Home » National » . MoU Signed Between Department of Defence Production and GSL 
The Secretary (Defence Production), Shri Ashok Kumar Gupta and the CMD of Hindustan Shipyard Limited (HSL), Rear Adm. (Retd.) L.V. Sarat Babu at the MoU signing ceremony, in New Delhi on July 18, 2017.

. MoU Signed Between Department of Defence Production and GSL 

Newdelhi:18/7/17: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.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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