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Success for Make in India! Hindustan Shipyard boasts a healthy order book, says the outgoing CMD

Hindustan Shipyard Ltd, which has been focusing on `Make in India’ a big success has undergone a significant financial turnaround and in the last four financial years has posted profits. These profits came after a gap of almost four decades. Talking about the order book of the yard, the outgoing CMD of the Shipyard, RAdm LV Sarat Babu, in a conversation with Financial Express Online said “The order book is good. The yard is resently building for the Indian Navy two Diving support vessels costing about Rs 2500 crores, as well as four 50 tonne bollard pull tugs costing about Rs 250 crores.” The yard is also working on ships and vessels for the Indian Coast Guard, DCI, the Fisheries department and for other private companies. (Photo source: PTI) “The shipyard has also recently won a contract for constructing semi-submersible pontoon for the Indian Navy costing about Rs 450 crores,” RAdm Sarat Babu said. The shipyard has set a record by recently completing a major refit of EKM clas...

Indian Navy inducts indigenously developed anti-torpedo decoy system Maareech

‘Maareech’ has been designed and developed indigenously by the Defence Research and Development Organization (DRDO) and it is capable of detecting, locating and neutralizing incoming torpedo. Bharat Electronics Limited, a defence PSU, would undertake the production of this decoy system, the Navy stated.(HT FIle / Photo used for representational purpose only) The Indian Navy said on Friday it has inducted an advanced anti-torpedo decoy system called ‘Maareech’ that is capable of being fired from all frontline ships. ‘Maareech’ has been designed and developed indigenously by the Defence Research and Development Organization (DRDO) and it is capable of detecting, locating and neutralizing incoming torpedo. In a release, the Navy said, “The prototype of this system installed onboard a nominated naval platform had successfully completed all user evaluation trials and demonstrated the features as per the Naval Staff Qualification Requirements.” This induction not only stands testimony to ...