Hindustan Shipyard Ltd., strategically located on the East Coast of the Indian peninsula, at Visakhapatnam, Andhra Pradesh, is the nations premier shipbuilding organization catering to the needs of shipbuilding, ship repairs, submarine construction and refits as well as design and construction of sophisticated state-of-the-art offshore and onshore structures. Direct sea access, excellent infrastructure, skilled work force, rich expertise garnered over the years in building 187 vessels and repairing 1968 vessels of various types enable HSL to offer competent services for the defence and maritime sectors. Considering the strategic requirements, the yard was brought under the administrative control of the Ministry of Defence on 22 Feb 2010. The Registered Office of the company is located in Visakhapatnam and has regional office at New Delhi.
The long journey towards making ships in India started during the pre-independent years with the founding of the first green-field shipyard in the year 1941 in the name Scindia Steam Navigation Co. Ltd by the great industrialist and visionary Seth WalchandHirachand which is today known as the Hindustan Shipyard Ltd.
Walchand selected Vishakhaptnam as a strategic and ideal location and took possession of land in November 1940. The World War II was going on and in April 1941, the Japanese bombed the town. However, Walchand was unfettered and decided to go ahead with his plan of building a shipbuilding industry in India. In the days when it was unthinkable of foundation ceremony to be done by anyone other than British officials, the truly patriotic Walchand decided to break the tradition and the foundation stone for the shipyard was laid by Dr.Rajendra Prasad on 21 June 1941, who was acting Congress President at that time. The first ship to be constructed fully in India after independence was built at the Scindia Shipyard and named JalUsha. It was launched in 1948 by Jawaharlal Nehru by the first Prime Minister of India, at a ceremony where the families of Seth WalchandHirachand, late NarottamMorarjee and TulsidasKilachand, the partners of Scindia Shipyard, were present along with other dignitaries and industrialists.
Walchand died in 1953, and the Scindia Shipyard continued to flourish under next of kins of founders. However, later on the government of India decided to nationalise the Scindia Shipyard, as it was a sensitive and strategic related to defence sector of the country. After Independence, two thirds of its holdings were acquired by Govt. of India in 1952 and Hindustan Shipyard Ltd was incorporated on 21 Jan 1952. Balance one third share was acquired by GoI in Jul 1961 and the Shipyard became a fully owned Govt. of India undertaking under the administrative control of Ministry of Shipping.
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