HSL Shipyard Limited launched work on the Diving Support Vessels project

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HSL Shipyard Limited launched work on the Diving Support Vessels project

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The HSL (Hindustan Shipyard Limited) has introduced work on the prestigious DSV (Diving Support Vessels) prestigious project which was awarded to it by the Indian Navy to increase its submarine support operations.

2,050-crore project

construction of two DSVs will cost Rs. Rs 2,050 crore, boosting the order book position of the HSL, a premier shipbuilding yard under the Union Ministry of Defence set up in 1941. According to the officials.

“We will deliver the first DSV in three years from the date of construction and the second one a year later. The vessels will be used for rescue and relief, submarine repair, recovery, testing and salvage operations,” HSL Chairman and Managing Director Rear Admiral L.V. Sarat Babu told The Hindu.

The shipyard has completed the price negotiations with the Indian Navy for the project related to construction for four 50 tonne bollard pull tugs. The Navy is all set to award the contract for the Rs. The 250-crore project soon, it is learnt.

Fleet Support Vessels

For the construction of five Fleet Support Ships (FSS) costing Rs. 9,500 crore, the HSL has started the process for issuing Request for Proposal (RFP). It has released the ‘Expression of Interest’ (EOI) suggestion from the global consultants as a design partner. The bids submission will start in March.

The construction of FSS is expected to start during early next year after signing the contract. The renew work for Russia-made INS Sindhuvir, an EKM class submarine costing Rs.500 crore will also be completed by the year-end.

“The HSL has been earning net and operating profits for three consecutive years and for the fourth year in a row, the yard is poised to continue its success story during 2018-19 fiscal year,” Rear Admiral Sarat Babu said.

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