Hariyana Ship Breakers

What Hariyana Ship Breakers does

Hariyana Group is a Mumbai-headquartered, family-controlled Indian conglomerate founded in 1981 by Shanti Sarup Reniwal, operating across four business verticals: ship recycling, steel manufacturing and trading, industrial gas production, and real estate development. The group's core business is ship recycling at the Alang-Sosiya yard in Gujarat — Asia's largest ship recycling facility — through three operating entities (Hariyana Ship-Breakers Limited, Inducto Steels Limited, and Hariyana Ship Demolition Private Limited), with HSBL handling more than 60,000 MT per annum and demonstrated capacity for large deep-sea vessels including the 59,000 MT LDT Hellespont Grand.

The group operates an integrated vertical model: ship dismantling produces steel scrap that feeds group steel operations; Hariyana Air Products (established 2010 at Trapaj near Alang) supplies captive oxygen and nitrogen for cutting operations with surplus sold to nearby industries; Hariyana International Pvt. Ltd. (founded 1995) handles import-export of iron and steel goods with turnover exceeding Rs. 500 crores from offices in Mumbai, Bhavnagar, and Ahmedabad; and Hybrid Properties and Bapa Real Estate (jointly promoted with Goyal & Company since 2002) develop residential and commercial projects across Mumbai, Bangalore, Maharashtra, and Gujarat.

Hariyana Ship-Breakers Limited (BSE scrip 526931) and Inducto Steels Limited (BSE scrip 532001) are the two publicly listed entities, both dividend-paying and certified to ISO 9001, ISO 14001, ISO 30000, and OHSAS 18001 standards. The group employs 11-50 people and serves ship owners and maritime operators (primary), steel buyers and distributors, industrial gas consumers, and real estate buyers, primarily through B2B enterprise sales with no public pricing disclosures.

Name

Hariyana Ship Breakers

Legal name

Hariyana Ship-Breakers Limited

Website

https://hariyanagroup.com

Company type

Public

Founded year

1981

Operating status

Operating

Headcount range

11–50 employees

Short description

Hariyana Group is an Indian family-controlled conglomerate operating ship recycling at Alang-Sosiya, steel manufacturing and trading, industrial gas production, and real estate development, serving ship owners, steel buyers, industrial gas consumers, and property buyers across India.

Ownership category

akta.pro rank

Product category

Ship Recycling Services

NAICS

Industrial Gas Manufacturing (32512)

SIC

Real Estate Dealers (For Their Own Account) (6532), Misc Industrial & Commercial Machinery & Equipment (3590)

akta.pro primary industry

Scrap Collection, Brokerage & Trading (Dealers, Aggregators, Exporters) (EUAIAJAH)

Keywords

• Ship recycling services
• Marine demolition
• Industrial gas production
• International steel trading
• Real estate development

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Ship Recycling: Purchase and dismantle end-of-life deep-sea vessels at Alang ship recycling yard. Generate revenue from sale of recovered steel, scrap metals, and reusable equipment/components.
2. International Steel Trading: Import and export of iron and steel goods. Hariyana International Pvt. Ltd. sells steel worth over 500 crores annually, operating from offices in Mumbai, Bhavnagar, and Ahmedabad.
3. Industrial Gases: Production and sale of oxygen and nitrogen gases. Hariyana Air Products was set up in 2010 primarily for captive consumption in ship recycling, with surplus capacity sold to other industries.
4. Real Estate Development: Property development through Hybrid Properties Pvt Ltd and Bapa Real Estate Pvt Ltd. Jointly promoted with Goyal & Company. Seven projects in Bangalore, multiple projects in Maharashtra and Gujarat.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Hariyana Group is a diversified Indian conglomerate that purchases and dismantles end-of-life deep-sea vessels at the Alang-Sosiya Ship Recycling Yard in Gujarat, recovering steel scrap and reusable components. The group also produces industrial gases (oxygen and nitrogen) through Hariyana Air Products, trades iron and steel goods internationally via Hariyana International, and develops real estate through Hybrid Properties and Bapa Real Estate in Mumbai and Bangalore.

Product overview

Hariyana Group operates as a diversified conglomerate with ship recycling as its core business. The portfolio includes three ship recycling entities (Hariyana Ship Breakers Ltd, Inducto Steel Limited, and Hariyana Ship Demolition Private Limited) at the Alang-Sosiya Ship Recycling Yard, industrial gas production (Hariyana Air Products) for captive consumption and local distribution, real estate development (Hybrid Properties Pvt Ltd and Bapa Real Estate Pvt Ltd) primarily in Mumbai and Bangalore, and international steel trading (Hariyana International Pvt. Ltd.). The businesses generate synergies, particularly ship recycling producing steel scrap that feeds into the group's steel operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Ship Recycling Operations Purchase and dismantling of end-of-life deep-sea vessels at the Alang-Sosiya Ship Recycling Yard in Gujarat, recovering steel scrap, non-ferrous metals, and reusable equipment for sale. Annual turnover exceeds 60,000 MT per annum. Customers are ship owners and maritime operators seeking responsible disposal of decommissioned vessels.
• Inducto Steel Limited Ship Recycling Ship recycling operations of Inducto Steel Limited at the Alang-Sosiya yard, producing steel from scrap generated in vessel dismantling. Listed on BSE with scrip code 532001 as a dividend-paying company.
• Hariyana Ship Demolition Private Limited Services Ship demolition services operated on V-4 yard at the Alang-Sosiya Ship Recycling Yard, one of the largest yards at the facility, handling large vessel dismantling projects.
• Industrial Gas Production (Oxygen and Nitrogen) Production and sale of industrial oxygen and nitrogen gases via air separation at the Trapaj plant near Alang. Built primarily for captive use in ship cutting operations, with surplus oxygen and nitrogen sold to industries in nearby Mamsa, Sihor, and Bhavnagar areas.
• International Steel Trading Import and export of iron and steel goods throughout India via offices and godowns in Mumbai, Bhavnagar, and Ahmedabad. Annual sales exceed Rs. 500 crores. Customers are industrial steel buyers and distributors in India.
• Real Estate Development Property development by Hybrid Properties Pvt Ltd and Bapa Real Estate Pvt Ltd, jointly promoted with Goyal & Company. Multiple completed projects in Mumbai and seven projects under development in Bangalore, along with projects in Maharashtra and Gujarat.

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core.

• Goyal & CompanycoreStrategic or Co-development PartnerJointly promoted real estate development entities Hybrid Properties Pvt Ltd and Bapa Real Estate Pvt Ltd with Goyal & Company, one of the largest and most experienced developers in Ahmedabad, Gujarat. Goyal & Co. brings construction industry expertise to the partnership.
• BSE LimitedcoreOthersHariyana Ship-Breakers Limited listed on BSE (Scrip Code: 526931). Inducto Steels Limited listed on BSE (Scrip Code: 532001). Stock exchange listing provides regulatory oversight, shareholder transparency, and market visibility.
• Link Intime India Private LimitedcoreOthersRegistrar and Share Transfer Agent for both HSBL and ISL. Handles investor services, share transfers, and shareholder grievance redressal. Address: C-101, 247 Park, L B S Marg, Vikhroli West, Mumbai-400083.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Linde India: Indian subsidiary of a global industrial gas major; directly comparable to Hariyana Air Products' oxygen and nitrogen manufacturing for industrial and merchant customers.
• Metalico: US-based scrap metal recycler and processor with similar end-of-life asset recovery model; comparable as a regional scrap metal operator exposed to ferrous scrap pricing dynamics.
• EMR Group (European Metal Recycling): UK-headquartered global scrap metal recycler operating yards across Europe; comparable as a large-scale end-of-life metal asset dismantler with regulatory and HSE compliance focus similar to Hariyana's Alang operation.
• Schnitzer Steel Industries: US-listed scrap metal recycler with integrated steel-making; comparable to Hariyana's ship recycling-to-steel/scrap pipeline and similar exposure to global ferrous scrap markets.
• INOX Air Products: Leading Indian industrial gases producer; directly comparable to Hariyana Air Products in oxygen/nitrogen production and distribution to industrial customers.
• Sims Metal Management: Global publicly listed scrap metal recycler operating metal-recovery yards comparable to Hariyana's ship recycling and steel scrap operations, with similar exposure to ferrous scrap spreads and end-of-life asset dismantling.

Regional players

• ABG Shipyard: Indian shipbuilder operating in India's maritime industrial sector; useful as a regional comparable for the broader Indian shipyard ecosystem in which Hariyana operates.
• Reliance Naval & Engineering: Indian maritime/shipbuilding company; comparable as a regional peer operating in India's maritime industrial sector, though focused on new-build rather than recycling.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/hariyanagroup
• LinkedInlinkedin.com/company/hariyana-group

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hariyana Ship Breakers