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  3. Goa Shipyard Ltd launches two indigenous fast patrol vessels for Indian…

Goa Shipyard Ltd launches two indigenous fast patrol vessels for Indian Coast Guard

5 Jan 2025

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Key Takeaways

GSL’s launch of two FPVs highlights its 100% revenue growth, modernization, and dedication to Indigenous defense production.


GSL’s launch of two FPVs highlights its 100% revenue growth, modernization, and dedication to Indigenous defense production.


Goa Shipyard Unlisted Shares

Goa Shipyard

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Expert Analysis

Goa Shipyard Ltd Launches Two Indigenous Fast Patrol Vessels for Indian Coast Guard.

Expert Analysis:

  • Launch of FPVs: Goa Shipyard Limited (GSL) launched two indigenously designed Fast Patrol Vessels (FPVs) – Amulya and Akshay – for the Indian Coast Guard.

  • Commitment to Excellence: This launch marks GSL’s commitment to technological and operational excellence.

  • Revenue Growth: GSL has achieved a remarkable 100% increase in Gross Revenue, surpassing Rs 2,000 Crore.

  • Key Attendees: The launch was attended by Sanjeev Kumar, IAS, Secretary (Defence Production), IG HK Sharma, TM, DDG (M&M), and key stakeholders.

  • Fleet Expansion: GSL is constructing a fleet of eight FPVs for the Indian Coast Guard, with two more vessels launching in October 2024.

  • Indigenous Focus: The vessels are designed in-house by GSL, emphasizing the Atmanirbhar Bharat initiative and indigenous defense production.

  • Modernization Achievement: The simultaneous launch of two vessels using the Ship-Lift System highlights GSL's modernization and advanced capabilities.

  • Resilience and Collaboration: Secretary (DP) praised GSL’s resilience in overcoming challenges and its enduring collaboration with the Indian Coast Guard.

Publisher:The Ecoonomic Times