 | |
 | |
| Company type | Public Sector Undertaking |
|---|---|
| Industry | Shipbuilding |
| Founded | 21 June 1941 (1941-06-21)[1] |
| Founder | Walchand Hirachand |
| Headquarters | , |
Key people | Walchand Hirachand (Founder) Commodore Hemant Khatri (retd.,CMD) |
| Services | Ship building Ship repair Submarine Construction and Refits |
| Revenue |  ₹1,579.28crore (US$190 million) (2024)[2] |
| ₹199.02 crore (US$24 million) (2024)[2] | |
| ₹118.82 crore (US$14 million) (2024)[2] | |
| Total assets | ₹5,574.91 crore (US$660 million) (2024)[2] |
| Total equity | ₹−351.27 crore (US$−42 million) (2024)[2] |
| Owner | Government of India |
Number of employees | 1473 (March 2019) |
| Website | hslvizag.in |
Hindustan Shipyard Limited (HSL) is apublic sector undertaking shipyard located inVisakhapatnam, on the east coast ofIndia.[3] HSL is a major shipyard in India, with a capacity to manufacture vessels up to 80,000deadweight tonnage (DWT). The shipyard is the 2nd biggest afterCochin Shipyard.
Founded as theScindia Shipyard, it was built by industrialistWalchand Hirachand as a part ofThe Scindia Steam Navigation Company Ltd.[4] Walchand selected Visakhapatnam[5] as a suitable location for the construction of the yard and took possession of the land in November 1940.[6] The foundation stone for the shipyard was laid by Dr.Rajendra Prasad on 21 June 1941, who was at that time the actingCongress President.[6][7]
The first ship to be constructed fully in India after independence was built at the Scindia Shipyard and namedJal Usha. It was launched in 1948 byJawaharlal Nehru at a ceremony where the families of SethWalchand Hirachand, lateNarottam Morarjee, andKilachand Devchand, the partners of Scindia Shipyard, were present along with other dignitaries and industrialists.
Walchand died in 1953, and the Scindia Shipyard continued to operate successfully under the next of kin of the founders. However, in 1961 the shipyard wasnationalised and renamed Hindustan Shipyard Limited (HSL).
In 2010, HSL was transferred from theMinistry of Shipping to theMinistry of Defence.[8]
In 2022, Hindustan Shipyard Limited registers highest value of production in its history. the value of production from shipbuilding remained at ₹613crore marking it as the highest value of production recorded from shipbuilding division in the history of the shipyard.[9]
In April 2025, the shipyard got a profitable turnover in close to four decades after years of narrow losses. The shipyard aims to achieve theminiratna status.[10]
The shipyard is relatively compact at 46.2 ha (0.462 km2). It is equipped with theplasma cutting machines, steel processing and welding facilities, material handling equipment, cranes, logistics and storage facilities. It also has testing and measuring facilities.
It has a covered building dock for building vessels up to 80,000 DWT. There are three slipways and a 550 m (1,800 ft)fitting-out jetty.[11]
HSL has adry dock, wet basin and repair delphin for ship andsubmarine repair and retrofitting.[12]
By 2009, over 192 vessels had been built at HSL through 2009 and the shipyard had repaired almost 2000 ships. It buildsbulk carriers,offshore patrol vessels, survey ships, drill ships,offshore platforms and repair and support vessels.[4]
It also conducts major overhauls of theIndian Navy's submarines, and is being equipped to constructnuclear-powered submarines. However, the shipyard has a history of protracted refits. The submarinesVela,Vagli, andSindhukirti each spent almost 10 years for a single refit at HSL. Where a Russian shipyard would deploy 200 workers in three shifts to complete the refit in two years, HSL deployed only 50 workers to work onSindhukirti.[13]
17°41′24″N83°16′39″E / 17.69000°N 83.27750°E /17.69000; 83.27750
| Divisions & subsidiaries |
| ||||||
|---|---|---|---|---|---|---|---|
| Institutions | |||||||
| People |
| ||||||
