HSL has a bright future with several orders in pipeline, says CMD

HSL has a bright future with several orders in pipeline says CMD
HSL has a bright future with several orders in the pipeline, says CMD


Hindustan Shipyard Limited Chairman and Managing Director Rear Admiral (retired) L.V. Sarat Babu said the company was poised for a good time ahead after it was successfully made a turnaround due to all-out efforts by the employees.

Addressing the employees here on Saturday, he said they were all set to get orders for five Fleet Support Ships at a cost of Rs 9,045 crore and two Special Operation Vehicles worth about ₹5,000 crores from the Indian Navy.

The HSL had the requisite capability, infrastructure and spare capacity for executing construction/refits of submarines, he said disclosing that the yard was putting its best efforts to bid for medium refit and life certification of fourth EKM submarine. The shipyard had also expressed its interest in the construction of six submarines for the Indian Navy under Project 75 (I) in collaboration with Adani Defence System Technologies Ltd. Towards this the yard was in the process of formation of a joint venture.

Mr. Sarat Babu said these initiatives, the HSL expected to sustain its performance in the long run and keep the momentum in the future. As part of infrastructure up-gradation, the implementation of SAP S4/HANA ERP solution was in progress. The unique feature of this ERP system would be the integration of design software, Aveva Marine including its 3D features with an embedded PLM in SAP.

Wage revision arrears:

The CMD said despite financial constraints, 60% of the outstanding wage arrears of 2009 had been cleared. Further, leave encashment dues of the retired employees who retired up to March 2015 had been paid.

To boost the morale of the employees, pay revision of officers and wage revision of staff and workmen with effect from April 1, 2018, had been considered by the board and the same was submitted to the ministry for clearance.

Source: The Hindu

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