Record Pre-Tax Revenue for HSL

10 Apr 2024 CW Team

Hindustan Shipyard Limited (HSL) has reached a significant milestone by recording its highest-ever pre-tax revenue, amounting to Rs 1597 crore. This achievement underscores the company's robust performance and its pivotal role in the maritime sector. HSL, a pioneering shipyard in India with a rich legacy spanning decades, has consistently demonstrated excellence in shipbuilding and repair services.

The remarkable surge in pre-tax revenue reflects HSL's strategic initiatives, operational efficiency, and adherence to quality standards. With a dedicated workforce and state-of-the-art infrastructure, HSL has emerged as a preferred choice for domestic and international clients seeking top-notch shipbuilding solutions.

This milestone is not only a testament to HSL's capabilities but also signifies its contribution to the national economy. By generating substantial revenue, HSL bolsters economic growth, fosters employment opportunities, and enhances India's maritime capabilities. Moreover, it reaffirms the shipyard's commitment to advancing the 'Make in India' initiative and promoting indigenous manufacturing.

HSL's achievement is particularly noteworthy amid the challenging economic landscape and disruptions caused by the COVID-19 pandemic. Despite these hurdles, the shipyard has persevered and excelled, showcasing resilience and adaptability in fulfilling its commitments.

The record pre-tax revenue highlights HSL's diversified portfolio and its ability to cater to diverse maritime needs. From constructing cutting-edge vessels to providing expert repair and maintenance services, HSL offers comprehensive solutions tailored to meet client requirements.

Furthermore, this milestone sets a benchmark for future growth and expansion. It underscores HSL's potential to further enhance its market presence, attract investment, and explore new avenues for collaboration and innovation.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..