GSL chairman Nagpal retires after 3.5-yr stint

Times of India | 2 weeks ago | 01-05-2022 | 04:56 am

Panaji: Goa Shipyard Limited (GSL) chairman Bharat Bhushan Nagpal retired on Saturday after a three and a half year stint at the helm as the chairman and managing director of the government-owned shipyard. GSL’s finance director T N Sudhakar has been given additional charge as the interim chairman and managing director. Nagpal, who joined GSL in 2016 as director for corporate planning and business development took charge as chairman and managing director in December 2018 and has since sustained the shipyard’s growth and expansion. GSL’s order book stands at Rs 14,670 crore, it’s highest ever, and under Nagpal’s watch, GSL has also forayed into new business lines including development of autonomous vessels and the use of artificial intelligence in shipbuilding and maintenance in partnership with the private sector. During Nagpal’s tenure, GSL concluded the contract for five offshore patrol vessel (OPVs) and also commenced construction of the two stealth guided-missile frigates for the Indian Navy. GSL is also building two indigenous pollution control vessels and eight fast patrol vessels for the Indian Coast Guard and a floating dock for the Sri Lankan Navy. During his service, Nagpal laid special emphasis on corporate social responsibility, extending support to local communities and the government and working towards a link up with academia and start-up incubation centres. During the pandemic, he offered to help the state government with isolation and quarantine centres and also contributed Oxygen production plants and ventilator units to the government.

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Navhind Times | 1 month ago | 21-04-2022 | 01:01 am

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1 month ago | 21-04-2022 | 01:01 am

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