PSL’s long-term strategy is to have four pillars to stand on, each capable of supporting the Shipyard on its own. The Company has engaged in activities in the following business sectors: Commercial shipbuilding Offshore fabrication and servicing Naval War-Ship Building Ship repair

This strategy will insulate PSL from the the risks of relying on one market segment alone, and also allow for profitable business opportunities in each segment to be grasped as market conditions dictate.

PSL has been set up with the in-built flexibility to switch from one product type to another, without compromising on the efficiency or cost-effectiveness of the yard operations.

Accordingly, there will be capability to build and repair (dry dock & afloat) most kinds of commercial ships from very large crude carrier to cape size bulk carrier and large container ships.

In Naval shipbuilding and repair, PSL has the necessary infrastructure and facility to build all kinds of naval vessels. Initially the yard intends to take up refit dry docking and afloat repairs and later enter into conversions.

Given the increasing focus on offshore exploration for oil and gas around the coast of India, and in the Middle East, the Shipyard has been designed to exploit the opportunities that this sector has to offer. Our capabilities in this regard include fabrication / construction of offshore platforms, SBM’s, rigs, jackets, vessels, etc. for upstream oil and gas sector / companies both in India and abroad. The yard has already started construction of 12 offshore supply vessels for ONGC and are competitively bidding for high end anchor handlers. The dredger market is another potential under consideration.

At its site at Pipavav, PSL has installed and commissioned some of the most modern shipbuilding equipment that can be purchased – inter-alia, from leading companies in Norway, Japan, Italy and Norway. Two Goliath cranes, each having a lifting capacity of 600 Ton, the largest in India, are also erected at the site.

This modern plant, when combined with PSL’s highly experienced management team, comprising Indians and multi-national expatriates and the competitively priced skilled labour available in India, have enabled PSL to make an impressive beginning in the various business segments

PSL has teamed up with several world-leading technical associates to execute projects, such as:

SembCorp Marine a leading global marine engineering and shipyard group, has been advising PSL on yard layout and manufacturing processes.
Northrop Grumman Overseas Service Corporation, USA
The company had signed a memorandum of understanding (MoU) with Northrop Grumman Overseas Service Corporation, Delaware, USA. Northrop is one of the largest defence companies in the segment with an expertise in defence systems, airspace management systems, navigation systems, precision weapons and marine systems. Pipavav Shipyard endeavors to indigenously produce military hardware for India and other friendly nations with such partnerships.

SAAB Dynamics
Pipavav Shipyard has signed an MoU with SAAB Dynamics AB as part of a defence co-production initiative taken by Wallenberg Group in India. This will enable Pipavav to enter the army and air force segments. SAAB Dynamics AB is a part of the Wallenberg Group, a Swedish multinational company.
The department of industrial policy and promotion (DIPP) issued the licence after screening by the ministries of home and defence and other related agencies. The licence allows the shipyard to bid for construction of submarines, destroyers, frigates, LDP, coverettes as also aircraft carriers