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Company type | Public Sector Undertaking |
---|---|
Industry | Ship building |
Founded | 1957 as Estaleiros Navais de Goa |
Headquarters | |
Key people | Brajesh Kumar Upadhyay (Chairman & MD) |
Products | Frigates Offshore Patrol Vessels Patrol boat Berthing pontoon Tugboat Pollution Control Vessel Fast attack craft Survey vessel Powership |
Revenue | ₹1,045.8 crore (US$130 million) (2023)[1] |
₹205.01 crore (US$25 million) (2023)[1] | |
₹154.54 crore (US$19 million) (2023)[1] | |
Total assets | ₹6,131.17 crore (US$730 million) (2023)[1] |
Total equity | ₹1,246.85 crore (US$150 million) (2023)[1] |
Number of employees | 1277 (March 2023)[1] |
Website | Goa Shipyard |
Goa Shipyard Limited (GSL) is an Indian Government owned ship building company located on the West Coast of India at Vasco da Gama, Goa. It was established in 1957, originally by the colonial government of the Portuguese in India as the "Estaleiros Navais de Goa", [2] to build barges to be used in Goa's growing mining industry, which took off after the establishment of India's blockade of Goa in 1955. In the wake of Portugal's defeat and unconditional surrender to India following the 1961 Indian annexation of Goa, it was requisitioned to manufacture warships for the Indian Navy and the Indian Coast Guard.
GSL is undergoing a modernisation of its yard to adapt to the latest technology in shipbuilding. To this purpose it is negotiating with well-known shipbuilders for an arrangement to collaborate. To date it has built 167 vessels, including barges, tugs, landing craft, offshore patrol vessels and other vessels for the Indian Navy and Coast Guard and for export to countries like Yemen.[3]
A new slipway has been commissioned to take up major repair jobs of ships in the dry dock area. A damage control simulator and two double boom level luffing cranes for heavy lifting have been constructed.[3]
GSL has built the following ships for military use:[4]
In 1997, GSL built the three-masted barque INS Tarangini for use as a training ship for the Indian Navy.
GSL has been nominated to build the following class of ships for the Indian Navy and Coast Guard:
GSL will jointly build twelve Mine Counter-Measure Vessels in collaboration with a ToT partner selected as per procedure.[10]
GSL will build two Talwar-class frigates in collaboration with Russia's United Ship Building.[11]
GSL has bagged an Order of Rs.65 Crore from Indian Army to build 12 fast patrol boats for the surveillance and patrolling at large water bodies. The First Vessel is expected to be delivered by July end of 2021.[12]
GSL will Construct two Pollution Control Vessels for the Indian Coast Guard. These vessels will be independently designed, developed and built by GSL. Both vessels are scheduled for delivery by November 2024, and May 2025, respectively.[13]