India’s oldest shipbuilding yard, Hindustan Shipyard Ltd (HSL) recently celebrated its 79th Foundation day. HSL Chairman and Managing Director Rear-Admiral(Retd.) L Sarat Babu said the shipyard had a bright future, with the company undergoing a major turnaround and posting net profits since 2016. Speaking at the 79th Foundation Day of HSL, he said the company has emerged as L1 bidder for construction of semi-submersible pontoons worth Rs 420 Cr. Further, HSL has also won refit orders worth Rs 150 Cr (approx.) for normal refits of INS Sutlej and INS Sujatha of Indian Navy through competitive bidding. “All these contracts have been secured amidst stiff competition from public sector shipyards and Private shipyards,” Rear-Admiral Sarat Babu said.