website hit counter
Friday, April 4, 2025
Friday, April 4, 2025

HomeInternational NewsIndia’s HSL talks with Vietnam for Submarine refits

India’s HSL talks with Vietnam for Submarine refits

India’s HSL talks with Vietnam for Submarine refits

spot_img

India’s state-owned shipbuilder Hindustan Shipyards (HSL), as part of its strategy to expand its international presence, is in talks with the People’s Navy of Vietnam (VPN) for submarine refurbishment projects. Aligning with India’s goal of becoming a major exporter of defense products, the shipyard is exploring opportunities in the Philippines and other Southeast Asian countries.

Based in Visakhapatnam, HSL has a history of supporting the Indian Navy in shipbuilding and submarine repairs. In recent years, it has attracted international business, including refurbishing a US ship in 2021. The shipyard has also provided significant platforms such as India’s first nuclear missile tracking ship ‘INS Dhruv’ ocean surveillance ship and diving support vessels (DSV) for deep sea operations.

In 2024, HSL reported a record turnover of Rs 1,413 crore and a profit of Rs 119 crore, marking a milestone in its growth. Under the leadership of Hemant Khatri (retd), the company is developing a long-term strategic plan to increase production, diversify its offerings and integrate advanced technologies such as AI and robotics. HSL is also contracted to build five fleet support ships with deliveries to begin in 2027.

Latest articles

Breaking: IGP Deshabandu Tennakoon Remanded Until 10 April

Inspector General of Police Deshabandu Tennakoon has been remanded until the 10th of April...

Namal’s Law Degree Under Investigation for Alleged Exam Cheating, CID Informs Court

The Criminal Investigation Department (CID) has launched an inquiry into allegations that Member of...

Call of Duty producer defends games’ impact on young people

A developer behind the Call of Duty (CoD) series of titles has defended the...

‘The Simpsons’, ‘Family Guy’ renewed for four seasons on Fox

The animated television series "The Simpsons," "Family Guy" and "Bob's Burgers" have been renewed...

More like this

Indian, Russian naval ships set sail for Indra exercise

Indian and Russian naval ships set sail for the bilateral naval exercise Indra 2025,...

China conducts live-fire drills encircling Taiwan – military

The Chinese military has conducted a live-fire drill in the Taiwan Strait, it said...

Oil prices fall into negative territory as Trump announces new tariffs

Oil prices fell into negative territory on Wednesday after a dollar-high in trade after...