Rear Admiral LV Sarat Babu, NM, IN (Retd.), CMD, Hindustan Shipyard Ltd was recently honoured with the PSU Leadership Award. Given by ‘Governance Now’ the award is for his eminent leadership skills for transforming HSL from a loss making shipyard to a profit making one. The Shipyard was also awarded in the category of ‘Research & Innovation (Financial)’ for achieving operating and net profit for the last four consecutive years (FY 2015-16 to 2018-19) after a gap of 65 years without any financial assistance / grant from the Government. The Governance Now- 7th PSU Awards felicitation ceremony was recently held in New Delhi. These awards were presented by Mr. Arjun Ram Meghwal, Minister of State, Ministry of Heavy Industries and Public Enterprises.