Wednesday, July 19, 2017

MoUs Between Ministry Of Defence & Defence Public Sector Units



1. MoU Signed Between Department of Defence Production and GSL

Goa Shipyard Limited (GSL), a miniratna Defence Public Sector Undertaking (DPSU) signed a Memorandum of Understanding (MoU) for the financial year 2017-18, here today. The annual MoU was signed between Secretary (Defence Production) Shri Ashok Kumar Gupta on behalf of the Ministry of Defence and Chairman and Managing Director (CMD), GSL Rear Adm (Retd) Shekhar Mital.

This year’s MoU target for ‘Revenue from Operations’ has been set at     ₹ 1150 crore, which is 43 percent higher than the financial year 2016-17 target of ₹ 800 crore. Notably in financial year 2016-17, the Shipyard achieved historical high VoP of ₹ 1030 crore and PBT of ₹ 177 crore. GSL was adjudged as ‘Best Performing Shipyard’ by MoD. Target for PAT to Networth ratio has been set at 13.30 percent.

Export target has been set at 28 percent of ‘Revenue from Operations’, which is highest among DPSU Shipyards.

2. Mou Signed between Department of Defence Production and HSL

Hindustan Shipyard Limited (HSL), a Schedule ‘B’ Central Public Sector Enterprise (CPSE) under the administrative control of Department of Defence Production, Ministry of Defence signed a Memorandum of Understanding (MoU) for the financial year 2017-18 with the Ministry, here today. The annual MoU was signed between Secretary (Defence Production) Shri Ashok Kumar Gupta on behalf of the Ministry of Defence and Chairman and Managing Director HSL Rear Adm (Retd) LV Sarat Babu.

The MoU, outlines targets on various performance parameters for the company during the year. The revenue from operations has been targeted at Rs 600 Crore.

3. MoU Signed Between Department Of Defence Production And GRSE

A Memorandum of Understanding (MoU) was signed between Secretary (Defence Production) Shri Ashok Kumar Gupta on behalf of the Ministry of Defence and Chairman and Managing Director (CMD), Garden Reach Shipbuilders & Engineers Limited (GRSE) Rear Adm (Retd) VK Saxena, here today. The MoU details the targets and achievements expected on various MoU performance indicators of the company during 2017-18.

The company has targeted to achieve a turnover of ₹ 1350 crore which is about 40 percent more than actual achievements of last financial year (2016-17).

During the current year, the company planned to spend ₹ 50 crore as CAPEX for further strengthening the infrastructure facilities including improving the design capabilities for construction of P-17A ships.

As part of ‘Make in India’ initiative of the Government, GRSE has set a target to develop Indigenous Capability and Infrastructure for Assembly, Test & Trial of Marine Diesel Engines, at its Engine Plant at Ranchi, during the current financial year.

4. Mou Signed between Department of Defence Production and BDL

Bharat Dynamics Limited (BDL), a miniratna Defence Public Sector Undertaking (DPSU) has signed a Memorandum of Understanding (MoU) with the Ministry of Defence for the financial year 2017-18.

The MoU, which was signed between Secretary (Defence Production) Shri AK Gupta on behalf of the Ministry of Defence and the Chairman and Managing Director (CMD), BDL Shri V Udaya Bhaskar, here today, outlines targets and various performance parameters for BDL for the year 2017-18.

The revenue from operations, as per the MoU, has been targeted at Rs 5300 crore, which is an increase of 20 percent over the previous year. BDL has planned to spend an amount of Rs 140 crore for modernization and Capital expenditure.

BDL has also drawn a roadmap to meet its scheduled delivery of ATGM and SAM to its customer for the year 2017-18. Continuing with its green initiative, BDL has planned 5 MW Solar Plant at its upcoming unit at lbrahimpatnam in Telangana.

A substantial emphasis has been made on R&D by the company in pursuit of its self-reliance. Design and development of Advanced Data Field Loader is planned for the year 2017-18.

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