Hind Shipyard Awaits Centre & #8217;S Nod For Recast

The city-based Hindustan Shipyard Limited (HSL) is eagerly waiting for the government's nod for approval of the revised capital restructuring plan for its survival.

This shipyard is currently starving for ship-building orders, as on date there is no single new order on hand. The accumulated losses of HSL reached around Rs 1000 crore, currently it is suffering from lack of working capital.

At this stage, if the government does not take immediate decision on new restructuring plan, HSL