Press Releases 2024-25 - Quarter 4
Press Coverage :MORNING INDIA , 28 MAR 25 GRSE inks deal with german firm
Press Coverage :THE NEW INDIAN EXPRESS , 27 MAR 25 GRSE signs contract for 7th and 8th MPV
Press Coverage : DAINIK JAGRAN , 26 MAR 25 Contract with Germany for construction of two multipurpose ships; six ships already under construction
Press Coverage : DAINIK JAGRAN , 25 MAR 25 GRSE signed contract with Germany
Press Coverage : CHAPTE CHAPTE, 25 MAR 25 DAINIK JAGRAN , 25 MAR 25 GRSE takes a big leap in global shipbuilding
Press Coverage :THE ECONOMIC TIMES, 25 MAR 25 GRSE shares rise 5% on deal with German firm for 2 multi-purpose vessels
Press Coverage :CNBC TV18, 25 MAR 25 Garden Reach Shipbuilders shares surge after Germany deal but an analyst sees a 70% fall
PRESS RELEASE
Global Shipbuilding Boost for GRSE: Signs Contract for 7 th & 8 th of 08 Multi purpose Export Vessels
Kolkata/Hamburg, Germany (March 24, 2025): Reinforcing its commitment to the idea of Make in India, Make for World , and expanding its global footprint, Garden Reach Shipbuilders and Engineers (GRSE) Ltd signed a contract with Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG Germany on Monday, March 24, 2025, for the construction and delivery of 7 th & 8 th Multi purpose vessel (MPV) of 7,500 DWT, in Hamburg, Germany. This contract is in line with the Option Agreement signed between both the parties, for procurement of four additional MPVs from GRSE. The shipyard will build a total of eight vessels (08) at an approx.order value of 108 MUSD.
Each MPV will be 120 metres long and 17 metres wide with a maximum draft of 6.75 metres. It can carry 7,500 metric tonnes of cargo. Each vessel will have a single cargo hold to accommodate bulk, general and project cargoes and Containers will be carried on hatch covers. These ships have been specifically designed to carry multiple large windmill blades on deck.
The agreement for 7 th & 8 th MPV was signed between Cdr Prasenjit Roy, IN (Retd), Deputy General Manager (Commercial Shipbuilding), GRSE and Mr Thomas Rehder, Managing Director, M/s Carsten Rehder in the presence of Cmde PR Hari, IN (Retd), Chairman & Managing Director, GRSE, Mr Jonas Meinhardt, Managing Director, M/s Carsten Rehder and other senior officials.
Press Coverage :THE ECHO OF INDIA, 23 MAR 25 Historic milestone created by GRSE in the N-E Signs MoU with PWD Nagaland for Modular Steel Bridges
PRESS RELEASE
Historic Milestone created by GRSE in the NE: Signs MoU with PWD Nagaland for Modular Steel Bridges
Kolkata (March 20, 2025):Garden Reach Shipbuilders & Engineers Ltd. (GRSE) achieved a significant milestone by signing a breakthrough Memorandum of Understanding (MoU) with PWD Nagaland for the supply of eight sets of Double Lane Modular Steel Bridges in the state..
This landmark MoU marks the first ever MoU between GRSE and a North Eastern State, aligning with the Government of India’s Make in India initiative for accelerated regional development.
The MoU was signed by DIG Subrato Ghosh, ICG (Retd.), Director (Personnel), GRSE, and Shri Swarai Meru, Chief Engineer, PWD Nagaland in Kohima on 19 Mar 25 in the presence of Shri Natarajan Partheepan, General Manager (Bailey Bridges), GRSE.
In the past, GRSE has delivered Modular Bridges to the Border Roads Organisation (BRO) and the National Highway Infrastructure Development Corporation Ltd (NHIDCL), apart from several state governments and friendly countries like Bhutan, Nepal, Myanmar, Sri Lanka and Bangladesh. Till date, GRSE has supplied over 5,800 Modular Bridges.
Press Coverage :THE HINDU BUSINESS LINE, 21 MAR 25 GRSE signs pioneering MoU with Nagaland for modular steel bridges
Press Coverage :THE MORNING STANDARDA, 20 MAR 25 GRSE celebrates women s empowerment with Vanita programme
Press Coverage :AEROMAG ASIA, 19 MAR 25 Dual Warship Sea Trials: GRSE Achieves Major Milestones
Press Coverage :JANPATH SAMACHAR, 19 MAR 25 Indian Navy will soon get two new warships
PRESS RELEASE
GRSE CELEBRATES WOMEN S EMPOWERMENT WITH VANITA: A DAY-OUT PROGRAMME FOR WOMEN EMPLOYEES
Kolkata, March 19, 2025: Garden Reach Shipbuilders & Engineers Ltd (GRSE) reaffirmed its unwavering commitment to women's empowerment by organising the "Vanita A Day Out Programme", as part of the International Women s Day celebration on March 12, 2025. The event brought together the women employees of GRSE to connect and celebrate.
The event featured various group activities and captivating cultural performances, fostering camaraderie and enjoyment amongst all participants. Cmde PR Hari, IN (Retd), CMD, GRSE, graced the occasion as Chief Guest. Shri RK Dash, Director (Finance), Cdr S Bose, IN(Retd), Director (Shipbuilding), DIG S Ghosh, ICG(Retd), Director (Personnel), and other senior officials of GRSE were also present on the occasion to encourage the participants.
This initiative reflects GRSE's continuous efforts to foster an inclusive workplace culture and empower its women workforce, not just by recognizing their contributions but also by creating opportunities for their professional growth & development.
As GRSE marches forward in its journey toward gender equality and inclusivity, the celebration of International Women's Day serves as a poignant reminder of the pivotal role women play in the company’s success.
Press Coverage :THE ECHO OF INDIA, 18 MAR 25 GRSE completes Contractor Sea Trials of two warships simultaneously
PRESS RELEASE
GRSE completes Contractor Sea Trials of two warships simultaneously
Kolkata (March 17, 2025): In keeping with its commitment towards delivering top quality warships to the Navy and Coast Guard, Garden Reach Shipbuilders and Engineers (GRSE) Ltd, successfully completed the Contractor Sea Trials or CSTs of two platforms on March 3, 2025. Both of these are being built by GRSE for the Navy.
The warships that completed their CSTs simultaneously are the Himgiri (Yard 3022) and Androth (Yard 3035). While the Himgiri is an Advanced Frigate, first in a series of three such platforms being built by GRSE under the Navy s Project 17A, Androth is second in a series of eight Anti-Submarine Warfare Shallow Water Crafts (ASW SWCs) under construction at the shipyard.
A CST is considered the final stage of construction, when a vessel s seaworthiness is tested. Several factors, such as speed, maneuverability, and the performance of on-board equipment are checked. In this case, senior officials from GRSE, Indian Navy and classification societies were on board both warships to monitor their performances.
The CST for INS Arnala (Yard 3029) first of the ASW SWCs was also successfully completed recently and she will be delivered to the Navy shortly.
Press Coverage :THE INDIAN EXPRESS, 16 MAR 25 3 Awards for GRSE at 11th Governance Now PSU Awards 2025
PRESS RELEASE
Three Prestigious Awards for GRSE at the 11th Governance Now PSU Awards 2025
Kolkata, [11 Mar 25]: Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has been recognized for its Excellence in Leadership, Financial Performance, and Communication Outreach at the 11th Governance Now PSU Awards 2025.
The Leadership award, was conferred on Cmde PR Hari, IN (Retd.), Chairman & Managing Director, GRSE. GRSE ranked first in the overall Financial Performance and ranked second in its Communication Outreach.
These accolades reaffirm GRSE s commitment to operational & financial excellence, innovation and strategic outreach in the public sector, reinforcing its position as a key player in India s maritime and Defence sector.
The Governance Now PSU Award is organized annually by Governance Now, a leading publication on public policy and governance. The awards celebrate PSUs that have demonstrated exceptional performance, innovation, and contribution to nation-building.
Press Coverage :THE INDIAN EXPRESS, 07 MAR 25 GRSE BRIDGES INDIA: SIGNS LANDMARK MOU WITH ARMY FOR MODULAR STEEL BRIDGE IN ARUNACHAL PRADESH
Press Coverage :ICMAI SOUVENIR FEB 25 Viksit Bharat - Developing New India by Shaping the Future Trends
Press Coverage :HINDUSTAN , 01 MAR 25 GRSE will prepare modular bridge for army
PRESS RELEASE
GRSE ‘Bridges” India: Signs landmark MoU with Army for Modular Steel Bridge in Arunachal Pradesh
Kolkata (February 28, 2025): 2025): In a landmark development, Garden Reach Shipbuilders and Engineers (GRSE) Ltd, signed a Memorandum of Understanding (MoU) with the Indian Army on Thursday, February 27, 2025, for construction of 130-feet long Single Lane Modular (SLM) Steel Bridge (70R) in Arunachal Pradesh
Shri Natarajan Partheepan, General Manager (Bailey Bridges), signed the MoU on behalf of GRSE with the Indian Army.
In 2022, GRSE earned the distinction of being the only Indian company to receive the Green Channel Certification for Portable Steel Bridges (Bailey Type) from the Indian Army. In the past, GRSE has delivered Modular Bridges to the Border Roads Organisation (BRO) and the National Highway Infrastructure Development Corporation Ltd (NHIDCL), apart from several state governments and friendly countries like Bangladesh, Bhutan, Nepal, Myanmar, and Sri Lanka.
In 2024, GRSE and NHIDCL had signed an agreement for the delivery of Class 70R Double-Lane Bridges. GRSE has already delivered 44 Modular Bridges to the BRO, to be set up across India. Till date, GRSE has supplied over 5,800 Modular Bridges. This is in sync with the Government of India’s Make in India and Atmanirbhar Bharat policies.
Press Coverage :THE TELEGRAPH, GRSE targets 10% share from exports
Press Coverage :THE ASIAN AGE, 24 FEB 25 GRSE SIGNS SHIP REFIT DEAL WITH MAURITIUS FIRM
Press Coverage :THE HINDU BUSINESS LINE, 21 FEB 25 GRSE Secures Refit Contract for Mauritius Govt Ship MCGS Barracuda
Press Coverage :12 FEB 25 Interview with Cinde PR Hari, IN(Retd), Chairman & Managing Director, GRSE
Press Coverage :THE NEW INDIAN EXPRESS 9 FEB 25 , GRSE reports 11% rise in PAT to ?98 crore
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Press Coverage :FINANCIAL EXPRESS 6 FEB 25 , GRSE net profit increased by 11 percent to Rs 98 crore
_page-0002.jpg "Press Coverage : GRSE net profit increased by 11 percent to Rs 98 crore")
Press Coverage :5 FEB 25 , GRSE rises after Q3 PAT jumps 11% YoY to Rs 98 cr; declares dividend of Rs 8.95/sh
_page-0003.jpg "Press Coverage : GRSE rises after Q3 PAT jumps 11% YoY to Rs 98 cr; declares dividend of Rs 8.95/sh")
_page-0002.jpg "Press Coverage : GRSE rises after Q3 PAT jumps 11% YoY to Rs 98 cr; declares dividend of Rs 8.95/sh")
_page-0004.jpg "Press Coverage : GRSE rises after Q3 PAT jumps 11% YoY to Rs 98 cr; declares dividend of Rs 8.95/sh")
Press Coverage : DEFENCE EXCELLENCE REDEFINED: GRSE & APOLLO MICRO SYSTEM SIGN MOU TO POWER NEXT-GEN DEFENCE INNOVATION
Press Coverage : Agreement between GRSE And Apollo Micro System
PRESS RELEASE
Defence Excellence Redefined: GRSE & Apollo Micro System Sign MoU to power Next-Gen Defence Innovation
Kolkata (January 29, 2025): Garden Reach Shipbuilders & Engineers Ltd.(GRSE) has signed a Memorandum of Understanding (MoU) with M/s Apollo Micro Systems Limited (AMS) to establish a strategic collaboration for the joint development and supply of Advanced Weapons and Electronic Systems on Wednesday, 29 January 2025. The MoU was signed by Cdr. Shantanu Bose, IN (Retd.), Director (Shipbuilding), GRSE & Shri Karunakar Reddy Baddam, Managing Director, AMS in the presence of Cmde PR Hari, IN (Retd.),Chairman & Managing Director, GRSE, DIG Subrato Ghosh, ICG (Retd), Director (Personnel), GRSE andother Senior Officials of GRSE and AMS.
The collaboration between GRSE & M/s AMS shall focus on the joint research and development (R&D), co-production, and supply of various categories of Underwater Weapons & Vehicles, Underwater mines, Underwater Communication Systems and Air Defence Systems to address the current and further requirements of the Indian Defence forces, Paramilitary Forces, Police Organisations, Central & State Govt. agencies, the Civil Sector and export markets.
This collaboration will leverage the core strengths of both organizations on leveraging and enhancing manufacturing infrastructure for components and sub- assemblies of these systems. The MoU also encompasses modernization and upgradation of existing systems to align with evolving operational requirements.Through this partnership, GRSE reinforces its commitment to strengthening indigenous capabilities and supporting the Government of India’s Atmanirbhar Bharat initiative.
Press Coverage : GRSE celebrates 76th Republic Day
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PRESS RELEASE
GRSE CELEBRATES 76TH REPUBLIC DAY
Kolkata (January 27, 2025): India’s 76 th Republic Day was celebrated with patriotism at Garden Reach Shipbuilders and Engineers (GRSE) Ltd at its Kolkata headquarters on Sunday, January 26, 2025.
The Republic Day celebrations began with Cmde PR Hari IN (Retd), Chairman and Managing Director, GRSE, unfurling the National Flag alongside Shri Tapan Kumar Bhowmik, Quality Inspector (Gr I) (Chargeman), the senior most Operative of the organisation. This gesture embodies the true ethos of GRSE, where the spirit of collaboration and unity transcends all hierarchies. It is a proud reminder that “Virasat leads to Vikas” a legacy of inclusivity that paves the way for growth. Others present were Shri RK Dash, Director (Finance), DIG Subrato Ghosh, ICG(Retd), Director (Personnel), Shri Abhishek Ranjan, IOFS, CVO, Shri Justin Ezung, Dy Commandant, CISF and senior officials from GRSE.The CMD received the salute from the contingent of CISF personnel who also performed impressive rifle and pistol ‘drills’ that enthralled all present.
Addressing the gathering, Cmde PR Hari, IN (Retd), Chairman & Managing Director, GRSE stated that to be part of the “Golden India” that is progressing fast on a super expressway of growth makes GRSE proud. “From a growth perspective, our nation is pole vaulting great heights and we at GRSE are also growing fast. Year 2024 has been a very successful year for Team GRSE and both our physical and financial performance have been the best in the history of the company.” he mentioned. The CMD congratulated the CISF team for their exemplary turn out and excellent and graceful display, including the cultural program.
Press Coverage : The Morning Standard, 16 Jan 25: GRSE delivers first-of-its-kind green platform
Press Coverage : The New Indian Express, 16 Jan 25: GRSE delivers first-of-its-kind green platform
Press Coverage : India Seatrade News, 14 Jan 25: GRSE delivers next-gen electric ferry in West Bengal
Press Coverage : Curly Tales, 13 Jan 25: Dheu Electric Ferry : Kolkata gets India's Fastest E-Ferry, from capacity to route, all about it
Press Coverage : Maritime Gateway, 12 Jan 25: India aims to convert all fleet running on inland waterways to green fuels
Press Coverage : Maritime Gateway, 12 Jan 25: India aims to convert all fleet running on inland waterways to green fuels
Press Coverage : The Times of India, 12 Jan 25: Zero-emission ferry debuts on Hooghly
Press Coverage : The Echo of India, 12 Jan 25: GRSE delivers its maiden green platform 'DHEU' to West Bengal govt
Press Coverage : The Statesman, 12 Jan 25: 'Dheu' to ferry 150 passengers in WB
Press Coverage : The Times of India, 12 Jan 25: Zero-emission ferry debuts on Hooghly
Press Coverage : Ei Somoy, 11 Jan 25: Diesel-powered Launches Polluting Rivers, concerns over E-Vessel
Press Coverage : United News of India, 11 Jan 25: Dheu makes a splash as GRSE delivers its first-of-its-kind green platform to Bengal Govt
Press Coverage : HT Syndication, 11 Jan 25: Dheu makes a splash as GRSE delivers its first-of-its-kind green platform to Bengal Govt
Press Coverage : PSU Watch, 11 Jan 25: GRSE hands over West Bengal's 1st Green Ferry 'Dheu' to Transport Department
PRESS RELEASE
'DHEU' MAKES A SPLASH AS GRSE DELIVERS ITS 'FIRST-OF-ITS-KIND' GREEN PLATFORM TO THE GOVT. OF WEST BENGAL
Kolkata (January 11, 2025): Marking a significant milestone in GRSE's efforts to revolutionize green maritime technology, the state's first Green Ferry - the Next Generation Zero-Emission Electric Ferry 'Dheu'- was officially handed over to the Transport Department, West Bengal, in the august presence of Mamata Banerjee, Hon'ble Chief Minister of West Bengal at Babughat, Kolkata on 09 Jan 2025.
Earlier in the day, the ferry was flagged off by Cmde P R Hari, IN (Retd), CMD, GRSE from GRSE's Main Works Unit. During the flagging-off ceremony, Cmde PR Hari, expressed his immense pride in the accomplishment and highlighted the shipyard's ongoing strides in innovation and sustainability.
"Team GRSE is proud to have designed and built the largest and fastest fully electric ferry of our nation. I am also happy that GRSE is playing an important role in the efforts of our Nation towards achieving 'Net-Zero' emission through the construction of this vessel and also the other green vessel projects in hand. I am confident that 'Dheu' shall sail safe, smooth and easy in the blessed Hoogly river" he said in his address.
'Dheu' or Wave, as the Ferry has been named, is the first such vessel to be built by GRSE. It will also be the first such ferry to be operated by the Transport Department, Government of West Bengal. 'Dheu' will be the start of a revolution that will see the replacement of ageing diesel-engine operated ferries along the stretch of the Ganga/ Bhagirathi in West Bengal, with green vessels. Not only will these new vessels cause lower emissions, they will also reduce pollution of the river caused by the old diesel generators used to run conventional ferries. With efforts on to develop India's waterways as a mode of transport, both for passengers and goods under Maritime India Vision-2030, 'Dheu' will provide an alternative to conventional vessels that are presently in use.
'Dheu' is 24 meters long and powered by a 246 Kilowatt per hour (kWh) liquid-cooled Energy Storage Solution. It is ergonomically designed to carry 150 passengers in air-conditioned comfort, with no noise or engine vibrations. She has twin screw propellers that allow greater manoeuvrability and a Catamaran Aluminum hull, enabling her to achieve a top speed of 10 knots. The solar panels on her exterior augment power supply from the batteries.
The Ferry has been built by GRSE in compliance with the latest classification society rules of Indian Register of Shipping (IRS) related to passenger safety. She has also undergone necessary harbour and afloat trials. The Government of West Bengal has also placed an order for 13 hybrid ferries from GRSE that will run both on electric and diesel propulsion.
Press Coverage : Kaleidoscope, Jan 25: GRSE wins CII Industry-Academia Awards 2024
Press Coverage : Kaleidoscope, Jan 25: 'Steel Cutting' of a 'Cutting-Edge' Research Vessel for NCPOR, MoES
Press Coverage : The Sunday Standard, 05 Jan 25 : GRSE triumphs at PRSI National Awards : Secures excellence in 2 communication outreach categories
Press Coverage : The New Indian Express, 05 Jan 25 : GRSE triumphs at PRSI National Awards : Secures excellence in 2 communication outreach categories
Press Coverage : India Shippings News, 04 Jan 25 : GRSE triumphs at PRSI National Awards : Secures excellence in two communication outreach categories
Press Coverage : The Echo of India, 04 Jan 25 : GRSE triumphs at PRSI National Awards : Secures excellence in two communication outreach categories
Press Coverage : Aviation & Defence Universe, 03 Jan 25 : GRSE shines at the PRSI National Awards 2024, winning accoloades in two communication outreach categories for excellence
Press Coverage : PSU Connect, 03 Jan 25 : GRSE bags prestigious award at PRSI National Awards
Press Coverage : Indian PSU, 03 Jan 25 : GRSE Triumphs at PRSI National Awards
