Reports indicate that Hindustan Shipyard Ltd (HSL) of India is set to add naval ships to its order book.
The defense ministry is keen to place orders for building naval ships at HSL and a decision is expected by next month, reports said.
Mazgaon Docks Ltd, Garden Reach, Kolkata, Goa Shipyard and Cochin Shipyard build most of the naval ships. Among the private firms, ABG Shipyard has built some coast guard ships, while Bharati Shipyard has built some vessels for the Indian Navy.
In this context, placing a few orders with HSL will ease the pressure somewhat.
It plans to invest in modernizations of the facilities by acquiring more cranes, improving material handling, automation and improved infrastructure, in the next five years.
Source: DNA