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Garden Reach Shipbuilders & Engineers bags order worth Rs 3,500 crore

Mar 31, 2023

By: BlinkX Research Team

Garden Reach Shipbuilders & Engineers Ltd. (GRSE), a Miniratna Category 1, Defence PSU, signed a contract with the Ministry of Defence for construction of 04 Next Generation offshore Patrol Vessels. 

The Total Project Cost of 04 GRSE Vessels is around Rs 3,500 crore. The first Vessel is to be delivered within 44 months from Contract Signing and subsequent Vessels at 6 months intervals, the company said in the filing.

The Contract was signed between JS&AM (M&S, Ministry of Defence), Shri Dharmendra Kumar Singh, IA & AS (2000) and Cdr Shantanu Bose, IN (Retd), Director (Shipbuilding), GRSE in the presence of Shri Pankaj Agarwal, IAS, DG (Acquisition), Cmde PR Hari. IN(Retd.), CMD GRSE, RAdm S Mehta, ACWP&A, Indian Navy and other senior officials of Ministry of Defence, Indian Navy & GRSE, the company said. 

The length of the NGOPVs will be 110 m (Approx) with displacement around 2900 Tons and max speed more than 23 knots. The NGOPV should be capable of fulfilling roles such as Seaward Defence, ‘Out of Area’ Contingency Ops (OOAC), NonCombatant Evacuation Ops (NEO), Convoy Operations/Anti-Piracy Missions, Counter Infiltration Ops, Anti-Poaching/Trafficking, HADR, Search and Rescue Missions, Hospital Ship, Fleet Maintenance Support and COMINT Ship.