Latest news with #HemantKhatri
Hans India
30-07-2025
- Business
- Hans India
HSL achieves 80% of indigenous content on recently delivered INS Nistar
Visakhapatnam: Hindustan Shipyard Limited (HSL) is consistently making efforts to boost indigenisation in its ship construction projects under Make in India policy, said C&MD of HSL Cmde Hemant Khatri (Retd). At a media briefing organised on Tuesday, he stated that the HSL achieved 80 per cent of indigenous content on recently delivered INS Nistar and 72 per cent of indigenous content in floating dock. The yard has indigenised 39 items worth Rs 220 crore which were being imported. The organisation provides employment in and around Visakhapatnam. 'HSL has been undergoing a rapid and comprehensive transformation. The significant reforms implemented by it across all facets in recent years, including various policy changes aimed at improving the ease of doing business, have been instrumental in driving our growth. As a testament to these transformational efforts, HSL has received 14 awards and recognitions in the last one year as displayed on the slide,' the C&MD mentioned. The financial performance over the last five years reflected a strong growth trajectory and turnaround. 'Our total income has increased steadily from Rs.403 crore in FY 2020–21 to Rs.1,783 crore in FY 2024–25 which is a more than four-fold increase over five years. Net worth in the last five years is a testament to the rapid transformation, commitment and growth the shipyard has taken in its march towards positive net worth company,' said Cmde Hemant Khatri. Considering the past experience in repairing EKM submarines and successful execution of NR of INS Sindhukirti, he stated, HSL is poised to undertake MRLC of INS Sindhuvijay in India for the first time. Keeping in line the strategic requirements the company has also signed an MoU with MDL to step its foot from submarine repair to submarine construction. Towards contributing to the prestigious GTTP programme, HSL has taken many pro-active initiatives including strategic partnership agreement with Lotus Wireless, Visakhapatnam and Vinssen and DSEC of South Korea. Stating that there's emergingrequirement to counter the drone fighting capabilities in newly built vessels, the HSL C&MD said, 'Recently, an MOU was signed with Pentagon Rugged Systems for developing anti-drone technology and long range NLOS communication for naval vessels. We have also entered into an MoU with BEML to develop indigenous marine systems in line with Atmanirbhar Bharat. HSL signed an MoU with Worlds leading Shipbuilding Company Fincantieri and reputed design agency DESC Korea to construct vessels embedded with latest technology and advanced design integration.'
News18
25-07-2025
- Business
- News18
BEML, Hindustan Shipyard come together to develop advanced marine systems
New Delhi, Jul 25 (PTI) State-owned entities BEML Ltd and Hindustan Shipyard have partnered to jointly work on the development of advanced marine systems. The agreement was signed between BEML CMD Shantanu Roy and HSL CMD Hemant Khatri along with senior leadership from both organisations in the national capital. In a statement on Friday, BEML Ltd announced entering into a strategic Memorandum of Understanding (MoU) with HSL to collaborate on the co-creation of advanced marine systems encompassing innovation, indigenous design, manufacturing, and end-to-end lifecycle support. 'This collaboration with HSL marks a defining moment in our expansion into the marine sector. It is a strategic convergence of two national institutions committed to engineering excellence, indigenisation, and strengthening India's global footprint in maritime innovation," BEML CMD Roy said. Under the agreement, BEML will spearhead the design and development of specialised systems, applying its domain expertise in platform engineering and structural optimisation. BEML, under the administrative control of the Ministry of Defence, operates in three verticals – construction and mining, rail and metro, and defence and aerospace. HSL is the nation's premier shipbuilding organization, catering to the needs of shipbuilding, ship repairs, submarine construction and refits, as well as the design and construction of complex and state-of-the-art offshore and onshore structures. PTI ABI HVA view comments First Published: July 25, 2025, 21:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
NDTV
16-07-2025
- Business
- NDTV
Navy Shares Glimpses Of First Homegrown Nistar-Class Diving Support Vessel
New Delhi: The Indian Navy has shared the first glimpse of its upcoming Nistar-class Diving Support Vessel (DSV). The indigenously built vessel, constructed by Hindustan Shipyard Limited (HSL) in Visakhapatnam, is designed to support various underwater missions such as submarine rescue and deep-sea diving operations. Nistar, equipped with cutting-edge deep-sea diving systems, is set to join the Eastern Naval Command soon. The vessel, a major milestone under the Atmanirbhar Bharat initiative, features 80 per cent indigenous content and was developed in collaboration with over 120 MSMEs. Nistar - The Construction Journey Soon to join #EasternNavalCommand - #Nistar, India's first indigenously designed Diving Support Vessel. Built by Hindustan Shipyard Ltd, Nistar is a shining symbol of #AatmanirbharBharat with 80% indigenisation & 120 MSMEs collaborating She… — SpokespersonNavy (@indiannavy) July 12, 2025 Cmde Hemant Khatri (retired), Chairman and Managing Director of HSL, descrived the vessel as a national achievement. "Nistar, when it's commissioned and delivered to the crew, is going to be the pride of the Indian Navy. It is a ship made for the Indian Navy by an Indian shipyard and of indigenous material," he said. The vessel's operational envelope is significantly improved by the extensive diving complex on board, which includes both air and saturation diving systems, underwater remotely operated vehicles (ROVs), and side scan sonar. One of the ship's most important functions will be serving as the Deep Submergence Rescue Vessel's (DSRV) "mother ship," which is in charge of personnel rescue and evacuation in the event of a submarine emergency. Nistar is capable of performing deep-sea saturation diving operations to depths of 300 metres. It also has a side diving stage that can accommodate dives up to 75 metres deep. The ship's keel was laid on December 28, 2019, and despite challenges imposed by the Covid-19 pandemic, both vessels of the Nistar class were launched within just 33 months. A total of 4,500 tonnes of steel and approximately 450 km of cabling were required to bring this ship to life.
The Hindu
11-07-2025
- Science
- The Hindu
HSL delivers Diving Support Vessel Nistar to Navy
The Hindustan Shipyard Limited (HSL) delivered the indigenously built DP-II Diving Support Vessel (DSV) Nistar to the Indian Navy at the Eastern Naval Command (ENC) on July 8, said a release on Thursday. Designed as a mother ship for a Deep Submergence Rescue Vessel (DSRV), Nistar is a critical asset for submarine rescue missions and crew evacuation It was formally made through a document signed by HSL CMD Commodore Hemant Khatri, and Commander Amit Subhro Banerji, Commanding Officer of Nistar, in the presence of Rear Admiral Ravnish Seth, Chief Staff Officer (Technical). The 118-metre-long, 10,000-tonne vessel is equipped with state-of-the-art diving systems, enabling deep-sea saturation diving and submarine rescue operations up to 300 metres. The vessel houses remotely operated vehicles (ROVs) capable of monitoring divers and conducting underwater salvage tasks at depths of up to 1,000 metres. Approximately 75% of the vessel is built using indigenous components. Following the delivery of INS Dhruv in 2020, Nistar is HSL's second major strategic platform for building advanced naval assets.
Hans India
11-07-2025
- Business
- Hans India
HSL surges ahead in catering to naval needs
Visakhapatnam: With two landmark achievements within 24 hours, Hindustan Shipyard Limited (HSL) continues its remarkable growth trajectory. They included delivery of the advanced DP-II Diving Support Vessel Nistar to the Indian Navy on July 8, followed by the keel laying of Fleet Support Ship-3 (FSS-3) on July 9 at L&T Shipyard, Kattupalli. The keel was laid by Vice Admiral Rajaram Swaminathan, Controller of Warship Production and Acquisition in the presence of C&MD of HSL Cmde Hemant Khatri (Retd) along with senior officials from the Indian Navy, HSL and L&T. The steel cutting of the fourth FSS was also recently carried out by the CNS at HSL. FSS-3 is the third of five in the series of 43,000 T FSS awarded to HSL with two being built in collaboration with L&T, highlighting India's strong public-private partnership in defence. Notably, all five FSS have transitioned into various stages of construction concurrently, less than two years since the contract was inked. This highlights HSL's enhanced project execution capability and coordination across multiple shipbuilding sites. From building small auxiliary vessels to delivering strategic platforms like INS Dhruv and Nistar, HSL has made a transformational leap in technology, engineering precision and expertise. With five FSS vessels underway and upgraded infrastructure including a 300T Goliath crane and refurbished slipway, HSL is firmly positioned to meet future naval needs including LPDs and next-generation platforms. Expressing gratitude to the Indian Navy for their continued support and to L&T Shipyard for their partnership on FSS-2 and FSS-3, the C&MD, HSL affirmed that HSL is rising confidently despite challenges and setting new benchmarks in India's strategic shipbuilding domain.
