What we do Hariyana Ship Breakers Ltd is engaged in ship recycling, steel manufacturing, steel trading, and real estate development based in Alang, Asia's largest ship recycling yard. |
Founded in 1,981 |
Market share A pioneering player in India’s ship recycling industry with diversified business activities. |
Problem solved Recycling end-of-life ships to recover steel and raw materials, supporting sustainable resource use. |
Top clients or who we serve Serves industrial sectors needing scrap steel and real estate development markets; operates in B2B and B2C spaces. |
Key management - |
Our journey and innovations Started ship recycling in Mumbai, expanded to Alang; diversified into sponge iron, trading, real estate, and strategic partnerships. |
Where we operate Operations concentrated in India, primarily Mumbai and Bhavnagar, with trading and industrial oxygen segments. |
Top products or what we offer Ship recycling services, sponge iron manufacturing, trading of steel products, and real estate development offerings. |
Top brands Hariyana Ship Breakers, Hariyana Air Products, Orchid Lakeview Developers, Goyal Hariyana Realty, Whitefield Projects, Swastik Developers. |
Raw materials needed End-of-life ships purchased internationally for recycling to produce steel scrap and sponge iron. |
Raw materials supplier Ships sourced from international markets on credit terms of 180 to 360 days. |
Recurring vs cyclical contribution Revenue is cyclical, linked to ship availability and global steel market prices. |
Our industry position A prime Indian company in ship recycling with diversified holdings in steel and real estate sectors. |
Financial highlights FY 2024-25 revenue Rs 8.4 crore, Profit after tax Rs 1.6 crore; revenue declined due to lower ship availability. |
Geographical revenue split Major revenue generated from Mumbai and Bhavnagar operations within India. |
Order book - |
Whats driving growth Demand for recycled steel, strategic diversification into related industries, and market expansion. |
Our future plans Continue expansion in ship recycling, manufacturing, trading sectors, and real estate partnerships. |
Our green promise - |
Our people and values Committed leadership team with stable board and focus on internal controls, compliance, and governance. |
Key challenges ahead Fluctuations in ship availability, foreign exchange risks, and steel price volatility impacting profits. |
Interesting facts Part of Asia’s largest ship recycling yard; amalgamated multiple entities for growth. |
Risks and strategy Managing foreign exchange hedging, market price fluctuations, and diversifying business to mitigate risks. |
