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Monday, December 14, 2009

Hindustan Shipyard Ltd likely to be transferred to Defence Ministry


Hindustan Shipyard Ltd, Visakhapatnam
The State-owned Hindustan Shipyard Limited (HSL), which is currently being used by the Shipping Ministry to build ships, could be used for constructing nuclear submarines after it is transferred to the Defence Ministry.

The Union Cabinet, which has received a letter from the Shipping Ministry in this regard, is expected to consider the proposal soon, media reports here said.

Negotiations were going on between the two ministries for quite some time to transfer the shipyard to the Defence Ministry for strategic purposes.

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