Goa Shipyard Unlisted Shares
Goa Shipyard Ltd launches two indigenous fast patrol vessels for Indian Coast Guard
The Ecoonomic Times
2 min read
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.
GSL’s launch of two FPVs highlights its 100% revenue growth, modernization, and dedication to Indigenous defense production.
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