Hindustan Shipyard Limited
The Ministry of Defence's shipyard at Visakhapatnam, wholly owned by the Government of India, which builds and repairs ships and submarines for the Navy and other users. On 31 August 2026 the Navy commissioned INS Nipun, a diving-support vessel the yard designed and built.
This page is a factual profile built from official sources: enterprise filings, the DPE Public Enterprises Survey, PIB releases, government orders and CAG reports. Figures carry their year; where no official figure was found, the field is left out rather than estimated.
How we verify →The Ministry of Defence's shipyard at Visakhapatnam, wholly owned by the Government of India, which builds and repairs ships and submarines for the Navy and other users. On 31 August 2026 the Navy commissioned INS Nipun, a diving-support vessel the yard designed and built.
What happened
Hindustan Shipyard Limited was incorporated under the Indian Companies Act, 1913 to build and repair ships and submarines for defence, merchant, marine and oil-sector users. It is a Schedule B CPSE under the Department of Defence Production, Ministry of Defence, 100% owned by the Government of India, with 624 regular employees on 31 March 2025, according to the Public Enterprises Selection Board.
A Ministry of Heavy Industries reply of 10 March 2026, drawing on the DPE Public Enterprises Survey, lists its net profit for 2024-25 as Rs 21,348 lakh (Rs 213.48 crore), up from Rs 11,882 lakh in 2023-24.
The yard delivered INS Nipun, the second Nistar-class diving support vessel, to the Navy on 30 July 2026, and the Navy commissioned it on 31 August 2026. The Ministry of Defence said it was 'indigenously designed and constructed by Hindustan Shipyard Limited, Visakhapatnam'.
What we could not confirm
Revenue for 2024-25 was not given in the official release used.