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Hindustan Shipyard Ltd here, which from this year is under the administrative control of the Ministry of Defence, will be provided additional funds for modernisation, and a financial restructuring package is also on the anvil, according to Mr R. K Singh, Secretary of Defence Production. It will also more get more work orders on nomination basis.He made the promises at HSL when he came here recently to participate in the inauguration of a patrol vessel, Rani Durgavati, built by the Shipyard for the Indian Coast Guard.
Earlier, Commodore Naresh Kumar, Chairman and Managing Director, said HSL was ready for all challenges and wanted more orders from the Indian Navy, the Coast Guard and other defence establishments.“We can build warships, submarines and frigates. We have the skills and infrastructure here to build such vessels. He said HSL had so far delivered 163 vessels (including 11 wellhead platforms) and it had 12 ships on hand. It had carried out repairs to 2,000 ships. It also carried out repairs to submarines. The biggest bulk carrier (53,000 dwt) built in the country was delivered to the Chennai-based Goodearth Maritime Ltd last month.
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