture across the Indian Ocean Region (IOR), the Navy said. The original INS Nistar was a submarine rescue vessel acquired by the Indian Navy from the erstwhile Soviet Union in 1969, and commissioned in 1971. It remained in service till 1989, during which time it was the centrepiece of the Navy's diving and submarine rescue operations. The new Nistar will carry forward this legacy. But unlike its predecessor, it comprises more than 80% indigenous content, with about 120 MSMEs having participated in its construction. This makes Nistar the first indigenously designed and constructed diving support and submarine rescue vessel in India. 'Nistar is testimony to the growing capability and maturity of our maritime industrial base, and another shining example of Aatmanirbhar Bharat,' Chief of the Naval Staff Admiral Dinesh K Tripathi said during the commissioning ceremony. With a displacement of around 10,500 tonnes, length of almost 120 metres, beam of more than 20 metres, and an endurance of more than 60 days at sea, the new Nistar is also larger and more capable than its 800-tonne predecessor. According to the Navy, Nistar's specialised onboard diving complex has both air and saturation diving systems, which are complemented by underwater remotely operated vehicles (ROVs) and side scan SONARs. Moreover, Nistar will be the mothership of an advanced deep submergence rescue vehicle (DSRV). The Indian Navy acquired two DSRVs from the UK's M/s James Fisher & Sons in 2018 and 2019 — one each for Nistar and Nipun. Nistar can also carry a 15-tonne subsea crane, and support helicopter operations. Aboard Nistar is an operation theatre, an intensive care unit, and an eight-bedded hospital with hyperbaric medical facilities, all critical towards meeting the vessel's operational roles, the Navy said. The induction of Nistar into the Navy after the successful integration of the two DSRVs is a major milestone for India's deep-sea capabilities. With the Navy continuing to expand its submarine arm, it has to reckon with increased operational risks of operating in the deep sea. These risks demand a technologically capable platform for submarine rescue operations — the primary mandate of the Nistar-class vessels. Officials told The Indian Express that Nistar is built to be both a diving support and a submarine rescue vessel, making it a strategic platform which strengthens India's position as a net maritime security provider within the IOR and beyond. With the induction of the two DSRVs in 2018-19, India entered a groupd of only 12 nations with these dedicated capabilities, and one of the very few possessing DSRVs that can be requisitioned by another country and airlifted for rapid international deployment during emergencies. Until now, however, the Navy relied on commercially leased platforms for the deployment of DSRVs, limiting its instant-deployment capabilities and round-the-clock rescue readiness. Nistar (and Nipun) will change this. The vessel's dynamic positioning and diving support features mean that the vessel can operate autonomously in the high seas. Officials said that its high transit speed ensures rapid deployment during emergencies, drastically reducing response time in scenarios where every minute counts. Based in Visakhapatnam, Nistar will serve as the DSRV mothership in the Eastern Seaboard, and Nipun, based in Mumbai, will serve in the Western Seaboard, completing the Navy's dual-coast operational posture. This arrangement guarantees simultaneous, high-readiness submarine rescue coverage across both maritime frontiers. This strategic capability would be particularly crucial in various maritime humanitarian assistance and disaster relief (HADR) operations carried out by the Navy. Through bilateral agreements and Memorandums of Understanding with other navies, India has committed to sharing its submarine rescue expertise, and providing actual rescue support during emergencies world wide. 'It positions India as a credible first responder in undersea contingencies and amplifies its soft power through the projection of maritime goodwill,' an official told The Indian Express. The officer added that the development sends a signal that India's growing naval capabilities are aligned with the shared security interests of its partners and neighbours. 'In a world where underwater operations are becoming more complex and risks more unpredictable, INS Nistar ensures that India not only safeguards its own interests but is also ready and equipped to serve the greater good of global maritime safety,' the official said.
