Neptunus Power Plant Services Private Limited, a provider of marine and industrial reliability solutions, has signed a memorandum of understanding (MoU) with the Indian Register of Shipping (IRS) to promote condition-based maintenance technologies in the maritime sector. The agreement was concluded on 30 October during Maritime India Week 2025 in Mumbai.
IRS has granted Type Approval Certification to two of the company’s indigenous technologies — VIB360, an engine condition monitoring system, and Torque Sense SHAPOLI, a torque measurement solution for propulsion systems. This represents the first time IRS has certified locally developed condition-monitoring systems for marine diesel engines and propulsion units.
The VIB360 system enables ship operators to move from traditional time-based maintenance schedules to data-driven, condition-based maintenance (CBM). By providing real-time insights into engine health, the system aims to reduce unplanned downtime, enhance reliability, and lower maintenance costs by up to 30 percent. Neptunus stated that the technology also supports improved fuel efficiency and lower emissions, aligning with India’s digital maritime and green shipping objectives.
Uday Purohit, Managing Director and Chief Executive Officer of Neptunus Power Plant Services Private Limited, said the agreement underscores the potential of Indian engineering to shape the global maritime landscape. He noted that the IRS certification validates India’s ability to design and deliver data-led maritime technologies that meet international standards, adding that the partnership will help promote Indian-built systems that improve safety, efficiency, and operational reliability worldwide.
Akshay Purohit, Director and Chief Operating Officer, said the collaboration represents an important step toward mainstream adoption of condition-based maintenance in India’s maritime industry. He explained that combining indigenous innovation with data analytics can reduce downtime, extend equipment life, and improve fuel efficiency, helping to modernise the way vessels are maintained.
The partnership between IRS and Neptunus strengthens India’s maritime technology base and paves the way for wider deployment of export-ready, compliant solutions developed domestically.
Established in 1996, Neptunus Power Plant Services Private Limited is based in Navi Mumbai and provides maintenance, reliability engineering, and condition monitoring solutions for marine, oil and gas, and industrial equipment.
