Hariyana Ship Breakers

Hariyana Ship Breakers Limited is an Indian public company primarily engaged in the ship breaking business and trading activities in HR Coils. Its corporate governance philosophy stems from the belief that good governance is an essential part of improving business efficiency and enhancing investor confidence. The company is committed to deploying the best available technologies to drive resource efficiency and develop superior, sustainable, and affordable materials for the future. Its core business involves dismantling decommissioned ships to produce re-rollable scrap, which is its main finished product and is linked to iron and steel market rates. For its operations, the company sources old ships from the international market on credit terms that can range from 180 to 360 days. The company demonstrated strong financial performance, reporting a significant revenue increase to Rs. 15,945.15 lakhs compared to Rs. 6,206.10 lakhs the previous year.;