Garden Reach Shipbuilders & Engineers Limited
Garden Reach Shipbuilders & Engineers Ltd is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. GRSE is a diversified, profit making and the first Shipyard in the country to export warships and deliver 100 warships to the Indian Navy and Indian Coast Guard.
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GRSE signed MoUs with DNV for advanced warship design, green tech, and digital shipbuilding. It also partnered with Damen to explore designing and constructing dredgers for Indian customers, combining expertise. No immediate financial impact.
GRSE announced a major capacity expansion across three facilities: Raichak, Shalimar, and Kidderpore Docks. This ₹2670 Cr investment aims to boost shipbuilding capabilities for larger warships and commercial vessels, supporting future growth and defence requirements.
GRSE secured a Letter of Intent from Syama Prasad Mookerjee Port for a new 15 T Electric Battery Tug. This order is valued at ₹37.94 Cr (including taxes), signaling positive business growth.
GRSE posted strong Q1 FY27 results with ₹1815 Cr revenue (up 38.53%) and ₹173 Cr PAT (up 43.83%). Now a Navratna company, GRSE plans aggressive bidding for domestic and export orders, expansion, and leveraging AI for efficiency.
GRSE secured L1 status for one 15 TON Electric Bollard Pull Tug for Shyama Prasad Mukherjee Port, Kolkata, valued at approximately ₹40 Cr.