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VIZAG INDUSTRIAL NEWS

Hindustan Shipyard CMD Sarat Babu congratulated by Port Trust Chairman on the achievement of its turnaround

MT Krishna Babu, IAS, Chairman, Visakhapatnam Port Trust visited Hindustan Shipyard Ltd on 10 May 2019. Rear Admiral LV Sarat Babu,IN, (Retd), C&MD, HSL received the dignitary and briefed about the unique capabilities, facilities and achievements of the shipyard.

Chairman, VPT appreciated the significant efforts of all the employees under the able leadership of C&MD, HSL in achieving the turnaround of the shipyard. With the best productivity measures and improved morale, the shipyard has turnaround by posting both net profit &operating profit in last three consecutive financial years (FY 2015-16, 2016-17 and 2017-18) for the first time in the last 40 years.

On this occasion, the SAP S4/ HANA ERP system being implemented in HSL has been inaugurated by  MT Krishna Babu, IAS, Chairman,VPT. On inauguration, the SAP system ‘GO-LIVE’ commenced by transferring 3D CAD data from Design Office to the Plasma cutting machine in the production floor for cutting steel. HSL partnered with M/s Tech Mahindra Ltd to implement SAPS4 / HANA ERP software. This would be first time in any Indian Shipyard that PLM Design software would be integrated with ERP SAP S4 / HANA software. In fact not many shipyards in the world have this feature included in the ERP SAP S4/HANA software.

Chairman, VPT stated that there is a vast potential for HSL to secure high value construction and repair orders. He emphasized that both Indian Navy and Coast Guard have embarked on massive expansion plan to strengthen their fleets and HSL may grab this opportunity to undertake construction of sophisticated Defence vessels. He wished that the shipyard will continue to flourish in the coming years and will have bright prospects in near future.
 
Friday, May 10, 2019 5/10/2019 12:11:26 PM
Keywords
Hindustan Shipyard, Sarat Babu, Turnaround,
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