Goa Shipyard Limited (GSL), functioning under the administrative control of the MoD, Govt. of India, has positioned itself as a fastest growing shipbuilder on the west coast of India, capable of designing and building high technology and sophisticated ships. With an unmatchable track record of timely execution and delivery at ‘fixed cost’ of over 200 Ships and more than 160 Fast Interceptor Boats, GSL stands as the success story of the changing face of Indian Defence Shipyards.
Equipped with an in-house design capability and most modern facilities, GSL has excelled in its core competence area of building a wide range of Patrol Vessels, Missile Boats, Landing Crafts, Training Vessels, Survey Vessels, Sail Training Ships, Fast Patrol Vessels and Yardscrafts for the Defence Sector, besides other types of vessels in the commercial sector. GSL has capability to design and build ships to customer’s requirements and its in-house R&D unit is recognized by DSIR, Ministry of Science & Technology, Govt. of India.
Indian Navy OPV INS Sumitra
The last four years have seen transformational performance by Shipyard in all quarters. The Shipyard established unique benchmark in Indian Shipbuilding by delivering over 23 ships, all ahead of schedule, amounting to Gross tonnage of 32,000 tonnes (12,000 tonnes in FY 17-18), highest in the industry. The throughput achieved validates the processes & productivity which has been consistently increasing year on year. GSL is the only Shipyard which has achieved ‘Excellent’ MoU rating in last financial year with unique distinction of 100% marks, first amongst all Shipyards in last 10 years.
The Shipyard has recently completed Coast Guard Advanced Offshore Patrol Vessel Project (AOPV) involving six ships, with delivery of the last Vessel on 04 Nov 17. It is a matter of pride that project was completed in 05 years from 2012-17 with all six Vessels delivered ahead of schedule and build period of 2400 ton AOPVs reduced to 36 months from 67 months taken earlier for last OPVs built by GSL. Based on the superior operational performance of these Vessels and reduced ‘build periods’ achieved by the Shipyard, Coast Guard has placed order for construction of additional 05 OPVs, work for which commenced in Mar 17 with delivery scheduled in 2020-21.
Indian COast Guard Ship ICGS Shaurya
The Shipyard, with its excellent track record and performance far ahead of its peers, has made significant inroads into global market with export of diverse vessels to Indian Ocean Region (IOR) Countries. Shipyard’s share of exports have been increasing year after year and in the last three years alone it has delivered 02 OPV to Sri Lanka, 11 FIBs and 02 FPVs to Mauritius, and a Damage Control Simulator to Myanmar. These projects again were delivered ahead of schedule and superior build quality led to accolades at the highest levels. The two Sri Lankan OPVs are the biggest warships to be exported from India and largest in the Sri Lankan Fleet. With these deliveries, the Shipyard has emerged as the largest exporter of defence ships from India and poised to build upon it further in the coming future. Based on export performance, the Shipyard was given RM’s award for ‘Best performing in export amongst all DPSUs’ for FY 14-15.
Early delivery of ships has resulted into improving top line and bottom line year after year. The Value of Production (VoP) has jumped 3 times from 500 Crore in FY 13-14 to 1400 Crore in FY 17-18 and PBT increasing about 4.5 times from (-)63 Crore in FY 13-14 to Rs 300 Crore in FY 17-18. Over 30% compounded growth achieved in the last 04 years when compared with other shipyards operating under similar eco system highlights the exceptional performance achieved by the Company. These excellent results are a direct manifestation of new benchmarks established on reduced ‘build periods’, higer productivity and reduced lobour costs etc, thereby reducing overheads significantly.
Fast Patrol Vessel for Mautius Coast Guard MCGS VALIANT
Riding on the success wave, GSL has a promising future as it is scheduled to execute highly challenging state of the art Projects for 12 Mine Counter Measure Vessels (MCMVs) and 02 Advanced Missile Frigates for Indian Navy. For construction MCMVs, majority of infrastructure, expertise and planning has been put into place so as to start construction by 2019/20. The requisite infrastructure is almost complete with balance 15 to 20% likely to complete by 2019-20. The Phase 3A was inaugurated by Hon’ble Prime Minister on 13 Nov 2016 which reflects the importance attached to this Project. Post completion of MCMV infrastructure, GSL would be the only Shipyard in India to be armed with specialised construction technology of GRP composite hull for MCMVs.
With regards to Advanced Missile Frigates 1135.6, the first two ships of the class will be constructed at Russia and the next two will be constructed at GSL under ToT. The PNC for the Project is in advanced stage of conclusion and preparatory activities are in full swing to commence construction by 2020/21. This Project will aid in consolidating GSL’s position in construction of large weapon intensive platforms.
Constantly building and consolidating its experience gained over half a century and reputation for excellence and consistent track record of timely deliveries, GSL today, confidently looks ahead to successfully meet the challenges of the future requirement of our forces indigenously.
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