State-run Hindustan Shipyard Limited has achieved an operating profit of Rs 68.08 crore and profit after tax of Rs 36.23 crore during fiscal 2018-19, Chairman and Managing Director and Rear-Admiral (Retd) L.V. Sarat Babu said on September 28.
This is the fourth consecutive year it is achieving profit, he told the media. During 2018-19 all three business segments shipbuilding, ship repair and submarine refit have contributed towards achieving a production value of Rs.595 crore.
The shipyard has also taken steps for the wage revision for officers and workmen with effect from 2018 and the proposals had alreadybeen sent to the defence ministry and it is expected to get approval in due course, he said.Read More…
