Daily Current Affairs / Hindustan Shipyard Limited (HSL) Conferred Mini Ratna Status
Category : Business and economics Published on: October 17 2025
Hindustan Shipyard Limited (HSL), Visakhapatnam, established in 1941, was conferred the Mini Ratna status by the Government of India. The recognition marks HSL’s turnaround from decades of financial struggles to consistent profitability and operational excellence. Since 2015, reforms in financial management, productivity, and technological modernization led to net profits in nine of the last ten years. The Mini Ratna status grants greater autonomy, enabling HSL to undertake strategic initiatives, high-value projects and foster innovation in naval and green shipbuilding, supporting India’s self-reliance in maritime defence.
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