Business EconomyPosted at: Oct 15 2025 1:21AM


AP : Hindustan Shipyard conferred Mini Ratna Status

Visakhpatnam, Oct 14 (UNI) Hindustan Shipyard Limited (HSL) attained the prestigious Mini Ratna status today.
This historic milestone marks a defining moment in HSL’s journey of financial revival, operational excellence and growing contribution to India’s Maritime and Defence sectors, the company said in a release.
Established in 1941, HSL has been a cornerstone of India’s shipbuilding capability, supporting the Nation’s Naval and Commercial fleets.
HSL has posted net profit consistently over the last nine years from FY 2015–16 to FY 2024–25, except FY 2020–21 due to COVID-19-related production losses and supply chain disruptions. This performance highlights the resilience, commitment, and capability of HSL’s workforce.
HSL CMD Cmde Girideep Singh, said “It is a proud moment for all at HSL. Achieving Mini Ratna status reflects the dedication and commitment of our workforce. I extend heartfelt thanks to the Ministry of Defence, our customers, and business partners for their support, trust, and collaboration.”
This achievement symbolises resilience, leadership, and teamwork. With renewed strength and vision, HSL is set to enhance India’s maritime growth through innovation, green shipbuilding, and defence capability. Strategic collaborations and integration of advanced shipbuilding technologies will define its future journey.
From decades of struggle to renewed strength, HSL embodies the resilient spirit of India’s public sector enterprises and their capacity to drive national industrial transformation, he added.
UNI KNR CDS SSP
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