MoU Announcement
Cyient DLM Limited and Hindustan Shipyard Limited (HSL) have signed a Memorandum of Understanding (MoU) to explore opportunities for collaboration in advanced electronics and technology solutions for maritime and defence applications.
Collaboration Details
The MoU brings together HSL's experience in shipbuilding, ship repair and platform integration with Cyient DLM's capabilities in mission-critical electronics, embedded systems, power electronics, precision manufacturing, testing and product lifecycle support.
Areas of Cooperation
The collaboration will explore potential areas of cooperation across:
- Electronics
- Embedded systems
- Power electronics
- Testing
- Manufacturing
- Lifecycle support for maritime and defence applications
- Indigenization
- Obsolescence management
- Test and support systems
- Autonomous and unmanned maritime platforms
- Power electronics
- AI-enabled maintenance solutions
Strategic Objectives
The collaboration aims to contribute to greater indigenization and technology development in support of the Government of India's Atmanirbhar Bharat objectives.
Management Commentary
Rajendra Velagapudi, Managing Director & Chief Executive Officer, Cyient DLM stated: "India's maritime and defence ecosystem presents a significant opportunity to build stronger indigenous technology and manufacturing capabilities. Our engagement with Hindustan Shipyard Limited brings together complementary strengths in shipbuilding and platform integration with Cyient DLM's expertise in mission-critical electronics and manufacturing. We look forward to exploring opportunities where our combined capabilities can support indigenization, technology development and long-term lifecycle requirements for maritime and defence platforms."
R Adm C Raghuram, VSM (Retd,), Chairman and Managing Director, Hindustan Shipyard Limited stated: "This MoU provides a framework for Hindustan Shipyard Limited and Cyient DLM to explore areas where our respective capabilities can complement each other. As India strengthens its indigenous maritime and defence ecosystem, collaboration across shipbuilding, electronics, technology and lifecycle support can play an important role. We look forward to evaluating opportunities that can contribute to greater self-reliance and technology development."
Company Background
Cyient DLM (Established: 1993, NSE: CYIENTDLM) is a leading Integrated Electronics Manufacturing Solutions provider that offers Design Led Manufacturing (DLM) solutions to customers with expertise in safety-critical electronics in highly regulated industries.
Hindustan Shipyard Limited (HSL) is a Miniratna Category-I defense public sector undertaking under the Ministry of Defence, Government of India, specializing in design, construction, repair, and refit of complex naval platforms, commercial ships, and submarines.