Press Releases 2025-26 - Quarter 2

PRESS RELEASE

GRSE SIGNS FIVE MoUs, EXPANDS HORIZONS IN MARITIME SECTOR

Gujarat/Kolkata (20 September 2025): At Bhavnagars Samudra Se Samriddhi Mission, launched by Honble Prime Minister Shri Narendra Modi on Saturday, September 20, 2025, Indias ambition to emerge among the worlds top five shipbuilding nations by 2047 under the Maritime Amrit Kaal Vision, gathered fresh momentum. Garden Reach Shipbuilders & Engineers Ltd. (GRSE) signed a series of Memorandums of Understanding (MoUs) with strategic partners in the shipbuilding, port, and infrastructure sectors.

Cmde PR Hari, IN (Retd.), Chairman & Managing Director, GRSE, said,We at GRSE are proud to be a part of this historic programme launched by Honble Prime Minister Shri Narendra Modi to revitalise Indias shipbuilding sector and realise the ambition of positioning India among the worlds top five shipbuilding nations by 2047. Against this backdrop, GRSEs MoUs reinforce its role as a key contributor to Indias shipbuilding resurgence and maritime self reliance. The MoUs signed today represent a concrete step towards creating an ecosystem where shipyards, ports, operators, and infrastructure partners work in unison. With our legacy of delivering world class warships and our growing foray into commercial shipbuilding, GRSE is fully committed to supporting the Aatmanirbhar Bharat and Maritime Amritkal vision. Together with our partners, we aim to build sustainable, green, and globally competitive solutions that will shape the future of Indian shipbuilding.

The MoUs were signed by Cmde A Vinith, IN (Retd.),Chief General Manager,GRSE,with the following organisations: Deendayal Port Authority (DPA), Kandla; Syama Prasad Mookerjee Port Authority, Kolkata (SMPA); Indian Port Rail & Ropeway Corporation Limited (IPRCL); The Shipping Corporation of India (SCI); and Modest Infrastructure Private Limited (MIPL).

These MoUs create a structured framework for GRSE and its partners to explore and jointly develop projects across multiple domains, newbuild construction (including green / low emission vessels), ship repair, construction of green tugs as per GTTP specifications, development and maintenance of port infrastructure, jetty and berth development, multimodal logistics and last mile connectivity, and related civil, rail and ropeway infrastructure for ports and terminals.

About GRSE

The journey of Garden Reach Shipbuilders & Engineers Ltd., a Defence Public Sector Undertaking, under the administrative control of Ministry of Defence, and a Schedule A Mini Ratna Category I company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. GRSE has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961. GRSE also built the first ever Indian Export Warship CGS Barracuda for Govt. of Mauritius, a Fast Patrol Vessel SCG PS Zoroaster for Seychelles and an Ocean-Going Cargo & Passenger Ferry Vessel MV Ma Lisha for Cooperative Republic of Guyana. GRSE is the only Indian Shipbuilder to have four distinct shipyards as a unique infrastructure advantage. GRSE has built over 800 platforms, including 114 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - highest number of warships built & delivered by any Indian shipyard till date. From Frigates, Corvettes, Fleet Tankers, Landing Ship Tank, Landing Craft Utility to Survey Vessels, Offshore Patrol Vessels and Fast Attack Craft - the repertoire is rich and varied. In addition to shipbuilding & ship repair, GRSE has also diversified into engineering business with a product profile of pre-fabricated steel bridges, various deck machinery items and assembly, testing & overhauling of marine diesel engines and the manufacture of 30mm Naval Surface Guns. Noteworthy accolades include Defence Ministers Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Ministers Award for Excellence for In-house Design Effort for Offshore Patrol Vessel for Government of Mauritius, CGS Barracuda, Best Performing Defence Shipyard of India for Four Years in a row. GRSE embraced infrastructure modernization over past decades and can undertake concurrent construction of 28 ships at a time. A strong team of highly skilled design engineers and state of art VR Lab & latest software aid in the in-house design capabilities. With proven credentials, the shipyard is on a growth path, reaffirming its motto In Pursuit of Excellence and Quality in Shipbuilding.

PRESS RELEASE

GRSE Hamburg Pact Reinforces Make in India, Make for World in Global Shipbuilding

Kolkata/Hamburg, Germany (September 20, 2025): Reinforcing its commitment to the vision of Make in India, Make for World,Garden Reach Shipbuilders & Engineers (GRSE) Ltd signed a contract on Friday, September 19, 2025, with Germanys Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG in Hamburg, Germany, for the for the construction of four Hybrid Multi-Purpose Vessels (MPVs) at a total value of USD 62.44 million.

This agreement represents a natural extension of the successful partnership between GRSE and Carsten Rehder, following the ongoing 7,500 DWT Multi-Purpose Vessel (MPV) project currently under execution in Kolkata.

GRSE has ventured into construction of these four (04) Hybrid Propulsion MPVs with a provision of additional two (02) vessels of Hybrid propulsion type. This milestone underscores the shipyards expanding global footprint in commercial & green shipbuilding.

The contract was signed between Cdr Shantanu Bose, IN (Retd), Director (Shipbuilding), GRSE and Mr Thomas Rehder, Managing Director, Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG. The signing ceremony was attended by senior officials from both organisations, underscoring the spirit of cooperation and long-term partnership between GRSE and Carsten Rehder.

The newly contracted Hybrid MPVs will incorporate state-of-the-art battery-assisted hybrid propulsion systems, enhanced fuel efficiency, and flexible cargo handling capabilities, making them well-aligned with International Maritime Organization (IMO) decarbonization goals.

These MPVs will be 120 metres long and 17 metres wide, with a maximum draft of 6.75 metres. The vessels are designed to carry 7,500 metric tonnes of cargo in a single large cargo hold, capable of accommodating bulk, general, and project cargoes. Containers can also be carried on hatch covers. A unique design feature of these ships is their ability to transport multiple large windmill blades on deck, catering specifically to the growing renewable energy logistics sector.

The MPV program had commenced with an initial contract for four vessels signed in June 2024, followed by further agreements in September 2024, December 2024 & March 2025 that took the total to eight vessels. On April 17, 2025, GRSE commenced steel cutting for this prestigious project, formally beginning construction of the CORAL 7500 DWT MPV series, GRSEs first major international export order in the commercial vessel segment.

About GRSE

The journey of Garden Reach Shipbuilders & Engineers Ltd., a Defence Public Sector Undertaking, under the administrative control of Ministry of Defence, and a Schedule A Mini Ratna Category I company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. GRSE has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961. GRSE also built the first ever Indian Export Warship CGS Barracuda for Govt. of Mauritius, a Fast Patrol Vessel SCG PS Zoroaster for Seychelles and an Ocean-Going Cargo & Passenger Ferry Vessel MV Ma Lisha for Cooperative Republic of Guyana. GRSE is the only Indian Shipbuilder to have four distinct shipyards as a unique infrastructure advantage. GRSE has built over 800 platforms, including 114 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - highest number of warships built & delivered by any Indian shipyard till date. From Frigates, Corvettes, Fleet Tankers, Landing Ship Tank, Landing Craft Utility to Survey Vessels, Offshore Patrol Vessels and Fast Attack Craft - the repertoire is rich and varied. In addition to shipbuilding & ship repair, GRSE has also diversified into engineering business with a product profile of pre-fabricated steel bridges, various deck machinery items and assembly, testing & overhauling of marine diesel engines and the manufacture of 30mm Naval Surface Guns. Noteworthy accolades include Defence Ministers Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Ministers Award for Excellence for In-house Design Effort for Offshore Patrol Vessel for Government of Mauritius, CGS Barracuda, Best Performing Defence Shipyard of India for Four Years in a row. GRSE embraced infrastructure modernization over past decades and can undertake concurrent construction of 28 ships at a time. A strong team of highly skilled design engineers and state of art VR Lab & latest software aid in the in-house design capabilities. With proven credentials, the shipyard is on a growth path, reaffirming its motto In Pursuit of Excellence and Quality in Shipbuilding.

PRESS RELEASE

109th AGM of GRSE sums up major achievements of best financial year in companys history

Kolkata (September 19, 2025): The 109th Annual General Meeting (AGM) of Garden Reach Shipbuilders and Engineers (GRSE) Ltd was held on Friday, 19 September, 2025. The meeting was attended by Cmde PR Hari, IN (Retd), Chairman and Managing Director, GRSE, Cdr Shantanu Bose, IN (Retd), Director (Shipbuilding), Capt (IN) P Sunilkumar (Retd.), Director (Corporate Planning & Personnel), along with the Government Nominee Director, Shri Rajeev Prakash, Independent Director, Shri Kamleshbhai Mirani, Company Secretary, Shri Sandeep Mahapatra, and shareholders of the company.

FY25 has been the most successful year in the Companys history in terms of key performance parameters.Revenue from Operations increased by 41% from Rs 3,593 crore in FY24 to Rs 5,076 crore in FY25. Total Income grew from Rs 3,892 crore in FY24 to Rs 5,411 crore in FY25. This increase of Rs 1,519 crore over the previous year was a growth of 39%. The EBITDA stands at Rs 756 crore in FY25, as against Rs 534 crore in FY24, with an increase of 42%. The Profit After Tax (PAT) increased by 48% from Rs 357 crore in FY24 to Rs 527 crore in FY25.Earnings per share (EPS) went up from Rs 31.19 in FY24 to Rs 46.04 in FY25.

The shareholders of the Company at the 109th Annual General Meeting held on 19 Sep 25 approved a Total Dividend of 138.5% of Paid-Up Share Capital against 93.6% in FY24.

This amounts to a Final Dividend of Rs 4.90 per equity share of face value of Rs 10 each for the financial year 2024-25. This is in addition to the Interim Dividend of Rs 8.95 per equity share of face value of Rs 10 each, which was paid in February 2025. Hence, the total dividend declared for the financial year 2024-25 is Rs 13.85 per equity share of face value of Rs 10 each.

I am happy to report that our company has put up a superlative performance yet again. The financial figures are here for all to see. This is the best performance of the company in its 65-year history as a DPSU. It is the companys resilience and drive to excel that is reflected in these figures. As on March 31, 2025, the company had a strong order book position of Rs 22,680.75 crore. With our strong order book, production maturity of the ongoing projects and order visibility including the commercial shipbuilding segment, I am confident of an even better performance during the current financial year,Cmde PR Hari, IN (Retd), Chairman and Managing Director, GRSE, said.

2024-25 was an eventful year for GRSE. During the year, GRSE was accorded the prestigious Schedule A status, marking a significant milestone in its journey as a Defence Public Sector Undertaking. The INS Nirdeshak, second in the series of four Survey Vessels (Large) being built at the shipyard, was delivered on 08 Oct, 2024. This warship has an indigenous content of over 80% by cost and is a shining example of the shipyards strong commitment towards the Governments Atmanirbharta vision.

On October 25, 2024, the seventh Anti-Submarine Warfare Shallow Water Craft (ASWSWC) was launched. GRSE is building eight ASWSWCs and this launch meant the movement of seven of these warships to the outfitting stage.

GRSE established itself as a builder of autonomous platforms by delivering the Jaldoot an Unmanned Surface Vessel (USV) to the Defence Research and Development Organisations (DRDOs) Naval Science and Technological Laboratory (NSTL) in October 2024.

Strengthening its position as one of the pioneers in the field of design and development of green platforms, GRSE delivered Dheu a Next Generation Zero Emission Electric Ferry to the Government of West Bengal on January 9, 2025. This is the largest and fastest electric ferry in the country and is now operating as a tourist vessel on River Hooghly. Subsequently, On November 19, 2024, the shipyard signed a contract with the Government of West Bengal for the design and construction of 13 hybrid diesel-electric ferries that will ply on River Hooghly.

GRSE has also emerged as a sought-after manufacturing destination for research vessels. On July 16, 2024, the shipyard signed a contract with National Centre for Polar and Ocean Research (NCPOR), Ministry of Earth Sciences, Government of India, for the construction and delivery of an Ocean Research Vessel (ORV). On October 29, 2024, the shipyard signed a contract for design, development, construction, integration of equipment, testing, certification, commissioning and supply of an Acoustic Research Ship (ARS) for the Naval Physical & Oceanographic Laboratory, Ministry of Defence, DRDO, Kochi.

As far as export orders go, GRSE signed a contract with Germany-based Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG on June 22, 2024, for the construction and delivery of four multi-purpose cargo vessels of 7,500 DWT. This agreement included an option for four additional vessels. The German company subsequently exercised this option, and by March 2025 GRSE had signed contracts for all eight platforms, bringing the total order value to about USD 108 million.

In 2024-25, GRSE also launched the second edition of GRSE Accelerated Innovation Nurturing Scheme (GAINS), a unique open challenge for Start-Ups and MSMEs to develop more efficient processes in shipbuilding using technologies such as Artificial Intelligence (AI) and Robotics./p>

About GRSE

The journey of Garden Reach Shipbuilders & Engineers Ltd., a Defence Public Sector Undertaking, under the administrative control of Ministry of Defence, and a Schedule A Mini Ratna Category I company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. GRSE has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961. GRSE also built the first ever Indian Export Warship CGS Barracuda for Govt. of Mauritius, a Fast Patrol Vessel SCG PS Zoroaster for Seychelles and an Ocean-Going Cargo & Passenger Ferry Vessel MV Ma Lisha for Cooperative Republic of Guyana. GRSE is the only Indian Shipbuilder to have four distinct shipyards as a unique infrastructure advantage. GRSE has built over 800 platforms, including 114 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - highest number of warships built & delivered by any Indian shipyard till date. From Frigates, Corvettes, Fleet Tankers, Landing Ship Tank, Landing Craft Utility to Survey Vessels, Offshore Patrol Vessels and Fast Attack Craft - the repertoire is rich and varied. In addition to shipbuilding & ship repair, GRSE has also diversified into engineering business with a product profile of pre-fabricated steel bridges, various deck machinery items and assembly, testing & overhauling of marine diesel engines and the manufacture of 30mm Naval Surface Guns. Noteworthy accolades include Defence Ministers Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Ministers Award for Excellence for In-house Design Effort for Offshore Patrol Vessel for Government of Mauritius, CGS Barracuda, Best Performing Defence Shipyard of India for Four Years in a row. GRSE embraced infrastructure modernization over past decades and can undertake concurrent construction of 28 ships at a time. A strong team of highly skilled design engineers and state of art VR Lab & latest software aid in the in-house design capabilities. With proven credentials, the shipyard is on a growth path, reaffirming its motto In Pursuit of Excellence and Quality in Shipbuilding.

PRESS RELEASE

GRSE Adds Greater Punch To Navys Shallow Water Anti-Submarine Capability, Delivers Second ASW SWC With Indigenous Naval Surface Gun

Kolkata (September 13, 2025): Garden Reach Shipbuilders and Engineers (GRSE) Ltd added yet another feather in its cap by delivering Androth, second in a series of eight Anti-Submarine Warfare Shallow Water Crafts (ASW SWCs) being built by the shipyard for the Navy, on Saturday, September 13, 2025This delivery comes just four months after the first warship of this series Arnala was delivered on May 8, 2025 and this was commissioned into the Navy on June 18, 2025

Androth was accepted on behalf of Indian Navy by Rear Admiral Ravnish Seth, CSO (Tech), ENC. Named after the Androth Island in the Lakshadweep Archipelago, this warship is also the second warship of this class on which an indigenous 30 mm Naval Surface Gun (NSG), manufactured by GRSE, has been fitted

The Indian Navy had placed an order for 16 Advanced Anti-Submarine Warfare Shallow Water Crafts (ASWSWCs), eight (08) each to be built by GRSE and another Indian shipyard. GRSE has already delivered two out of these eight vessels. This milestone highlights GRSEs consistent record of reliability, focus on indigenisation, and unwavering commitment to strengthening Indias maritime security.

ASW SWCs have nearly 88% indigenous content, displaying GRSEs commitment towards Government of Indias Atmanirbharta and Make in India vision. The ships are capable of full scale sub-surface surveillance of coastal waters as well as Search and Attack. They can also carry out coordinated anti-submarine operations with aircraft.

These ships have Combat Management Systems on board and will be armed with lightweight torpedoes as well as anti-submarine warfare rockets. These ships will have a complement of 57 personnel, including seven officers. With three water jets (fitted to marine diesel engines), Androth is extremely agile and maneuverable. A great advantage is that she only requires a draught of 2.7-metres, allowing her to access the coasts easily in search of sub-surface threats. GRSE is currently building 13 more warships, including two P17A advanced stealth frigates, six ASW SWCs, a Survey Vessel (Large) and four Next Generation Offshore Patrol Vessels. Apart from this, the shipyard is building 26 other vessels, nine of which are export platforms. GRSE is also expecting conclusion of a prestigious contract to build 05 New Generation Corvettes in this financial year.

About GRSE

The journey of Garden Reach Shipbuilders & Engineers Ltd., a Defence Public Sector Undertaking, under the administrative control of Ministry of Defence, and a Schedule A Mini Ratna Category I company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. GRSE has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961.

GRSE also built the first ever Indian Export Warship CGS Barracuda for Govt. of Mauritius, a Fast Patrol Vessel SCG PS Zoroaster for Seychelles and an Ocean-Going Cargo & Passenger Ferry Vessel MV Ma Lisha for Cooperative Republic of Guyana. The shipyard was conferred the status of a Miniratna Category I Company in 2006.

GRSE is the only Indian Shipbuilder to have four distinct shipyards as an unique infrastructure advantage. GRSE has built over 800 platforms including 112 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - highest warships built & delivered by any Indian shipyard till date. From Frigates, Corvettes, Fleet Tankers, Landing Ship Tank, Landing Craft Utility to Survey Vessels,Offshore Patrol Vessels and Fast Attack Craft - the repertoire is rich and varied.

In addition to shipbuilding & ship repair, GRSE is also engaged in engine production and other engineering activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. Noteworthy accolades include Raksha Mantri Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Ministers Award for Excellence for In-house Design Effort for Offshore Patrol Vessel for Government of Mauritius, CGS Barracuda, Best Performing Defence Shipyard of India for Four Years in a row.

GRSE embraced infrastructure modernization over past decades and can undertake concurrent construction of 28 ships at a time. Team of highly skilled design engineers and state of art VR Lab & latest software aid in the in-house design capabilities. With proven credentials, the shipyard is on a growth path, reaffirming its motto In Pursuit of Excellence and Quality in Shipbuilding.

PRESS RELEASE

GRSE Signs Teaming Agreement with Merlinhawk Aerospace

Kolkata (September 04, 2025): Garden Reach Shipbuilders and Engineers (GRSE) Limited has signed a Teaming Agreement with M/s Merlinhawk Aerospace Pvt Ltd on 03 Sep 25, for the design, development, and manufacture of composite doors and hatches for the ships of Indian Navy being built at GRSE.

M/s Merlinhawk Aerospace is a well -recognized entity in the Indian industry ecosystem for its niche expertise in aerospace and defence sectors, offering design, prototyping and manufacturing solutions utilising high-end composite materials.

This Teaming Agreement is aimed towards establishing a collaborative framework for the design, development, testing, manufacturing, and integration of composite doors and hatches onboard naval ships, aligning with the Indian Navy's modernization initiatives.

The primary target opportunity under this Agreement is the fabrication and integration of composite doors and hatches along with locking mechanism and associated components for naval vessels to replace conventional steel doors and hatches.

The collaborative association between the pioneer shipbuilder in India and the frontrunner entity in composite structures and components is aimed at achieving indigenous content of at least 50% as required under the Buy (Indian-IDDM) or Buy (Indian) categories thereby furthering the objectives of self-reliance in defence manufacturing as outlined in the Atmanirbhar Bharat initiative of Govt of India.

About GRSE

The journey of Garden Reach Shipbuilders & Engineers Ltd., a Defence Public Sector Undertaking, under the administrative control of Ministry of Defence, and a Schedule A Mini Ratna Category I company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. GRSE has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961.

GRSE also built the first ever Indian Export Warship CGS Barracuda for Govt. of Mauritius, a Fast Patrol Vessel SCG PS Zoroaster for Seychelles and an Ocean-Going Cargo & Passenger Ferry Vessel MV Ma Lisha for Cooperative Republic of Guyana. The shipyard was conferred the status of a Miniratna Category I Company in 2006.

GRSE is the only Indian Shipbuilder to have four distinct shipyards as an unique infrastructure advantage. GRSE has built over 800 platforms including 112 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - highest warships built & delivered by any Indian shipyard till date. From Frigates, Corvettes, Fleet Tankers, Landing Ship Tank, Landing Craft Utility to Survey Vessels,Offshore Patrol Vessels and Fast Attack Craft - the repertoire is rich and varied.

In addition to shipbuilding & ship repair, GRSE is also engaged in engine production and other engineering activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. Noteworthy accolades include Raksha Mantri Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Ministers Award for Excellence for In-house Design Effort for Offshore Patrol Vessel for Government of Mauritius, CGS Barracuda, Best Performing Defence Shipyard of India for Four Years in a row.

GRSE embraced infrastructure modernization over past decades and can undertake concurrent construction of 28 ships at a time. Team of highly skilled design engineers and state of art VR Lab & latest software aid in the in-house design capabilities. With proven credentials, the shipyard is on a growth path, reaffirming its motto In Pursuit of Excellence and Quality in Shipbuilding.

PRESS RELEASE

Defence Secretary Launches GAINS 2025 at GRSE: Empowering Innovators of Atmanirbhar Bharat

Kolkata (August 22, 2025): Buoyed by the energy and enthusiasm generated in the first two editions of its initiative to promote development of technology in the field of shipbuilding, Garden Reach Shipbuilders and Engineers (GRSE) Ltd, launched the third edition of GRSE Accelerated Innovation Nurturing Scheme (GAINS) in Kolkata on Friday, August 22, 2025. GAINS 2025 was launched by the Defence Secretary of India, Shri Rajesh Kumar Singh, IAS.

Key dignitaries present on the occasion were Cmde PR Hari, IN (Retd), Chairman and Managing Director, GRSE, Cdr Shantanu Bose, IN (Retd.), Director (Shipbuilding), GRSE, Capt (IN) P Sunilkumar (Retd.), Director (Corporate Planning & Personnel), GRSE, Shri Abhishek Ranjan, IOFS, Chief Vigilance Officer, GRSE along with other Senior Officers of GRSE.

GAINS is a unique National open challenge to encourage and enable MSMEs and Start-Ups to develop innovative solutions that GRSE may incorporate for further technological advancement. This initiative is in keeping with the Make in India and Start-up India policies of the Government of India. The aim is to leverage the vast eco-system of MSMEs and Start-Ups to address present and emerging challenges in the ship design and construction industry, while achieving the objectives of Atmanirbharta.

The first edition of the Open Challenge GAINS 2023 received 50 proposals from innovators across India, of which M/s Smart Machines and Structures (MSME) and M/s Bodkin Technologies Pvt Ltd (Start-up) emerged as winners. Building on this success, the second edition GAINS 2024 attracted 66 proposals nationwide, with M/s Cloudmetica Technologies (MSME) and IIT Guwahati Technology Innovation and Development Foundation (Start-up) winning for their pioneering solutions in shipbuilding and green energy technology.

In his address, Shri Rajesh Kumar Singh, IAS, Defence Secretary, Govt. of India, said, I have been informed that two editions of the GAINS Open Challenge have been launched to date, and the response from the innovator community has been overwhelming. I am given to understand that the themes of this edition of GAINS include AI, Green Tech, and Shipbuilding Efficiency Enhancement. With projects in AI, robotics, and green energy generation already being developed through the previous editions, I am sure this year's scheme will bring in greater innovation in the declared thematic areas.

Cmde PR Hari, IN (Retd), Chairman and Managing Director, GRSE, spoke on how GAINS has been a success story for the company as it strives towards becoming a world class shipyard.

Not only GRSE, but the Indian Startup Ecosystem has gained a lot from GAINS. As far as participation in GAINS-2025, we expect to cross the century mark, he said.

As in the past two editions, the participants of GAINS 2025 will have to focus on the themes Artificial Intelligence (AI), Renewable/Green Energy & Energy Efficiency as well as Overall Efficiency Enhancement. GAINS 2025 is aimed towards the creation of fast-track innovative solutions to help GRSE turn into a future-ready shipyard. All passionate innovators, entrepreneurs and visionaries can visit the GRSE website www.grse.in/gains/ for more information about the GAINS 2025 Challenge.

About GRSE

The journey of Garden Reach Shipbuilders & Engineers Ltd., a Defence Public Sector Undertaking, under the administrative control of Ministry of Defence, and a Schedule A Mini Ratna Category I company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. GRSE has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961.

GRSE also built the first ever Indian Export Warship CGS Barracuda for Govt. of Mauritius, a Fast Patrol Vessel SCG PS Zoroaster for Seychelles and an Ocean-Going Cargo & Passenger Ferry Vessel MV Ma Lisha for Cooperative Republic of Guyana. The shipyard was conferred the status of a Miniratna Category I Company in 2006.

GRSE is the only Indian Shipbuilder to have four distinct shipyards as an unique infrastructure advantage. GRSE has built over 800 platforms including 112 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - highest warships built & delivered by any Indian shipyard till date. From Frigates, Corvettes, Fleet Tankers, Landing Ship Tank, Landing Craft Utility to Survey Vessels,Offshore Patrol Vessels and Fast Attack Craft - the repertoire is rich and varied.

In addition to shipbuilding & ship repair, GRSE is also engaged in engine production and other engineering activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. Noteworthy accolades include Raksha Mantri Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Ministers Award for Excellence for In-house Design Effort for Offshore Patrol Vessel for Government of Mauritius, CGS Barracuda, Best Performing Defence Shipyard of India for Four Years in a row.

GRSE embraced infrastructure modernization over past decades and can undertake concurrent construction of 28 ships at a time. Team of highly skilled design engineers and state of art VR Lab & latest software aid in the in-house design capabilities. With proven credentials, the shipyard is on a growth path, reaffirming its motto In Pursuit of Excellence and Quality in Shipbuilding.

PRESS RELEASE

GRSEs KWIZDOM 2025 Inspires the Next Generation of Nation Builders

Kolkata (August 16, 2025): It was a day of thrilling intellectual engagement at the Kala Mandir Auditorium in Kolkata, as Garden Reach Shipbuilders & Engineers Ltd. (GRSE) in collaboration with Taaza TV successfully concluded the 2025 edition of KWIZDOM on 16 August 2025. Organized as part of GRSEs flagship educational outreach initiative, this mega inter-school quiz competition witnessed enthusiastic participation from students across Kolkata and Howrah.

Launched on 22 July 2025, this year over 50,000 students from 100+ schools took part in this quiz contest themed on Indias glorious legacy, Aatmanirbhar Bharat, maritime history, and shipbuilding excellence. In the grand finale, six exceptional schools made it to the stage, showcasing sharp intellect and a deep sense of national pride.

The finalists included South Point School Kolkata, MP Birla School Kolkata, Central Modern School Kolkata, Birla High School Kolkata, The New Town School Kolkata & BDM International School, Kolkata. After a riveting final round, MP Birla School emerged as the champion of KWIZDOM 2025, while Birla High School secured the first runner-up position and Central Modern School took the second runner-up slot.

Cmde PR Hari, IN (Retd.), Chairman & Managing Director, GRSE, graced the awards ceremony. He was joined by Cdr Shantanu Bose, IN (Retd.), Director (Shipbuilding), GRSE, Capt (IN) P Sunilkumar (Retd.), Director (Corporate Planning & Personnel), GRSE, Shri Bishambhar Newar, Chairman, Taaza TV, school principals, and other eminent guests. Senior officials of GRSE were also in attendance, lending their support and encouragement to the young achievers being honoured.

GRSEs vision in hosting KWIZDOM 2025 was to ignite young minds and encourage awareness about India's heritage, achievements, and future. The event aims to nurture a generation aligned with the values of the Panch Pran pride in our roots, development of India, freedom from colonial mindset, unity among citizens, and a sense of national duty.

Students from Classes VIII to X participated and all were awarded e-certificates. Preliminary rounds were conducted in respective schools, where six top scorers were shortlisted. Each school then nominated a three-member team from among these top six students. These selected teams advanced to the inter-school rounds. The quarter-finals followed by the semi-finals and final were conducted at the Kala Mandir Auditorium on 16 August 2025.

In his address, Cmde PR Hari, IN (Retd.), CMD, GRSE, expressed pride in the overwhelming participation and remarked that this year, over 50,000 students from more than 100 schools across Kolkata and Howrah registered for KWIZDOM transforming it from a competition into a movement powered by curiosity, heritage, and pride. From the preliminary rounds to todays grand finale, every stage has been a journey of discovery, celebrating Indias maritime history, our march towards self-reliance, and the spirit of innovation that will shape our future. Success lies not in winning just a single event; it lies in evolving into an overall champion who others look up to. Success lies in challenging yourself, and daring to compete that itself is victory.

About GRSE

The journey of Garden Reach Shipbuilders & Engineers Ltd., a Defence Public Sector Undertaking, under the administrative control of Ministry of Defence, and a Schedule A Mini Ratna Category I company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. GRSE has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961.

GRSE also built the first ever Indian Export Warship CGS Barracuda for Govt. of Mauritius, a Fast Patrol Vessel SCG PS Zoroaster for Seychelles and an Ocean-Going Cargo & Passenger Ferry Vessel MV Ma Lisha for Cooperative Republic of Guyana. The shipyard was conferred the status of a Miniratna Category I Company in 2006.

GRSE is the only Indian Shipbuilder to have four distinct shipyards as an unique infrastructure advantage. GRSE has built over 800 platforms including 112 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - highest warships built & delivered by any Indian shipyard till date. From Frigates, Corvettes, Fleet Tankers, Landing Ship Tank, Landing Craft Utility to Survey Vessels,Offshore Patrol Vessels and Fast Attack Craft - the repertoire is rich and varied.

In addition to shipbuilding & ship repair, GRSE is also engaged in engine production and other engineering activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. Noteworthy accolades include Raksha Mantri Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Ministers Award for Excellence for In-house Design Effort for Offshore Patrol Vessel for Government of Mauritius, CGS Barracuda, Best Performing Defence Shipyard of India for Four Years in a row.

GRSE embraced infrastructure modernization over past decades and can undertake concurrent construction of 28 ships at a time. Team of highly skilled design engineers and state of art VR Lab & latest software aid in the in-house design capabilities. With proven credentials, the shipyard is on a growth path, reaffirming its motto In Pursuit of Excellence and Quality in Shipbuilding.

PRESS RELEASE

Patriotic fervour prevails as GRSE celebrates 79 th Independence Day

Kolkata (August 15, 2025): The spirit of patriotism and love for the country prevailed at Garden Reach Shipbuilders and Engineers (GRSE) Ltd as the shipyard celebrated Independence Day on Friday, August 15, 2025.

Cmde PR Hari IN (Retd.), Chairman and Managing Director, GRSE, hoisted the National Flag before inspecting an impressive guard of honour by the Central Industrial Security Force (CISF). Among the others present were Cdr Shantanu Bose, IN(Retd.), Director (Shipbuilding), GRSE, Capt (IN) P Sunilkumar (Retd.), Director (Corporate Planning & Personnel), GRSE, Shri Abhishek Ranjan, CVO, GRSE, Shri Pushkar Parashar, Senior Commandant, CISF and senior officials from GRSE & CISF.

CMD in his address, appreciated the role of the CISF in ensuring security at the GRSE units. He also highlighted the initiatives of Atmanirbharta and technological advancement. GRSE has made giant strides in both these areas, Operation Sindoor was a validation of our nations Atmanirbharta policy and a clear reminder that overdependence on imports in the defence sector does not pay. No matter how advanced foreign systems may be, there can be no substitute for home- grown technologies in safeguarding our sovereignty, Cmde Hari said.

He also spoke on how the next few years will witness delivering several warships by the shipyard. He highlighted efforts by GRSE to build more commercial vessels and extend its already proven expertise in green technology to larger platforms.

With 40 vessels - including 14 warships for the Indian Navy, 9 export vessels & 17 domestic commercial vessels- under construction, every corner of our yards is humming with activity. From advanced naval platforms to zero-emission and hybrid- propulsion vessels, GRSE is committed to delivering excellence and expanding its footprint in both defence and commercial shipbuilding, Cmde Hari added.

About GRSE

The journey of Garden Reach Shipbuilders & Engineers Ltd., a Defence Public Sector Undertaking, under the administrative control of Ministry of Defence, and a Schedule A Mini Ratna Category I company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. GRSE has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961.

GRSE also built the first ever Indian Export Warship CGS Barracuda for Govt. of Mauritius, a Fast Patrol Vessel SCG PS Zoroaster for Seychelles and an Ocean-Going Cargo & Passenger Ferry Vessel MV Ma Lisha for Cooperative Republic of Guyana. The shipyard was conferred the status of a Miniratna Category I Company in 2006.

GRSE is the only Indian Shipbuilder to have four distinct shipyards as an unique infrastructure advantage. GRSE has built over 800 platforms including 112 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - highest warships built & delivered by any Indian shipyard till date. From Frigates, Corvettes, Fleet Tankers, Landing Ship Tank, Landing Craft Utility to Survey Vessels,Offshore Patrol Vessels and Fast Attack Craft - the repertoire is rich and varied.

In addition to shipbuilding & ship repair, GRSE is also engaged in engine production and other engineering activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. Noteworthy accolades include Raksha Mantri Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Ministers Award for Excellence for In-house Design Effort for Offshore Patrol Vessel for Government of Mauritius, CGS Barracuda, Best Performing Defence Shipyard of India for Four Years in a row.

GRSE embraced infrastructure modernization over past decades and can undertake concurrent construction of 28 ships at a time. Team of highly skilled design engineers and state of art VR Lab & latest software aid in the in-house design capabilities. With proven credentials, the shipyard is on a growth path, reaffirming its motto In Pursuit of Excellence and Quality in Shipbuilding.

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Proud Moment for GRSE Ahead of Independence Day: Hands Over its 113th Warship Survey Vessel (Large) Ikshak to Indian Navy

Kolkata (August 14, 2025): In yet another achievement, showcasing the shipyards ability to build and deliver advanced warships, Garden Reach Shipbuilders and Engineers (GRSE) Ltd delivered the Ikshak to the Navy on Thursday, August 14th, 2025.

Ikshak the name stands for Guide is the third in a series of four Survey Vessels (Large) being built by GRSE. The second ship of this class, INS Nirdeshak, was delivered on October 8th, 2024, while the first one INS Sandhayak was handed over to the Navy on December 4th, 2023.

This delivery comes less than a month after GRSE handed over the Advanced Guided Missile Frigate Himgiri to the Navy.

Incidentally, the Sandhayak-class of Survey Vessels (Large), or SVLs, including the Ikshak, are also the largest such platforms to be built in India and operated by the Navy.

The Ikshak is the 802nd ship and the 113th warship to be built by GRSE. It is the 75th warship to be delivered to the Navy. No other shipyard in India has achieved this feat.

The relationship between GRSE and the Navy goes back 64 years to 1961 when the shipyard delivered the first indigenous warship INS Ajay. Since then, 74 more warships have been added to the list, helping the Navy advance from a buyer to a builder. This is in keeping with the Governments Atmanirbharta policy.

The 110-metre-long Ikshak will join INS Sandhayak and INS Nirdeshak after being commissioned and keep the Navy supplied with vital survey data which is very crucial for operational purposes. The maps and charts prepared on the basis of this survey data are also used by commercial shipping.

This prestigious warship was accepted on behalf of Indian Navy by Cmde Arvind Chari, CSO (Tech) (South).

These ships can each carry a helicopter, participate in low-intensity combat and function as hospital ships. They can also be used for Humanitarian Assistance and Disaster Relief (HADR) operations.

Propelled by two marine diesel engines combined with fixed-pitch propellers and fitted with bow and stern thrusters to help the ships manoeuvre at low speeds during surveys, they are ideally suited to carry out their designated operations. Fully designed by GRSE to meet the requirements of the Indian Navy, Ikshak was built using Integrated Construction technology. This was in compliance with applicable provisions and regulations of the Classification Society (IRS).

GRSE is now building 14 more warships for the Navy, including two P17A Advanced Guided Missile Frigates, one SVL, seven Anti-Submarine Warfare Shallow Water Crafts and four Next Generation Offshore Patrol Vessels.

About GRSE

The journey of Garden Reach Shipbuilders & Engineers Ltd., a Defence Public Sector Undertaking, under the administrative control of Ministry of Defence, and a Schedule A Mini Ratna Category I company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. GRSE has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961.

GRSE also built the first ever Indian Export Warship CGS Barracuda for Govt. of Mauritius, a Fast Patrol Vessel SCG PS Zoroaster for Seychelles and an Ocean-Going Cargo & Passenger Ferry Vessel MV Ma Lisha for Cooperative Republic of Guyana. The shipyard was conferred the status of a Miniratna Category I Company in 2006.

GRSE is the only Indian Shipbuilder to have four distinct shipyards as an unique infrastructure advantage. GRSE has built over 800 platforms including 112 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - highest warships built & delivered by any Indian shipyard till date. From Frigates, Corvettes, Fleet Tankers, Landing Ship Tank, Landing Craft Utility to Survey Vessels,Offshore Patrol Vessels and Fast Attack Craft - the repertoire is rich and varied.

In addition to shipbuilding & ship repair, GRSE is also engaged in engine production and other engineering activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. Noteworthy accolades include Raksha Mantri Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Ministers Award for Excellence for In-house Design Effort for Offshore Patrol Vessel for Government of Mauritius, CGS Barracuda, Best Performing Defence Shipyard of India for Four Years in a row.

GRSE embraced infrastructure modernization over past decades and can undertake concurrent construction of 28 ships at a time. Team of highly skilled design engineers and state of art VR Lab & latest software aid in the in-house design capabilities. With proven credentials, the shipyard is on a growth path, reaffirming its motto In Pursuit of Excellence and Quality in Shipbuilding.

PRESS RELEASE

Reviving Heritage: GRSE Breathes New Life into Kolkatas Iconic Ghats

Kolkata (August 14, 2025): As part of its Corporate Social Responsibility (CSR) initiatives and its continued efforts to maintain and promote the rich heritage of Kolkata, Garden Reach Shipbuilders and Engineers (GRSE) Ltd has undertaken the beautification of two iconic ghats on the banks of the River Hooghly- the culturally revered Mayer Ghat at Bagbazar. & the historic Suriname Ghat at Garden Reach.

A Memorandum of Understanding (MoU) to this effect was signed on August 6, 2025, by Shri Rajeev Shrivastava, GM(HR&A), GRSE and Shri Santanu Mitra, Chief Engineer, SMPK, in the presence of Cmde PR Hari, IN (Retd.), Chairman & Managing Director, GRSE & Shri Rathendra Raman, Chairman, SMPK. Capt (IN) P Sunilkumar (Retd.), Director (Corporate Planning & Personnel) and other senior officials from GRSE & SMPK were present on the occasion.

Mayer Ghat, located near Bagbazar in North Kolkata, is renowned for its spiritual and cultural significance. The ghat is historically associated with Ma Sarada, (the revered spiritual consort of Sri Ramakrishna Paramahamsa), who used the ghat during her stay at her residence, Udbodhan. The beautification initiative will preserve and enhance this revered landmark, ensuring its upkeep for future generations.

The Suriname Ghat has immense historical significance. It is from here that the sail ship Lalla departed on February 26, 1873, for the Dutch colony of Suriname, with 410 indentured labourers and their families. That was the start of what is today known as the Indian diaspora in the Republic of Suriname.

As many as 34,304 Indians are known to have reached Suriname in 63 more ships that left the Suriname Ghat till 1916. Today, there are over 175,000 people of Indian origin in Suriname, forming over 35% of the total population of the country.

The Mai Baap Memorial at the Ghat and the sculpture of a man and a woman carrying potlis on their heads, is a symbol of resilience that India and Indians have displayed over ages. When they left India, the men were allowed to carry two dhotis and two kurtas and the women, two saris. Some of them carried religious texts such as the Ramayana and Mahabharata with them. At that time, they were paid 25-pence a week. Today their descendants have made it big in the worlds of business, arts, sports and politics.

GRSE is not new to the Caribbean, of which Suriname is a part. In 2023, the shipyard delivered the Ma Lisha, an ocean-going, passenger-cum-cargo ferry to the Cooperative Republic of Guyana that shares its border with Suriname. This ferry, the first built for that country in India, is the largest and fastest in Guyana. Indentured labourers also travelled to Guyana from Kolkata to work in the sugarcane plantations.

The restoration and beautification of Mayer Ghat and Suriname Ghat will not only preserve two significant heritage sites but also serve as a powerful reminder of important chapters in Indias history, attracting visitors and fostering awareness of the countrys cultural legacy.

About GRSE

The journey of Garden Reach Shipbuilders & Engineers Ltd., a Defence Public Sector Undertaking, under the administrative control of Ministry of Defence, and a Schedule A Mini Ratna Category I company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. GRSE has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961.

GRSE also built the first ever Indian Export Warship CGS Barracuda for Govt. of Mauritius, a Fast Patrol Vessel SCG PS Zoroaster for Seychelles and an Ocean-Going Cargo & Passenger Ferry Vessel MV Ma Lisha for Cooperative Republic of Guyana. The shipyard was conferred the status of a Miniratna Category I Company in 2006.

GRSE is the only Indian Shipbuilder to have four distinct shipyards as an unique infrastructure advantage. GRSE has built over 800 platforms including 112 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - highest warships built & delivered by any Indian shipyard till date. From Frigates, Corvettes, Fleet Tankers, Landing Ship Tank, Landing Craft Utility to Survey Vessels,Offshore Patrol Vessels and Fast Attack Craft - the repertoire is rich and varied.

In addition to shipbuilding & ship repair, GRSE is also engaged in engine production and other engineering activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. Noteworthy accolades include Raksha Mantri Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Ministers Award for Excellence for In-house Design Effort for Offshore Patrol Vessel for Government of Mauritius, CGS Barracuda, Best Performing Defence Shipyard of India for Four Years in a row.

GRSE embraced infrastructure modernization over past decades and can undertake concurrent construction of 28 ships at a time. Team of highly skilled design engineers and state of art VR Lab & latest software aid in the in-house design capabilities. With proven credentials, the shipyard is on a growth path, reaffirming its motto In Pursuit of Excellence and Quality in Shipbuilding.

PRESS RELEASE

GRSE Begins FY26 with a Solid Set of Numbers Revenue and PAT See Notable Increase

Kolkata, 08 Aug 25: Garden Reach Shipbuilders & Engineers Limited (GRSE), has announced its financial results for the first quarter ended June 30th 2025.

Q1FY26 Compared with Q4FY25:

About GRSE

The journey of Garden Reach Shipbuilders & Engineers Ltd., a Defence Public Sector Undertaking, under the administrative control of Ministry of Defence, and a Schedule A Mini Ratna Category I company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. GRSE has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961.

GRSE also built the first ever Indian Export Warship CGS Barracuda for Govt. of Mauritius, a Fast Patrol Vessel SCG PS Zoroaster for Seychelles and an Ocean-Going Cargo & Passenger Ferry Vessel MV Ma Lisha for Cooperative Republic of Guyana. The shipyard was conferred the status of a Miniratna Category I Company in 2006.

GRSE is the only Indian Shipbuilder to have four distinct shipyards as an unique infrastructure advantage. GRSE has built over 800 platforms including 112 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - highest warships built & delivered by any Indian shipyard till date. From Frigates, Corvettes, Fleet Tankers, Landing Ship Tank, Landing Craft Utility to Survey Vessels,Offshore Patrol Vessels and Fast Attack Craft - the repertoire is rich and varied.

In addition to shipbuilding & ship repair, GRSE is also engaged in engine production and other engineering activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. Noteworthy accolades include Raksha Mantri Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Ministers Award for Excellence for In-house Design Effort for Offshore Patrol Vessel for Government of Mauritius, CGS Barracuda, Best Performing Defence Shipyard of India for Four Years in a row.

GRSE embraced infrastructure modernization over past decades and can undertake concurrent construction of 28 ships at a time. Team of highly skilled design engineers and state of art VR Lab & latest software aid in the in-house design capabilities. With proven credentials, the shipyard is on a growth path, reaffirming its motto In Pursuit of Excellence and Quality in Shipbuilding.

PRESS RELEASE

Memorandum Of Understanding between Reintjes Gmbh & Garden Reach Shipbuilders & Engineers Limited

Kolkata (August 01, 2025): GRSE added yet another feather to its resplendent cap by signing an MoU with M/s Reintjes GmbH, Hameln, Germany, a global Gearbox Design and Manufacturing company with vast experience in design and manufacturing of a wide range of Marine Propulsion Gearboxes. This MoU will facilitate a wide range of collaborative engagements utilising the high-quality propulsion gear trains produced by Reintjes GmbH and integrating them with selected engines on ships that would be built by the Shipyard. The professional association with Reintjes GmbH, who is a pioneer in marine gearboxes, will empower GRSE to achieve higher standards of propulsion efficacy in warships for defence forces and commercial vessels for domestic and export markets.

About GRSE

The journey of Garden Reach Shipbuilders & Engineers Ltd., a Defence Public Sector Undertaking, under the administrative control of Ministry of Defence, and a Schedule A Mini Ratna Category I company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. GRSE has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961.

GRSE also built the first ever Indian Export Warship CGS Barracuda for Govt. of Mauritius, a Fast Patrol Vessel SCG PS Zoroaster for Seychelles and an Ocean-Going Cargo & Passenger Ferry Vessel MV Ma Lisha for Cooperative Republic of Guyana. The shipyard was conferred the status of a Miniratna Category I Company in 2006.

GRSE is the only Indian Shipbuilder to have four distinct shipyards as an unique infrastructure advantage. GRSE has built over 800 platforms including 112 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - highest warships built & delivered by any Indian shipyard till date. From Frigates, Corvettes, Fleet Tankers, Landing Ship Tank, Landing Craft Utility to Survey Vessels,Offshore Patrol Vessels and Fast Attack Craft - the repertoire is rich and varied.

In addition to shipbuilding & ship repair, GRSE is also engaged in engine production and other engineering activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. Noteworthy accolades include Raksha Mantri Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Ministers Award for Excellence for In-house Design Effort for Offshore Patrol Vessel for Government of Mauritius, CGS Barracuda, Best Performing Defence Shipyard of India for Four Years in a row.

GRSE embraced infrastructure modernization over past decades and can undertake concurrent construction of 28 ships at a time. Team of highly skilled design engineers and state of art VR Lab & latest software aid in the in-house design capabilities. With proven credentials, the shipyard is on a growth path, reaffirming its motto In Pursuit of Excellence and Quality in Shipbuilding.

PRESS RELEASE

GRSE Delivers its 801st Vessel-Himgiri , an Advanced P17A Frigate to Indian Navy

In a historic achievement, Garden Reach Shipbuilders and Engineers (GRSE) Ltd delivered Himgiri, the Advanced Guided-Missile Frigate and the first of three being built by GRSE under the Indian Navy s Project 17A, on Thursday, July 31, 2025.

With the delivery of Himgiri, the first of three GRSE-built frigates, the Indian Navy gets a significant boost to its advanced guided-missile frigates capabilities.

Himgiri is the 801st vessel to be built and delivered by GRSE. Of these 112 are warships - a record unmatched by any shipyard in the country, till date.

These 149-metre-long, 6,670-tonne warships are the largest and the most sophisticated Guided-Missile frigates built by GRSE in its 65-year history as a Defence Public Sector Undertaking. The three ships are worth over 21,833.36 crore and a significant portion of this value has fuelled MSMEs, start-ups, and OEMs while also contributing to employment generation, thereby helping to nourish the shipbuilding ecosystem of our Nation. This aligns closely with the Government of India s Atmanirbhar Bharat Abhiyan, which aims to promote self-reliance by encouraging indigenous manufacturing and strengthening local supply chains.

This prestigious warship was accepted on behalf of Indian Navy by RAdm Ravnish Seth, Chief Staff Officer (Technical), Eastern Naval Command.

Launched on December 14, 2020, Himgiri is equipped with BrahMos anti-ship and land-attack cruise missiles, along with Barak 8 anti-aircraft missiles, representing a major leap in naval strike and defensive capabilities. With high indigenous content, the ship stands as a strong symbol of India s self-reliance in defence production.

The frigate is powered by a combination of diesel engines and gas turbines and is equipped with advanced AESA radar and modern combat systems. It is capable of anti-air, anti-surface, and anti-submarine warfare operations. The platform offers advanced survivability and improved operational capabilities.

Himgiri also features comfortable accommodation for 225 personnel and provides full aviation facilities for operation of helicopters onboard. Currently, GRSE is working on 15 warships across four different classes for the Indian Navy. Of these, Androth, the 2nd ASWSWC being built by GRSE and Ikshak, the 3rd Survey Vessel Large have successfully completed its contractor sea trials and are being readied for delivery. The remaining 13 warships are at various stages of construction, underscoring GRSE s robust shipbuilding pipeline and commitment to timely delivery. GRSE has also emerged as the lowest bidder for the Next Generation Corvettes that the Navy plans to acquire and expects to conclude the contract to build Five of them soon.

PRESS RELEASE

Historic Launch: GRSE Rolls Out Final ASW SWC Ajay

Kolkata (July 21, 2025): Garden Reach Shipbuilders and Engineers (GRSE) Ltd launched the 8th and last ship in a series of Anti-Submarine Warfare Shallow Water Crafts (ASW SWCs), it is building for the Navy, on Monday, 21 July 25.

The ship, named Ajay, was launched by Smt Priya Deshmukh, wife of Vice Admiral Kiran Deshmukh, AVSM, VSM, Chief of Materiel, Indian Navy. Vice Admiral Deshmukh was the chief guest at the occasion.

Among the others present were Cmde P R Hari IN (Retd), Chairman and Managing Director, GRSE, Cdr Shantanu Bose, IN (Retd), Director (Shipbuilding), GRSE, Shri Abhishek Ranjan, IOFS, CVO, GRSE, and senior officials from Indian Navy & GRSE.

This launch connects past with present: INS Ajay, originally delivered in 1961 as Indias first indigenous warship built by GRSE, set the path for domestic defence shipbuilding. Today�s Ajay, carries forward that proud heritage of GRSEs shipbuilding process.

The first warship of this series of ASW Shallow Water Crafts, INS Arnala, was commissioned into the Navy on June 18, 2025. Androth, the second ship, has also completed its contractor sea trials successfully and is ready to be delivered.

Ajay was launched less than nine months after the launch of Abhay, the 7th vessel in the series. This highlights GRSEs efforts to maintain delivery schedules.

While the primary role of these unique ASWSWCs is to keep the waters near the coasts clear of enemy submarines, they are versatile platforms and can participate in a variety of operations. These ships are designed and built with low draughts and they are thus capable of coastal operations. They are equally capable of Low Intensity Maritime Operations (LIMO) and laying mines.

These 77.6-metre-long and 10.5-metre-wide extremely potent warships are also capable of full-scale sub-surface surveillance in coastal waters and can carry out operations against surface platforms as well. They can carry out coordinated anti-submarine operations with aircraft.

These warships pack a lethal anti-submarine suite comprising lightweight torpedoes, ASW rockets and mines. They are also armed with 30 mm Close-in Weapons System and 12.7 mm Stabilised Remote-Control Guns. They are fitted with a Hull Mounted Sonar and a Low-Frequency Variable Depth Sonar for effective underwater surveillance.

Vice Admiral Kiran Deshmukh mentioned that GRSE has progressed leaps and bounds and become one of the premier defence shipyards of the country, having a unique distinction of building more than 110 warships.

Cmde Hari noted how the years to come will be extremely crucial for GRSE as several ships are now at various stages of outfitting and will be delivered subsequently.

With 16 Warships under construction for the Indian Navy and many more orders for Warships expected, I am confident of GRSE delivering a Century of Warships to Indian Navy within a decade. Cmde Hari said.

About GRSE

The journey of Garden Reach Shipbuilders & Engineers Ltd., a Defence Public Sector Undertaking, under the administrative control of Ministry of Defence, and a Schedule A Mini Ratna Category I company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. GRSE has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961.

GRSE also built the first ever Indian Export Warship CGS Barracuda for Govt. of Mauritius, a Fast Patrol Vessel SCG PS Zoroaster for Seychelles and an Ocean-Going Cargo & Passenger Ferry Vessel MV Ma Lisha for Cooperative Republic of Guyana. The shipyard was conferred the status of a Miniratna Category I Company in 2006.

GRSE is the only Indian Shipbuilder to have four distinct shipyards as an unique infrastructure advantage. GRSE has built over 800 platforms including 112 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - highest warships built & delivered by any Indian shipyard till date. From Frigates, Corvettes, Fleet Tankers, Landing Ship Tank, Landing Craft Utility to Survey Vessels,Offshore Patrol Vessels and Fast Attack Craft - the repertoire is rich and varied.

In addition to shipbuilding & ship repair, GRSE is also engaged in engine production and other engineering activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. Noteworthy accolades include Raksha Mantri Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Ministers Award for Excellence for In-house Design Effort for Offshore Patrol Vessel for Government of Mauritius, CGS Barracuda, Best Performing Defence Shipyard of India for Four Years in a row.

GRSE embraced infrastructure modernization over past decades and can undertake concurrent construction of 28 ships at a time. Team of highly skilled design engineers and state of art VR Lab & latest software aid in the in-house design capabilities. With proven credentials, the shipyard is on a growth path, reaffirming its motto In Pursuit of Excellence and Quality in Shipbuilding.

PRESS RELEASE

GRSE, a proud partner of BORDER ROADS ORGANISATION, launches Multi-Span 280 feet (02x140 feet) Double Lane Modular Steel bridge at U/T of Ladakh under Project Himank (BRO)

Kolkata, 16 July 2025: Garden Reach Shipbuilders and Engineers Ltd., (GRSE), achieved yet another momentous milestone by fabricating and launching a multi-span double lane modular bridge of 280 feet span (02x140 feet) at KM 72.625 on Phobrang-Marshimik-La Hot-Spring Road, Union territory of Ladakh on 10 July 2025. The bridge has been handed over to Project Himank (Border Roads Organisation).

This is for the first time in India that a Multi-Span Double Lane Modular Bridge has been launched, that too within a short time-span of just twenty (20) days in one of the most remote and difficult terrains of the country.

This landmark achievement was executed in the very high altitude of Ladakh with the team braving extreme cold weather conditions in the most critical forward area along India's borders, facilitating seamless connectivity for troop and equipment deployment for the Indian Army.

Unparalleled in its innovation, the Double-Lane Steel Bridge developed by GRSE stands as the sole indigenous solution of its kind, in line with India's Aatmanirbhar Bharat Abhiyan. Under the MoU signed with Border Roads Organisation (BRO), GRSE have already supplied 56 nos. Bridges Pan -India.

The bridges have a carriageway width of 7.5 meters, permitting plying of two-way traffic in compliance with specifications laid down by the Ministry of Road Transport and Highways (MORTH). High tensile steel of Grade E-410 ensures high strength, long life and low temperature applications. The galvanized surface finish ensures easier maintenance and longer service life. Load Class IRC 70R permits movement of both Wheeled/ Tracked Vehicles of up to 100 / 70 MT. The modular concept ensures easier transportation of bridge components to remote areas and faster erection of bridges in a short span of 30 to 45 days.

In August 2022, GRSE attained an exclusive distinction by becoming the sole Indian organization qualified for the esteemed Green Channel Certification for Portable Steel Bridges (Bailey Type) from the Indian Army.

GRSE's Portable Steel Bridge Division has pushed the boundaries of innovation through intensive research and development efforts, resulting in the creation of superior versions of portable bridge designs. Over 5,900 portable steel bridges have already been supplied by GRSE to Indian Army, Border Roads Organisation, NHIDCL, State Public Works Departments and other Government agencies. These versatile bridges, originally intended for disaster management, have also garnered international recognition, being exported to friendly nations including Bangladesh, Bhutan, Nepal, Myanmar, and Sri Lanka.

About GRSE

The journey of Garden Reach Shipbuilders & Engineers Ltd., a Defence Public Sector Undertaking, under the administrative control of Ministry of Defence, and a Schedule A Mini Ratna Category I company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. GRSE has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961.

GRSE also built the first ever Indian Export Warship CGS Barracuda for Govt. of Mauritius, a Fast Patrol Vessel SCG PS Zoroaster for Seychelles and an Ocean-Going Cargo & Passenger Ferry Vessel MV Ma Lisha for Cooperative Republic of Guyana. The shipyard was conferred the status of a Miniratna Category I Company in 2006.

GRSE is the only Indian Shipbuilder to have four distinct shipyards as an unique infrastructure advantage. GRSE has built over 800 platforms including 112 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - highest warships built & delivered by any Indian shipyard till date. From Frigates, Corvettes, Fleet Tankers, Landing Ship Tank, Landing Craft Utility to Survey Vessels,Offshore Patrol Vessels and Fast Attack Craft - the repertoire is rich and varied.

In addition to shipbuilding & ship repair, GRSE is also engaged in engine production and other engineering activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. Noteworthy accolades include Raksha Mantri Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Ministers Award for Excellence for In-house Design Effort for Offshore Patrol Vessel for Government of Mauritius, CGS Barracuda, Best Performing Defence Shipyard of India for Four Years in a row.

GRSE embraced infrastructure modernization over past decades and can undertake concurrent construction of 28 ships at a time. Team of highly skilled design engineers and state of art VR Lab & latest software aid in the in-house design capabilities. With proven credentials, the shipyard is on a growth path, reaffirming its motto In Pursuit of Excellence and Quality in Shipbuilding.

PRESS RELEASE

Captain (IN) P Sunilkumar (Retd.) takes over as Director (Corporate Planning & Personnel) of Garden Reach Shipbuilders & Engineers Ltd. (GRSE)

Kolkata (July 14, 2025): Garden Reach Shipbuilders & Engineers Ltd. (GRSE) is pleased to announce that Captain (IN) P. Sunilkumar (Retd.), currently serving as Chief General Manager of the Fitting Out Unit, has assumed charge as Director (Corporate Planning & Personnel) of the company on 14 Jul 2025. Prior to this, as Chief General Manager he was the Unit i/c and Occupier of the Fitting Out Unit of GRSE, a production unit undertaking outfitting of all the three P17A ships and 01 Survey Vessel with a workforce of over 2000 personnel.

Capt (IN) Sunilkumar Panangadan (Retd), joined GRSE in Sep 2016 after completing nearly 22 years of Commissioned Service in the the Indian Navy. He started his career in GRSE as Addl General Manager (Materials). He was responsible for complete Supply Chain Management of the Rs.20000+ Crore 17A Project being executed at GRSE, Base& Depot Spares and Imports for all projects. He took over as General Manager (Cost Estimation & Corporate Planning) on 15 Mar 2019. He has formulated GRSEs Corporate Plans, Corporate Communication Plan and Business Strategy with focus on exports and was successful in bagging GRSEs maiden export order on competitive basis. He was promoted to Chief General Manager in Jul 22. During his tenure as head of Business Development at GRSE, the company has achieved collaboration with global Shipbuilders such as DAMEN, Netherlands and Naval Group, France. The Company has also diversified into new products such as Tugs, Dredgers and Multi-Purpose Vessels and entered new global markets. He also pioneered the setup of the Commercial Shipbuilding department at GRSE. The order book has seen a growth of over 10000 Crore and export orders worth more than 400 Cr. Simultaneously, as Head of Corporate Planning, he developed GRSEs Vision 2030 document with a Vision to become Navratna Company and has successfully spearheaded the Schedule A re-categorisation of GRSE.

He has held various important operational and repair/maintenance appointments in the Navy whilst heading the Engineering Department onboard Naval Warships and serving in Naval Dockyard. He is an alumnus of the Naval College of Engineering and holds a BTech (Mechanical) degree from JNU, New Delhi. He also holds Masters degrees in Systems and Controls Engineering from iitb, Mumbai and Defence & Strategic Studies (64th DSSC) from Madras University. He is a qualified Project Management Professional (PMP), a Certified International Supply Chain Professional (CISCP) and holds Diplomas in SCM and HRM. His interests include Personal Finance (has attained level 3 in CFP) and reading on Strategy, Motivation and allied subjects.