- Hindustan Shipyard Limited (HSL) will build a Strategic Operations Vessel (SOV), at an estimated cost of Rs.3,000 crore.
- Building the mini submarine would help the yard in acquiring technologies and gaining the expertise in building larger submarines in future.
- The expertise gained would help the yard to emerge as the second one in the country after Mazagon Docks Limited to have the capacity to build submarines.
- After refit, the submarine INS Sindhukirti was handed over to the Indian Navy at HSL.
- Submarine repair is 10 times more complicated than repairing a ship and HSL has proved its expertise in refitting submarines.
- It took nine years to complete the project worth Rs.900 crore and HSL officers are expecting another submarine refitting order from the Navy.
- HSL had signed a memorandum of understanding with Hyundai Heavy Industries, the largest shipyard of Korea.
- HSL has on its hands, orders worth Rs.1,500 crore for building 23 ships and ship repair orders worth Rs.150 crore.
- Two major orders worth Rs.8,000 crore for building two LPDs (landing platform docks) for the Navy, each costing Rs.4,000 crores were also in the pipeline.