HSL posts best-ever income of Rs.1783 crore in 2024-25

In FY 2024–25, Hindustan Shipyard Limited (HSL) posted its best-ever financials with Rs.1783 crore income, Rs.284 crore PBT (profit before tax), and a positive net worth of Rs.493 crore after 40 years. The company stated that it has performed the steel cutting of the fourth Fleet Support Ship (FSS) for the Indian Navy. The fourth FS will be built on the upgraded slipway with a 300T Goliath crane, enhancing HSL’s capacity for future large naval projects like LPDs. Notably, all four FSSs began construction within 22 months of contract signing, reflecting strong execution and growing momentum. With a healthy order book, modern infrastructure, and focus on indigenisation and quality, HSL is well-positioned to support Atma Nirbhar Bharat and “Make for the World.”

The ceremonial steel cutting was formally initiated by Admiral Dinesh K Tripathi, Chief of the Naval Staff on Thursday, in the presence of Vice Adm Rajesh Pendharkar, Flag Officer Commanding-in-Chief, Eastern Naval Command and other senior officials from the Navy and HSL. The CNS lauded HSL’s progress and stated that the FSS will be the second-largest indigenous warship after INS Vikrant. At 223 meters long and over 40,000T in displacement, it will enable fleet replenishment, helicopter operations, frontline maintenance, and HADR support—boosting naval endurance at sea. Amidst evolving security challenges, he stressed the need for a combat-ready, future-proof Navy. Highlighting that 59 of 60 naval ships under construction are being built in India, he reaffirmed the

Navy’s commitment to self-reliance and the Prime Minister’s “Maha Sagar” vision for secure, cooperative maritime growth. Cmde Hemant Khatri, CMD of HSL, highlighted the strategic importance of the FSS project awarded after a long gap which affirmed HSL’s readiness to deliver, leveraging experience from INS Dhruv and Diving Support Vessels.