State-owned enterprises BEML Ltd and Hindustan Shipyard Ltd (HSL) have entered into a strategic partnership to jointly develop advanced marine systems, marking a significant step forward in India’s maritime innovation and indigenisation efforts.
The agreement was formalised in New Delhi with BEML Chairman and Managing Director Shantanu Roy and HSL CMD Hemant Khatri signing the Memorandum of Understanding (MoU), alongside senior officials from both organisations. In an official statement released on Friday, BEML announced the MoU as a key strategic collaboration aimed at co-developing innovative marine solutions. The partnership will cover indigenous design, manufacturing, and comprehensive lifecycle support of advanced marine systems.
“This collaboration with HSL marks a defining moment in our expansion into the marine sector,” said BEML CMD Shantanu Roy. “It represents a strategic convergence of two national institutions committed to engineering excellence, indigenisation, and enhancing India’s presence in global maritime innovation.”
Under the terms of the MoU, BEML will lead the design and development of specialised marine systems, leveraging its core expertise in platform engineering and structural optimisation. HSL will complement these efforts by driving indigenisation initiatives and utilising BEML’s robust manufacturing capabilities, particularly in defence and heavy engineering.
Hindustan Shipyard Limited (HSL), a premier shipbuilding and ship repair yard under the Ministry of Defence, is a strategic asset to India’s maritime sector. Located in Visakhapatnam, Andhra Pradesh, HSL has played a pivotal role in strengthening the nation’s naval and industrial capabilities since its inception.
The shipyard specializes in the construction and refit of naval vessels, submarines, and a wide range of commercial ships, as well as the design and fabrication of advanced offshore and onshore structures. With a strong focus on indigenisation, innovation, and self-reliance, HSL continues to contribute significantly to India’s defence preparedness and maritime infrastructure development.
Founded in 1964, BEML Limited is one of Asia’s foremost manufacturers of earth-moving equipment. Headquartered in Bengaluru, the company operates three key verticals: Defence & Aerospace, Mining & Construction, and Rail & Metro. BEML plays a strategic role in serving India’s defence and infrastructure sectors with a broad product range that includes military vehicles, mining machinery, rail coaches, and metro trains.
