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Hindustan Shipyard Ltd returns to positive net worth
The Business Guardian
|April 13, 2025
India's oldest shipyard, Hindustan Shipyard Limited (HSL), is experiencing a significant turnaround following decades of financial challenges.
Historically burdened by substantial losses, the company recorded a negative net worth, peaking at Rs 1,023 crore during the fiscal year 2014-15.
Despite receiving government grants totalling Rs 452.68 crore in FY 2010-11 and further infrastructure support of Rs 457.36 crore in FY 2011-12, financial stability remained elusive, worsened by the impact of the COVID-19 pandemic which saw its negative net worth fall to Rs 595.16 crore in 2020.
However, recent strategic shifts initiated under Commodore Hemant Khatri, the current Chairman and Managing Director, have resulted in significant improvements. A series of measures aimed at enhancing financial discipline, operational efficiency, and resolving legacy liabilities has enabled HSL to recover significantly, with turnover increasing from Rs 478 crore in FY 2020-21 to Rs 1,413 crore in FY 2023-24.
Cette histoire est tirée de l'édition April 13, 2025 de The Business Guardian.
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