Indian navy – Ecostar Business

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Mazagon Dock Shipbuilders

Ecostar Editor MagNovember 18, 20202047 Views0

Focuses on indigenisation The MDL has indigenised equipment likes on ardome, ship installed chemical agent detection system, bridge window glass, main batteries for Scorpene submarines, multiple cable transit glands and remote-controlled valves with various companies on a no-cost no-commitment basis. Incorporated in 1934, Mazagon Dock Shipbuilders (MDL) has built 796 vessels, including 25 warships and four submarines. It is the only shipyard capable of building destroyers and conventional submarines. INS Kolkata, INS Kochi, INS Chennai, INS Kalvari, INS Khanderi and others have been delivered by MDLin the last five years. In order to give an impetus to the 'Make in India campaign, a dedicated department of indigenisation was set up in November 2015 along with a road map for indi...

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Hindustan Shipyard

Ecostar Editor MagNovember 18, 20202044 Views0

Sign of growth With best productivity measures and improved morale, Hindustan Shipyard (HSL) has undergone a major turnaround by achieving operating and net profit for the last four consecutive years (FY2015-16 to 2018-19) after a gap of 65 years without any financial assistance or grant from the government. Its revenue from operations (VoP) has increased year-on-year during the last four years. HSL has achieved a VoP of `595 crore, operating profit of `68.08 crore and profit after tax (PAT) of `36.23 crore during FY2018 -19. The PAT has increased by 73% during FY 2018-19whencomparedwithprevious year. HSL has turned around in securing orders in the competitive bidding process. HSL has emerged as the lowest bidder (L1) in the competitive tendering process for 3 tenders during the FY...