Company type | Public |
---|---|
BSE:
542011 NSE: GRSE | |
Industry | Shipbuilding |
Founded | 1884 |
Headquarters | , India |
Area served | Worldwide |
Key people | Cmde PR Hari,IN (Retd.) ( Chairman & MD) |
Products |
Naval ships Tankers Bulk carriers Platform supply vessels Naval diesel engines |
Services | Ship design Ship building Ship repair |
Revenue | ₹2,762.98 crore (US$330 million) (2023) [1] [2] |
₹305.22 crore (US$37 million) (2023) [1] | |
₹228.12 crore (US$27 million) (2023) [1] | |
Total assets | ₹10,775.59 crore (US$1.3 billion) (2023) [1] |
Total equity | ₹1,413.81 crore (US$170 million) (2023) [1] |
Number of employees | 1747 (March 2023) [3] |
Website |
www |
Garden Reach Shipbuilders & Engineers Ltd, abbreviated as GRSE, is one of India's leading shipyards, located in Kolkata. [4] It builds and repairs commercial and naval vessels. [5] GRSE also exports the ships that the company builds.
Founded in 1884 as a small privately-owned company on the eastern bank of the Hooghly River, it was renamed as Garden Reach Workshop in 1916. GRSE was nationalised by the Government of India in 1960. [6] The company was awarded the Miniratna public sector undertaking status, with accompanying financial and operational autonomy in September 2006. [7] GRSE is the first Indian shipyard to build 100 warships. [8]
GRSE has ship building facilities in Kolkata and a diesel engine plant in Ranchi. [8]
It has a large computer-aided design (CAD) centre for ship modelling and design. There are four workshops for plate preparation and steel fabrication.
GRSE has a dry dock for ships up to 26,000 tonnes deadweight (DWT). It has a building berth and two slipways for hull construction. It has a covered all-weather non-tidal wet basin for fitting-out medium and small ships and another fitting-out complex for ships with three berths alongside. In addition, it has two river jetties for berthing smaller vessels up to 60 metres (200 ft) in length. GRSE has engine assemble, test, repair and overhaul facilities in Ranchi, which acquires 62acres of land. [9]
On 1 July 2006, GRSE acquired the loss-making Rajabagan Dockyard (RBD) of Central Inland Water Transport Corporation (CIWTC). RBD's facilities with its 600 metres (2,000 ft) waterfront helped alleviate some of GRSE's space constraints and increase its production capacity. [10]
As of 2011, the shipyard was undergoing a ₹530 crore (US$64 million) upgrade programme, expected to be completed by March 2012. [11] The second phase of the upgrade programme was scheduled to commence from June 2013. [12]
Among commercial and scientific ships, GRSE builds oceanographic and hydrographic research vessels, marine acoustic research ships, non-propelled dredgers, grab hopper dredgers, trailing suction hopper dredgers, tugboats, and bulk carriers.
As of March 2024, GRSE has designed and built 108 warships and patrol vessels for the Indian Navy and the Coast Guard for the last 63 years. [13] Vessels built at GRSE include guided-missile frigates, corvettes, fleet tankers, fast patrol vessels, amphibious warfare vessels and hovercraft. [5]
GRSE has built the following notable warships for the Indian Navy.
Current contracts of the Shipyard includes 8 Anti-Submarine Warfare Shallow Water Craft, 3 Project 17A-class frigates, Next Generation Offshore Patrol Vessel, Sandhayak-class survey vessel. [18]
GRSE delivered the corvette MCGS Barracuda to Mauritius on 20 December 2014. The contract was worth $58.5 million. [19] With this, India will join the elite club of warship exporters. The Mauritius offshore patrol vessel has an integrated bridge system and cutting edge controls and main engines and can support 83 member crew. It measures 74.10 metres (243.1 ft) in length and 11.40 metres (37.4 ft) in breadth and will be capable of moving at a maximum speed of 22 knots (41 km/h) with an approximate displacement of 1,350 tonnes.
GRSE has been short-listed for a patrol boat project for Vietnam worth ₹600 crore (US$72 million) and is also bidding for an order of two frigates for Philippines. [19] [20]
GRSE was reported to be the lowest bidder to supply two light frigates to the Philippines. [21] A total of four firms joined the bidding for the Philippine Navy project: GRSE; Hyundai Heavy Industries Inc. and Daewoo Shipbuilding & Marine Engineering Co. Ltd., both from South Korea; and Navantia S.A. of Spain. GRSE's light frigate would have been a design based on the Indian Navy's Kamorta-class corvette. [22]