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Goa Shipyard Ltd. The 58th annual meeting was held at the Goa office of Goa Shipyard under the chairmanship of Chairman and Managing Director Brijesh Kumar Upadhyay. The meeting was concluded in the presence of majority of the members. The report for the year 2023-24 was approved by the meeting. In the financial year 2023-24, the company achieved a total gross revenue of Rs. Whereas the company achieved a pre-tax profit of Rs.364.63 crores and a post-tax profit of Rs.271.32 crores for the financial year 2023-24. The company’s profit has grown significantly by 76%. In the year 2023-24, the value of production of the company has been 1487.42 crores. Last year this value was 509.34 crores. This increase in the cost of production reflects the dynamism in the company’s production activity. The company has paid 140% dividend to its members during the year 2023-24. The annual meeting approved the dividend. The total dividend is 81.48 crores. The annual report was approved in the annual meeting of the company. The audit report was accepted. Dividend was approved. At present 22 small and big ships are being built in Goa Shipyard Company. Goa Shipyard Company has developed good infrastructure. It would not be wrong to say that the ongoing production of 22 ships is an indication of this. These 22 ships are being built at a cost of 18562 crores. Among them, two frigate ships are being built with the cooperation of Russia and one of them has been completed recently. Goa Shipyard’s order book position has crossed 20 thousand crores. Goa Shipyard is working effectively on indigenous technology development. In the meeting of Goa Shipyard, President Brijesh Kumar Upadhyay, Adv. Deepak Patwardhan Independent Director and Audit Committee Chairman, as well as another independent director Hukumchand Hindoja, Company Director K. Jagmohan along with another company director Sunil Bagi, company secretary Chhaya Jain were present.
