Garden Reach Shipbuilders & Engineers

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Garden Reach Shipbuilders & Engineers Ltd
Company type Public
BSE:  542011
NSE:  GRSE
Industry Defence Shipbuilding
Founded1884;140 years ago (1884)
Headquarters
Garden Reach, Kolkata, West Bengal
,
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
ServicesShip design
Ship building
Ship repair
RevenueIncrease2.svg₹2,762.98 crore (US$330 million) (2023) [1] [2]
Increase2.svg₹305.22 crore (US$37 million) (2023) [1]
Increase2.svg₹228.12 crore (US$27 million) (2023) [1]
Total assets Increase2.svg₹10,775.59 crore (US$1.3 billion) (2023) [1]
Total equity Increase2.svg₹1,413.81 crore (US$170 million) (2023) [1]
Number of employees
1747 (March 2023) [3]
Website www.grse.in

Garden Reach Shipbuilders & Engineers Ltd, abbreviated as GRSE, is one of India's leading defence shipyards, located in Kolkata. [4] It builds and repairs commercial and naval vessels. [5] GRSE also exports the ships that the company builds.

Contents

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 unlike Cochin Shipyard and Hindustan Shipyard cannot manufacture big vessels of capacity above 20,000 DWT, the average Deadweight Tonnage (DWT) capacity of a ship worldwide is around 60,000 to 80,000 DWT.

Facilities

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 62 acres of land. [9]

GRSE and Syama Prasad Mookerjee Port, Kolkata (SMPK) have inked a long-term concession agreement for GRSE to operate 3 dry docks. Here, GRSE undertakes multiple dry dock repairs of ships up to 160 m length, 20 m beam, and 7 m draught. These docks are situated inside a wet basin, which allows for docking and undocking operations independent of river tidal requirements. The wet basin also has multiple berthing facilities for afloat maintenance and refit operations. [10]

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. [11]

As of 2011, the shipyard was undergoing a ₹530 crore (US$64 million) upgrade programme, expected to be completed by March 2012. [12] The second phase of the upgrade programme was scheduled to commence from June 2013. [13]

Vessels built

Commercial vessels

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.

On July 16, 2024, GRSE signed a contract with the National Centre for Polar and Ocean Research (NCPOR), Ministry of Earth Sciences, Government of India, for construction of an advanced Ocean Research Vessel (ORV). [14]

On 29 October 2024, Naval Physical and Oceanographic Laboratory (NPOL) under DRDO placed an order for a new Acoustic Research Ship (ARS) with the Garden Reach Shipbuilders & Engineers, Kolkata. The order worth ₹ 490.98 crore (US$59 million) was signed in Kochi. The ARS will have an overall length of 90 m (300 ft) and a beam of 14 m (46 ft). It will be able to achieve speeds ranging up to 12 kn (22 km/h; 14 mph). The ship will have a minimum endurance of 30 days or 4,500 nmi (8,300 km; 5,200 mi). It will have a complement of 70 personnel. The vessel will have diesel-electric propulsion and 3 deck cranes will be fitted on board to handle research equipment. The ARS will be able to deploy, tow, and retrieve a variety of equipment, including acoustic modules; conduct high-resolution surveys of sound velocity profiles in time and/or space; and gather data on ocean tides and currents for use in survey optimisation, underwater mooring design, and offshore deployments. Additionally, it will be able to launch, moor, and maintain independent sonobuoys as well as gather data from them. The ship will be able to conduct acoustic system experiments at various speed regimes while remaining silent due to its broad speed range. The ARS will also be equipped with a dynamic positioning mechanism that will enable it to hold its place until Sea State 4. [14]

Launching ceremony of the fourth ship in the Landing Craft Utility (LCU) Mk IV project, 23 Mar 2011. Launching of Yard 2095 (3).jpg
Launching ceremony of the fourth ship in the Landing Craft Utility (LCU) Mk IV project, 23 Mar 2011.

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. [15] 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. [20]

GRSE also undertakes ship refitting operations. Some of the notable projects of the Ship Repair Division of GRSE includes: [10] –

As of August 2024, GRSE is undertaking 7 ICG and 2 SMPK vessel refit.

Exports

MCGS Barracuda at sea during delivery MCGS Barracuda at sea.jpg
MCGS Barracuda at sea during delivery

GRSE delivered the corvette MCGS Barracuda to Mauritius on 20 December 2014. The contract was worth $58.5 million. [21] With this, India joined 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. [21] [22]

GRSE was reported to be the lowest bidder to supply two light frigates to the Philippines. [23] 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. [24]

On 22 June 2024, GRSE secured a contract for design, construction and delivery of four multi-purpose vessels (MPV) to transport windmill blades. The deal was signed by Carsten Rehder Schiffsmakler and Reederei, a German shipbuilding entity and GRSE for a value of $54 million. The vessels would displace 7,500 tonnes and will be 120 metres long and 17 metres wide with a maximum draght of 6.75 metres. [25] [26] GRSE secured an order of additional 4 MPVs under the "Option Agreement". This brings the total order value of $108 million for 8 ships. [27] [28] The contract for the construction and delivery of 5th ship was signed on 3 October 2024. [29] [30]

On 1 July 2024, GRSE received another $21 million order for a 800-tonne Advanced Ocean-Going Tug from the Bangladesh Navy. The tugboat will be delivered within 24 months of signing the contract. The tugboat is expected to measure 61 meters in length, about 15.80 meters in width and have a draught of nearly 6.80 meters. The order was received a few weeks after receiving an order for a Trailing Suction Hopper (TSH) dredger. GRSE also has an order of 6 patrol boats for the Bangladesh's Department of Fisheries. [31] [32]

See also

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References

  1. 1 2 3 4 5 "STATEMENT OF FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 3151 MARCH, 2023" (PDF). GRSE. 24 May 2023.
  2. ↑ "Balance Sheet 31.03.2022".
  3. ↑ "Annual Report 2021-22" grse.in
  4. 1 2 Kumar, Vinay (27 March 2013). "Third anti-submarine warfare corvette launched in Kolkata". The Hindu. Retrieved 21 February 2015.
  5. 1 2 "Garden Reach Shipbuilders & Engineers (GRSE)". GlobalSecurity.org. 9 July 2011. Retrieved 21 February 2015.
  6. ↑ "Historical Background". Garden Reach Shipbuilders & Engineers Limited. Retrieved 29 March 2021.
  7. ↑ "Shipping Corporation of India". india.gov.in. Archived from the original on 22 April 2009. Retrieved 9 September 2011.
  8. 1 2 "GRSE to be first shipyard in India to make 100 warships". www.defencenews.in. Archived from the original on 18 November 2016. Retrieved 18 November 2016.
  9. ↑ "Garden Reach Shipbuilders & Engineers LTD.- Diesel Engine Plant Ranchi". grse.in. Retrieved 18 August 2024.
  10. 1 2 "Taratala Unit - Official website of Garden Reach Shipbuilders and Engineers Limited – A Government of India undertaking, Ministry of Defence". grse.in. Retrieved 18 August 2024.
  11. ↑ "GRSE takes over Rajabagan Dockyard of CIWTC". Business Standard. 11 July 2006. Retrieved 21 February 2015.
  12. ↑ "Annual Report 2010-11" (PDF). Garden Reach Shipbuilders & Engineers Limited. Archived from the original (PDF) on 9 August 2011. Retrieved 9 September 2011.
  13. ↑ "About Us". Garden Reach Shipbuilders. Retrieved 21 February 2015.
  14. 1 2 "GRSE secures Rs 491 crore contract from NPOL for Acoustic Research Vessel". www.psuconnect.in. Retrieved 31 October 2024.
  15. ↑ "GRSE to deliver first advanced guided missile frigate by mid-2025". Lokmat Times. 13 March 2024. Retrieved 15 March 2024.
  16. ↑ "Trinkat Class". GlobalSecurity.org. 9 July 2011. Retrieved 21 February 2015.
  17. ↑ "Bangaram Class". Bharat Rakshak. Archived from the original on 12 October 2006. Retrieved 21 February 2015.
  18. ↑ Habbu, R.S. (5 January 2007). "INS Shardul dedicated". The Hindu . Archived from the original on 7 January 2007. Retrieved 21 February 2015.
  19. ↑ Pandit, Ranjat (10 September 2011). "Amphibious vessels to strengthen Navy". The Times of India. Retrieved 21 February 2015.
  20. ↑ Pandit, Ranjat (18 February 2015). "Govt approves construction of 7 stealth frigates, 6 nuclear-powered submarines". Times of India. Retrieved 21 February 2015.
  21. 1 2 "India to deliver corvette class warship to Mauritius on December 20". The Economic Times. 18 December 2014. Retrieved 21 February 2015.
  22. ↑ "MCGS Barracuda-First India's warship export to Mauritius". Affairscloud. 18 December 2014. Retrieved 21 February 2015.
  23. ↑ "GRSE to Export Light Frigates to Philippines". 12 May 2016.
  24. ↑ "Building Frigates for the Philippines Navy | Manohar Parrikar Institute for Defence Studies and Analyses".
  25. ↑ Staff, Benzinga India. "Garden Reach Shipbuilders Bags ₹448 Cr Export Order From German Company". Benzinga. Retrieved 22 June 2024.
  26. ↑ "GRSE share price: GRSE secures export order worth $54 mn from German co for commercial vessels - The Economic Times". m.economictimes.com. Retrieved 22 June 2024.
  27. ↑ "GRSE bags export order for 4 more commercial vessels". PSU Watch. 6 September 2024. Retrieved 18 September 2024.
  28. ↑ "GRSE wins order for multi-purpose vessels of 7500 DWT". Business Standard. 18 September 2024. Retrieved 18 September 2024.
  29. ↑ "GRSE signs contract for 5th of 08 multi-purpose Export Vessels". PSU Watch. 7 October 2024. Retrieved 4 October 2024.
  30. ↑ Staff, Benzinga India. "GRSE Inks Contract For 5th Export Vessel With German Client". Benzinga. Retrieved 4 October 2024.
  31. ↑ "Garden Reach Shipbuilders wins $21 million order; Stock surges to take market cap past ₹25,000 crore - CNBC TV18". CNBCTV18. 1 July 2024. Retrieved 1 July 2024.
  32. ↑ "India's GRSE inks deal with Bangladesh Navy under $500-mn line of credit". Hindustan Times . 1 July 2024. Retrieved 3 July 2024.

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