During 2018-19 all three business segments shipbuilding, ship repair and submarine refit have contributed towards achieving a production value of Rs.595 crore.
The agreement may be signed sometime next year and the talks are in progress between the defence ministry and the Korean company.
The PSU which had been incurring losses for the over last three decades came out of difficulties and posted profit last year, CMD of HSL Rear Admiral L V Sarat Babu here.
Five public sector undertakings (PSUs) will be closed down by the government, which has included some of the best known state-run enterprises like Air India, MTNL and Hindustan Shipyard, in the list of 65 sick PSUs, Lok Sabha was informed on Tuesday.