Press Releases 2020-2021

SAILORS & WARRIORS
FEB-MAR, 2021

WESTERN TIMES (AHMEDABAD)
THURSEDAY, MARCH 31, 2021

PSU WATCH.COM
TUESDAY, MARCH 30, 2021

PIB.GOV.IN
TUESDAY, MARCH 30, 2021

MANGALORE MIRROR.COM
TUESDAY, MARCH 30, 2021

RAKSHA-ANIRVEDA.COM
TUESDAY, MARCH 30, 2021

ORISSADIARY.COM
TUESDAY, MARCH 30, 2021

PRESS RELEASE
GRSE Pays Interim Dividend of Rs. 44.10 Crores for FY 2020-21: Hands Over Dividend Cheque to Government of India

New Delhi, 30 Mar 21: GRSE, a Mini Ratna Defence PSU Shipyard has paid an interim dividend of Rs. 44.10 Crores for FY 2020-21 to its shareholders. The Interim Dividend Cheque amounting to Rs. 32,85,63,774/- as the government’s share was handed over to Hon’ble Raksha Mantri Shri Rajnath Singh, by Rear Admiral V K Saxena, IN (Retd.) Chairman & Managing Director of Garden Reach Shipbuilders & Engineers Ltd., Kolkata, today at New Delhi in the presence of Shri Raj Kumar Secretary (Defence Production).

Notwithstanding the impact of COVID 19 pandemic, GRSE has declared an interim dividend of Rs. 3.85 per equity share of Rs.10 for FY 20-21. GRSE has been consistent in paying dividend to the Shareholders and has done so every year for the last 27 years.

Since its inception in 1960, GRSE has the distinction of being the only Defence Shipyard to have delivered more than 100 warships (107 warships as on date). The shipyard has an order book position which stands at Rs. 25,887 crores as on 31 Dec 20.

PRESS RELEASE
GRSE Celebrates International Women’s Day

Kolkata, 24 Mar 21: Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a leading warship building and Mini-ratna Category 1 Company, celebrated International Women’s Day 2021 with all its women workforce. The Chief Guest for the programme was Rear Admiral V.K. Saxena, IN (Retd.), Chairman & Managing Director GRSE. Cmde S.Nayyar, IN (Retd.), Director (Shipbuilding) and Senior Management of GRSE were also present on the occasion. Two eminent Speakers, Pravarajika Ashis Prana, Sri Sarada Math and Dr. Mallavika Desai, Coach, Trainer & Strategic HR Partner, addressed the ladies and shared their insights. The programme ended with a cultural extravaganza by the lady employees.

PRESS RELEASE
GRSE CSR EVENT- INAUGURATION OF NEW FACILITIES CONSTRUCTED AT R.B INSTITUTE FOR SPECIAL CHILDREN

Kolkata, 22 Mar 21: GRSE has undertaken a CSR project for the construction of R.B Institute for 45 special children. This facility is the only government aided facility for children with 90% to 40% disability. Without proper maintenance, the school building was so dilapidated that it was difficult to conduct classes there. GRSE has conducted one class room and one hall. An auditorium cum prayer room was also renovated as per the GRSE’s CSR initiative. The facilities were inaugurated on 19 March 2021 by Cmde PR Hari, IN (Retd.), Director (Personnel), GRSE Ltd. along with other senior level officials of GRSE. The children performed a colourful cultural programme during the event.

PRESS RELEASE
GRSE BUILT INDIGENOUS WARSHIP, INLCU L58 COMMISSIONED

Kolkata, 18 Mar 21: IN LCU L-58, the 8th and the last ship under Project LCU Mark IV, delivered by the shipyard on 31 Dec 2020 was commissioned today at Port Blair in the august presence of Lieutenant General Manoj Pande, AVSM, VSM. (CINCAN – Commander-in-Chief Andaman & Nicobar Command). The ceremony was attended by Rear Admiral VK Saxena, IN (Retd), Chairman & Managing Director, GRSE and other senior officials of the Indian Navy and GRSE.

Over the last 60 years, GRSE has delivered 788 platforms which include 107 warships, of which 70 were for the Indian Navy, 35 for the Indian Coast Guard, 01 for the Government of Mauritius and 01 for Seychelles Coast Guard which is the highest number of warships built & delivered by any shipyard in the country. The yeoman service rendered by the shipyard to enhance the maritime security of our nation is evident from the fact that the maximum number of ships protecting our maritime interests are built by GRSE.

The entire design of the 08 Landing Craft Utility (LCU) Mark IV ships has been developed in-house by GRSE as per requirements specified by Indian Navy including a speed of 15 knots. LCU MK-IV is an amphibious ship with its primary role being transportation and deployment of Main Battle Tanks, Armored Vehicles, troops and equipment from ship to shore. The ships are equipped with Bow Ramps to enable loading/unloading of combat equipment and vehicles upon beaching. These are biggest & fastest Landing Craft Utility vessels worldwide in its category. The shipyard has once again achieved the distinction of over 90% indigenous equipment fit on these ships. These ships based at the Andaman and Nicobar Command, can be deployed for multirole activities like beaching operations, search and rescue, disaster relief operations, supply and replenishment and evacuation from distant islands. The LCU is 63 m in length and 11 m wide and has a displacement of 830 T with a low draught of 1.7 m. The LCU is designed to accommodate 216 personnel and is equipped with two Indigenous CRN 91 Guns to provide artillery fire support during landing operations. The ship is fitted with state-of-the-art equipment and advanced systems like Integrated Bridge System (IBS) and Integrated Platform Management System (IPMS).

Since its takeover by the Government of India in 1960, GRSE has delivered high end warships ranging from Fast Patrol Vessels, Survey Vessels, Landing Ship Tanks, Landing Craft Utility, Fleet Tanker to Frigates and Missile/ASW Corvettes. The shipyard has also made significant advancement towards self-reliance in state-of-the-art warship design and construction and furthered ‘Atmanirbhar’ Abhiyaan by achieving over 90% indigenous content onboard ASW Corvettes and Landing Craft Utility ships. Having modernized its infrastructure facilities, today GRSE is in a position to construct 20 warships concurrently using Advanced Modular Integrated Shipbuilding Technology in line with the best in the world.

GRSE is currently handling construction of 16 ships as part of four ongoing projects. Three of these projects are for the Indian Navy and one is is for the Republic of Guyana. The three projects of the Indian Navy include construction of 03 Advanced Stealth Frigates under the prestigious project 17 A, the Survey Vessels (Large) & ASW-Shallow Water Crafts.

PRESS RELEASE
GRSE Lays Keel of 3rd Ship of Prestigious Project 17A Advanced Stealth Frigate

Kolkata, 05 Mar 21: Garden Reach Shipbuilders and Engineers Limited (GRSE) achieved a major milestone with ‘laying of the Keel’ of Yard 3024 a ship of the Advanced Stealth Frigate Project, P 17A. As per GRSE tradition, the Keel was laid by a senior operative Shri. Mithailal Pasi, Structural Fitter of Shipbuilding Shop at the Main Works Unit of GRSE, in the august presence of Vice Admiral Sandeep Naithani, AVSM, VSM, Controller of Warship Production & Acquisition (CWP&A), Indian Navy and Rear Admiral GK Harish, VSM, Director General of Naval Design. The occasion was graced by Rear Admiral VK Saxena, IN (Retd.), Chairman & Managing Director, GRSE, Cmde. Sanjeev Nayyar, IN (Retd), Director (Shipbuilding), Cmde. PR Hari, IN (Retd), Director (Personnel) and Shri. RK Dash, Director (Finance)and other senior officials of the Indian Navy and GRSE.

The contract for construction of three Stealth Frigates under Project 17A is the largest ever order awarded to the shipyard by the Ministry of Defence with a value of over Rs.19293 crores. The shipyard despite all challenges amid Covid – 19 pandemic, launched 1st ship of P17A Stealth Frigate “INS Himgiri” ahead of schedule on 14 Dec 20. The Keel laying of Yard 3024 has also been achieved ahead of schedule. It is important to note that the Keels for both 1st & 2nd ships viz, Yard 3022 and Yard 3023 were also laid ahead of schedule on 10 Nov 18 and 24 Jan 20 respectively.

The important milestones of ship building involve the process of Cutting of steel which is called the ‘Start Production’ stage followed by ‘Keel laying’ subsequent to which, the other blocks are built around the keel block. The next phase is launching, when the Ship is placed in water for the first time, Subsequently, the ship is outfitted with equipment and systems post launch, followed by trials of equipment. On completion of all trials and once the compartments are ready, the ship is delivered to customer.

P17A ships shall be the most advanced state-of-the-art Guided Missile Frigates, 149 m long, with a displacement of approximately 6670 T and advanced CODOG Propulsion enabling speed of over 28 knots. These complex platforms are equipped with a powerful weapon & sensor package capable of neutralising threats in all three dimensions ofAir, Surface & Sub-surface. P17A Stealth Frigates are being built using Integrated Construction Methodology with enhanced pre-outfitting to enhance quality and reduce build periods. M/s Fincantieri, Italy is the Knowhow Provider for Technology Upgrade and Capability Enhancement in this project. An advanced PDM-PLM system is being implemented at GRSE to manage the project over its life cycle.

Since its takeover by the Government of India in 1960, GRSE has delivered high end warships ranging from Fast Patrol Vessels, Survey Vessels, Landing Ship Tanks, Landing Craft Utility, Fleet Tanker to Frigates and Missile/ASW Corvettes. The shipyard has made a significant advancement towards self-reliance in state-of-the-art warship design and construction and furthered ‘Atmanirbhar’ abhiyaan by achieving over 90% indigenous content onboard ASW Corvettes and Landing Craft Utility ships. Having modernised its infrastructure facilities, today GRSE is in a position to construct 20 warships concurrently using Advanced Modular Integrated Shipbuilding Technology in line with the best in the world.

GRSE’s Design Unit has been recognized by Dept. of Scientific & Industrial Research (DSIR). The complete designs of LCUs, Water Jet FACs, Survey Vessel (Large) and ASW – SWCs have been developed by the 100+ member Strong Design Team. The 3D Virtual Reality Lab at GRSE aids in identification of Design/ Construction issues at early Design Stage. GRSE has proven design capabilities to integrate systems onboard its platforms to meet specific needs of its customers.

GRSE is currently executing two more major projects of Indian Navy pertaining to construction of 04 Survey Vessel Large ships and 08 ASWSWC ships apart from the 03 P17A ships. The Shipyard also received an Export Order from Govt of Guyana for Design, Construction and Delivery of 01 Ocean Going Passenger cum Cargo Ferry Vessel and delivered FPV “SGPS Zoroaster” to Govt. of Seychelles.With proven export credentials backed by a healthy order book, the shipyard is well on its way to realise its vision of being a global leader in shipbuilding!

PRESS RELEASE
GRSE’s Presence at IDEX 2021

Kolkata, 26 Feb 21: Garden Reach Shipbuilders & Engineers Ltd, participated in the IDEX 2021, Abu Dhabi, United Arab Emirates (UAE) held from 21st to 25th Feb 21. In furtherance of Hon Prime Minister of India’s vision of SAGAR (Security and Growth for All in the Region) towards Maritime Security and Co-operation, the participation furthered the foot print in Gulf region of the shipbuilding prowess of GRSE and it aided exploring avenue for synergy and partnerships for the niche naval shipbuilding market in the Middle East. The Defence PSU played the pivotal role in setting up the India Pavilion during the exhibition. H E Shri Pawan Kapoor, Ambassador of India inaugurated India Pavilion at IDEX 2021 in the august presence of CMD GRSE, DGNO Indian Navy Vice Admiral Dinesh Tripathi, CMD BDL, Director (CP) MDL & other dignitaries from DRDO and OFB.

GRSE leveraged the occasion to strike deals and inked three agreements during IDEX 21 towards ‘Mutual Co-operation in Shipbuilding Project in the Defence and Maritime Sector in MENA region. These MOU/agreements were entered with Abu Dhabi Shipbuilding Company, UAE, and two local companies from Egypt and UAE.

India Pavilion also witnessed visits of several dignitaries which included Sheikh Saif Bin Zayed, Interior Minister of UAE and Mr Charalambos Petrides, Hon’ble Defence Minister, Republic of Cyprus. The India Pavilion was honoured by the visit of His Excellency “Sheikh Mohammed bin Zayed bin Sultan AI Nahyan, the Crown Prince of the Emirates of Abu Dhabi, Sheikh Khalid bin Ibrahim Al Qasimi from the Royal family of the Ras Al Khaima, Algerian delegation led by their Air Chief & Chief of Staff- Navy, Defence Attaché- Japan in UAE.

GRSE is an integral part of defence preparedness of the country aimed at self-reliance and has achieved more than 90% indigenization on its recent projects of Anti-Submarine Corvettes and Landing Crafts. The company is a multidimensional engineering company ensuring high quality, at competitive prices. With a robust order book and continuous initiatives taken towards infrastructure and skill development, GRSE has won shipbuilding orders for exports and is now poised to grow into a major shipbuilding company of the world and duly realize its vision ‘To become a World Class Shipbuilding & Engineering Company with a Global footprint’.

PRESS RELEASE
GRSE executes another Export Order: Delivers 01 FPV to Govt. of Seychelles

Kolkata, 15 Feb 21: “SCGS Zoroaster”, a Fast Patrol Vessel (FPV) built by Garden Reach Shipbuilders and Engineers Limited (GRSE), Kolkata, a Mini Ratna Category 1 & leading shipyard of the country, was delivered to the Coast Guard of Seychelles, the archipelagic island country today, taking the count of warships delivered by GRSE to a record 107. Delivery of this ship today signifies a breakthrough in the company’s journey towards becoming a global player in the warship building arena and bears testimony to the trust; foreign countries are reposing in this Indian shipyard’s abilities. Recently, GRSE also bagged an order for construction & supply of 01 Ocean Going Passenger & Cargo Vessel for Republic of Guyana.

The Protocol of delivery and acceptance was signed between Rear Admiral VK Saxena, IN (Retd.), Chairman & Managing Director, GRSE and Lt. Cdr Aditya, Commanding Officer (Desig) in the presence of Cmde Sanjeev Nayyar, IN (Retd), Director (Shipbuilding), Cmde P R Hari, Director (Personnel) and Shri RK Dash, Director (Finance) and other Senior Officials of GRSE, Indian Navy and Indian Coast Guard.

The SCG Ship ‘Zoroaster’, a Fast Patrol Vessel, is a powerful, fuel-efficient platform designed to perform multipurpose operations, such as patrolling, anti-smuggling, anti-poaching, and search and rescue (SAR). With a maximum speed of 34 knots and an endurance of more than 1500 nautical miles, this50 m FPV with a waterjet propulsion system and advanced controls has the capability to undertake Maritime Missions of the Seychelles Coast Guard. The ship is also fitted with a 40/60 gun as the main armament. The vessel will also flaunt improved habitability features with fully air-conditioned modular accommodation for 35 personnel. The overall design of the FPV has been developed in-house by GRSE.

GRSE also has the experience of delivering CGS Barracuda, a multipurpose compact Offshore Patrol Vessel to Mauritius Coast Guard, thereby becoming the first Indian shipyard to have exported a warship, way back in 2015, when the ship was commissioned.

Since its inception as a DPSU in 1960, GRSE has built 788 platforms which include 107 warships to Maritime forces, which is highest number of warships built & delivered by any shipyard in the country, till date.

GRSE has the capability to construct 20 ships concurrently, using its modernized infrastructure and ‘Modular Integrated Construction Philosophy’. Further, the dedicated, multi disciplinary, strong Design Team of the shipyard is continuously working towards developing various concept designs for ships that can cater to the current and future requirements of Indian Navy and Indian Coast Guard.

GRSE also has a dedicated Ship Repair facility, which is fully geared to undertake refits of ships. Apart from shipbuilding & ship repairs, GRSE has diversified into Engineering Business, with a product profile of Pre-fabricated Steel Bridges, various Deck Machinery Items such as Anchor Capstans, Boat Davits, Pumps etc & Assembly/ Testing/ Overhauling of MTU Diesel Engines.

PRESS RELEASE
GRSE inks Ten Strategic Collaborations at Aero India 2021

Kolkata, 05 Feb 21: Garden Reach Shipbuilders & Engineers Ltd. signed strategic MoUs as part of the ‘BANDHAN’ initiative at Aero India 2021, Bengaluru, that will help the shipyard boost its Shipbuilding and Ship Repair capabilities and identify and explore synergies and partnerships for the niche ‘portable steel bridges’ market in India and neighbouring countries.

The Ten MoUs include one for ‘Transfer of Technology’ for Diesel Engine Infrared Signature Suppression System with M/s NSTL, Vishakhapatnam, one MoU with M/s Sterling PlanB Energy Solutions, Vancouver, Canada for Energy Storage Solutions for Electric/ Hybrid Propulsion in Ships and another with M/s GE Power for Development of Electric/ Hybrid Propulsion for Naval Platforms. In pursuit of the export market an MoU was signed with M/s ASSL, Bangladesh for Cooperation in Shipbuilding.

Other MoUs include collaborations with M/s NHIDCL for Supply of Bailey Bridges, with M/s ECT Marine, Netherlands for Design of Contemporary Dredgers, with M/s CAS Electrical & Automation Pvt Ltd. for Product Development and Service Support for Helo Handling Systems, with IIT Kanpur for Aerodynamic Studies in Ship Design, with M/s Abhyudha Bharat Defence Cluster for Indigenization of Components, with M/s Island Ship Repairers for Purpose of Ship Repairs.

Business strategies being adopted by the shipyard include optimum utilization of shipyard capabilities, as well as capacity and cutting down cost for shipbuilding projects of Indian Navy and Indian Coast Guard. Currently, GRSE is also exploring the Non-Defence shipbuilding market for constructing special ships like Pollution Control Vessels, Air Cushion Vehicles, Research Vessels, Dredgers and Boats for MHA, River crafts for Inland Waterways Authority of India etc. Moreover, GRSE plans to upgrade and expand the business of Pre-fabricated Steel Bridges, Engine and Engineering products. The shipbuilder’s strategies revolve around shifting to smart manufacturing (Industry 4.0), sparking innovations in automation, robotics and the industrial internet of things. The company is hopeful that introducing Artificial Intelligence, Machine Learning, Interoperability and secured connectivity enabling real time monitoring, control and optimization of processes, resources and systems – shall enable workload consolidation across Design, Production & Supply Chain Management, significantly in the future.

GRSE is actively pursuing its goal to become an integral part of defence preparedness of the country aimed at self-reliance and has achieved more than 90% indigenization on its recent projects of Anti-Submarine Corvettes and Landing Crafts. The company is a multidimensional engineering company ensuring high quality, at competitive prices. With a robust order book and continuous initiatives taken towards infrastructure and skill development along with relentless pursuit of exports, GRSE is now poised to grow into a major shipbuilding company of the world and duly realize its vision ‘To become a World Class Shipbuilding & Engineering Company’.

PRESS RELEASE
GRSE Signs Contract for 01 FPV for Government of Seychelles

04 Feb 21: A contract for delivering 01 Fast Patrol Vessel (FPV) was signed between Garden Reach Shipbuilders and Engineers Ltd (GRSE) and Government of Seychelles. Signing of this prestigious contract, that occurred within just a month of the shipyard concluding a contract for01 Ocean Going Passenger & Cargo Ferry Vessel with Govt of Guyana, signifies a breakthrough in the company’s journey towards becoming a global player in the warship building arena andbears testimony to the trust; foreign countries are reposing in this Indian shipyard’s abilities. The Fast Patrol Vessel will be delivered to Coast Guard of Seychelles, the archipelagic island country.

The SCG Ship ‘Zoroaster’, a Fast Patrol Vessel, will be a powerful, fuel-efficient platform designed to perform multipurpose operations, such as patrolling, anti-smuggling, anti-poaching, and search and rescue (SAR). With a maximum speed of 34 knots and an endurance of more than 1500 nautical miles, this50 m FPV with a waterjet propulsion system and advanced controls has the capability to undertake Maritime Missions of the Seychelles Coast Guard including timely interceptions. The ship is also fitted with a 40/60 gun as the main armament. It will also flaunt improved habitability features with fully air-conditioned modular accommodation for 35 personnel. The overall design of the FPV has developed in-house by GRSE.

GRSE also has the experience of delivering CGS Barracuda, a multipurpose compact Offshore Patrol Vessel to Mauritius Coast Guard, thereby becoming the first Indian shipyard to have exported a warship.

Since its inception as a DPSU in 1960, GRSE has built 787 platforms which include 106 warships to Maritime forces, which is highest number of warships built & delivered by any shipyard in the country.

GRSE has the capability to construct 20 ships concurrently, using its modernized infrastructure and ‘Modular Integrated Construction Philosophy’. Further, the dedicated, multi disciplinary, strong Design Team of the shipyard is continuously working towards developing various concept designs for ships that can cater to the current and future requirements of Indian Navy and Indian Coast Guard.

GRSE also has a dedicated Ship Repair facility, which is fully geared to undertake refits of ships. Apart from shipbuilding & ship repairs, GRSE has diversified into Engineering Business, with a product profile of Pre-fabricated Steel Bridges, various Deck MachineryItems such as Anchor Capstans, Boat Davits, Pumps etc & Assembly/ Testing/ Overhauling of MTU Diesel Engines.

PRESS RELEASE
GRSE observes Republic Day 2021

Kolkata, 26 Jan 21: Garden Reach Shipbuilders & Engineers Ltd celebrated 72nd Republic Day at its 61 Park Unit, maintaining all Covid protocols. Rear Admiral VK Saxena, IN (Retd.), Chairman & Managing Director, GRSE, Kolkata, hoisted the National Flag at the newly built GRSE Bhavan. Cmde. Sanjeev Nayyar, IN (Retd), Director (Shipbuilding), Cmde. P R Hari, IN (Retd), Director (Personnel), Shri. R.K Dash, Director (Finance) and other Senior Officials of GRSE were present on the Occasion.

Rear Admiral VK Saxena, IN (Retd.), Chairman & Managing Director, GRSE, in his welcome address, applauded all officers, workers and CISF personnel for working together to see the company sail through the difficult times during the pandemic. He also stated that despite all challenges, GRSE launched, delivered & commissioned warships. With the delivery of IN LCU L-58 to the Indian Navy on 31 Dec 2020, GRSE is the only Shipyard to have delivered 106 warships to Indian Maritime Forces. GRSE has achieved other milestones during Dec 2020 with the Launching of 1st Ship of P17A Stealth Frigate “Himgiri” ahead of schedule, Keel Laying of 2nd Survey Vessel Large, and the Start Production of 1st Ship of eight in the series Anti-Submarine Warfare Shallow Water Crafts (ASWSWCs). He further stated that 2021 started off well for GRSE as the Shipyard bagged the export order for 01 Ocean Going Passenger & Cargo Ferry Vessel for Republic of Guyana. He concluded his speech stating that GRSE has been in the service of the nation protecting the maritime zones and aiding the land forces with its diversified product profile. Also on the current pandemic which hit the world last year, CMD GRSE expressed hope on the development of vaccine and mentioned that it is just a matter of time before we overcome the challenging situation at hand.

GRSE continues to sail on a growth trajectory moving towards Industry 4.0 with incorporation of latest technologies like Artificial Intelligence, Machine Learning and Data Analytics in its areas of operation to improve internal efficiencies & profit margins.

Jai Hind!

PRESS RELEASE
GRSE Signs Contract for 01 Ocean Going Passenger & Cargo Ferry Vessel for Republic of Guyana

Kolkata, 14 Jan 21: It was a huge boost for the export initiatives of GRSE, when the Harbour Department, Ministry of Public Works, Govt of Guyana signed the contract with the shipyard on 13 Jan 21, to build an Ocean-Going Vesselat a cost of 12.7 MUS$.

The 1700 tons(appx) vessel is to be used on the Coastal and Riverine Areas of Guyana, and shall be equipped with two Caterpillar Marine Diesel Engines coupled with Twin Disc Reduction Gear Boxes to achieve 15 knots speed.

GRSE has been a pioneer warship builder of the nation having delivered the highest number of warships till date, since its inception as a DPSU in 1960. The 106 warships built by GRSE so far range from Advanced Frigates to Anti-Submarine Warfare Corvettes to Fleet Tankers, Fast Attack Crafts etc. with the Shipyard having many firsts to its credit including the unique achievement of having exported the first warship by an Indian Shipyard, CGS Barracuda to Mauritius.

GRSE has the capability to construct 20 ships concurrently, spread across its three production locations and having modernized its infrastructure with Modular Integrated Facility. This Project shall further consolidate GRSE’s position as a unique shipyard with all round capability to design and build warships and vessels for export with State-of-the-Art Technology. GRSE in the recent past has delivered 14 Warships in 42 months which clocks an average of a delivery every three months, a no mean feat.

The export initiative of the shipyard have gained momentum with the award of this order and it is expected that the coming years will see a marked rise in its export orderbook.

PRESS RELEASE
GRSE Delivers 106th Warship: LCU L-58 Bids Adieu to 2020, Achieving A Double Milestone

Kolkata, 31 Dec 20: Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a leading warship building and Mini-ratna Category 1 Company under the administrative control of the Ministry of Defence, tops off year 2020 with “Delivery” of the “Last of Eight LCU Project” & “Start Production” of the First Ship of Eight ASWSWC Project.

GRSE delivered IN LCU L-58 (Yard 2099), eighth and last in the series of Landing Craft Utility Ships to the Indian Navy. This ship is the 106th Warship built and delivered by GRSE so far, since its inception in 1960, the highest no. of warships delivered by any Indian Shipyard till date.

The Protocol of delivery and acceptance was signed between Rear Admiral VK Saxena, IN (Retd.), Chairman & Managing Director, GRSE and Lt Cdr Krishan Kumar Yadav in the presence of Cmde Sanjeev Nayyar, IN (Retd), Director (Shipbuilding), Cmde P R Hari, Director (Personnel) and Shri RK Dash, Director (Finance) and other Senior Officials of GRSE and Indian Navy.

The LCU is the third ship delivered by GRSE in 2020, no mean feat considering the operational constraints imposed by the global pandemic of COVID 19. The Shipyard has delivered 14 ships in the last 42 months which clocks an average of 3 months per ship. The complete design of the LCU Mark IV ships has been developed in-house by GRSE as per requirements specified by the Indian Navy which necessitate a unique design with no precedence worldwide. The 62.8 m long and 11 m wide LCU has a displacement of 830 T and can achieve a speed of 15 knots. The LCU is designed to accommodate 216 personnel and is equipped with Two Indigenous CRN 91 Guns to provide Artillery Fire support during landing operations. The ship is fitted with State-of-the-Art Equipment and Advanced Systems like the Integrated Bridge System (IBS) and the Integrated Platform Management System (IPMS). In line with the Govt. of India’s Make In India Initiative towards Self Reliance & Indigenisation efforts, the LCU Mark IV Class of Ships are fitted with close to 90% indigenous equipment fit and multiple innovations.

LCU L-58 being delivered by GRSE today to the Indian Navy shall join the fleet of ships at Andaman & Nicobar Command. The Andaman & Nicobar Archipelago whilst acting as the extended arms of India, straddle one of the busiest trade routes in the world leading into the South China Sea and keeping the islands safe is one of the chief responsibilities of the Indian Navy. The Eight LCUs with high military lift capabilities built by GRSE, shall form the backbone of the Maritime Security Cover and HADR activity in the A&N Archipelago.

GRSE is also currently executing three major projects of the Indian Navy pertaining to the construction of 03 Stealth Frigates, 04 Survey Vessel (Large) ships and 08 Anti-Submarine Warfare Shallow Water Crafts (ASWSWCs). The last two projects have been won on competitive bidding.

Today is also the ‘Start Production’ Day for the First of Eight ASWSWCs which is the first ‘Milestone’ in shipbuilding and signifies commencement of vessel construction after design engineering phase. The compact and complex stealth crafts are designed by GRSE. The platforms will be packed with state-of-the-art weapons and sensors like Hull Mounted Sonar, Towed Sonar, Torpedo Launchers and Rocket Launcher to interdict and destroy sub-surface targets in coastal waters. The crafts are capable of ‘Search & Rescue’ and ‘Low Intensity Maritime Operations’ and are propelled by water-jets capable of doing high speeds.

Since its takeover by the Government of India in 1960, GRSE has delivered high-end warships ranging from Fast Patrol Vessels, Survey Vessels, LSTs, LCUs, Fleet Tanker, Frigates and Missile & ASW Corvettes. The shipyard also has the distinction of achieving over 90% indigenous content, onboard ASW Corvettes, a significant advancement towards self-reliance in state-of-the-art warship design and construction. Having modernized its infrastructure facilities, GRSE is using Advanced Modular Integrated Shipbuilding Technology in line with the best in the world. This has helped enhance its capacity to the present level of constructing 20 warships concurrently. On 14 Dec 2020, GRSE created history with the launching of first of three Stealth Frigates, “Himgiri” under prestigious Project 17A.                                  

The shipyard has a healthy order book of over Rs 26,000/- Crore for construction of 15 warships of the Navy to be completed progressively by theyear 2027.GRSE has also diversified into ‘Engineering’ business and more than 5300 Portable Steel Bridges have been supplied to Indian Army, Border Road Organisation and State Governments. These bridges have also been exported to friendly neighborhood countries including, Myanmar, Nepal, Sri Lanka & Bhutan. GRSE also undertakes production of Deck Machinery Items which are fitted on GRSE built ships as well as those built by other shipyards in the country. Assembly, Testing and Overhauling of MTU Diesel Engines is undertaken at GRSE’s Diesel Engine Plant at Ranchi.

PRESS RELEASE
GRSE BUILT STEALTH FRIGATE SHIP “HIMGIRI” LAUNCHED

Kolkata, 14 Dec 2020: Garden Reach Shipbuilders and Engineers Limited (GRSE), Kolkata, accomplished a key milestone in the prestigious Project 17A today, with the launch of the first of three Stealth Frigates, “Himgiri” at 01:30 PM. Upholding the best of maritime traditions, the shipwas “Launched” by Smt. Madhulika Rawat, wife of General Bipin Rawat, PVSM, UYSM, AVSM, YSM, SM, VSM, ADC, Chief of Defence Staff who graced the occasion as the Chief Guest. Rear Admiral VK Saxena, IN (Retd.), Chairman and Managing Director, GRSE, Vice Admiral AK Jain, Commander-in-Chief, Eastern Naval Command, Lt Gen Anil Chouhan, Army Commander, Eastern Command and other Senior Officials of GRSE, and Indian Navy and a host of other dignitaries were present at the occasion.

The Launch symbolises the birth of the ship as she makes her first contact with water and is floated out. The ceremony was conducted in true maritime traditions with the application of vermillion, breaking of coconut on the ship’s bow and chanting of vedic mantras.

The contract for construction of three Stealth Frigates under Project 17A is the largest ever order awarded to the shipyard by the Ministry of Defence with a value of over Rs.19293 crores.

P17A ships will be the most advanced state-of-the-art Guided Missile Frigates, 149 m long, with a displacement of approximately 6670 T and having an advanced CODOG Propulsion system enabling  speed of over 28 knots. These complex weapon platforms are equipped with a powerful weapon & sensor package capable of neutralising threats in all three dimesions, Air, Surface & Sub-surface. P17A Stealth Frigates are being built using Integrated Construction Methodology with enhanced pre-outfitting to enhance quality and reduce build periods. M/s Fincantieri, Italy is the Knowhow Provider for Technology Upgrade and Capability Enhancement in this project. Project 17A also is unique wherein, based on the basic design prepared by the Directorate of Naval Design; the construction is being done in 02 locations, MDL and GRSE concurrently. An intelligent PDM PLM system is being developed to manage the project and aid in its life cycle management.

Speaking on the occasion, Rear Admiral V.K.Saxena, IN (Retd.) brought out the fact that launching of the ship is being done 02 months ahead of schedule. Achievement of this major milestone, despite the challenges posed by the ongoing pandemic situation stands testimony to the commitment and capability of the shipyard. He also stated that GRSE has delivered 105 warships so far to our Maritime Forces, epitomizing the “AtmaNirbhar Bharat” efforts in letter and spirit.

General Bipin Rawat, Chief of Defence Staff during his speech on this momentous occasion appreciated GRSE’s service to the nation having acquired vast knowledge and expertise in design and production of complex battle ready warships and for having delivered 105 warships. General Rawat expressed his hope that the final delivery of this ship and the two subsequent ships of this project, shall remain etched as historic events, towards the country’s relentless efforts in achieving self-reliance. The General also congratulated the shipyard and Indian Navy for achieving this major milestone despite the adverse effects of the Covid pandemic.

Since its takeover by the Government of India in 1960, GRSE has delivered a plethora of high end warships ranging from Fast Patrol Vessels, Survey Vessels, LSTs, LCUs, Fleet Tanker, frigates and Missile & ASW Corvettes. The shipyard also has the distinction of achieving over 90% indigenous content, onboard ASW Corvettes and LCUs, a significant advancement towards self-reliance in state-of-the-art warship design and construction. Having modernised its infrastructure facilities, GRSE is today in a position to construct large number of warships using Advanced Modular Integrated Shipbuilding Technology in line with the best in the world. This has helped enhance its capacity to the present level of constructing 20warships concurrently.

GRSE is currently executing two more major projects of Indian Navy pertaining to construction of 04 Survey Vessel Large ships and 08 ASWSWC ships. Further, the shipyard has a healthy order book of Rs.26189 Crore for construction of 15 warships of the Navy to be completed progressively by year 2027.

PRESS RELEASE
Free Health Camp for Contractors’ Workmen at GRSE

Kolkata, 03 Dec 20: With the noble intent to address the health related concerns of the contractors’ workmen engaged in the company, GRSE had started a new project- Free Health camps for 2500 contractors’ workmen at Main unit on 18 Nov 2020.

On 01 Dec 2020, Cmde PR Hari, IN (Retd.), Director (Personnel) GRSE inaugurated the health check-up camp for Contractors’ Workmen at  61 Park Unit of GRSE in the presence of Cmde Rajiv Sreedharan, IN (Retd.) CGM(Design), Sri A.K. Mahapatro GM(ER&A), DIG Subrato Ghosh, GM(SS & RP, Services & BB), Captain P Sunil Kumar, IN (Retd.) GM(CP&CC), Sri S. Srinivas, GM(HRM) as well as Ms.Barnali Dey, GM of Medniova Diagnostic Services and other employees of GRSE. The camps will be held subsequently in other 03 units of GRSE. More than 2500 contractors’ workmen will be benefited by this CSR initiative.

The Swachhta Pakhwada was started with administering of Swachhta Shapath by Director (Personnel), to the employees of 61 Park unit on 01 Dec 2020 while administering the Swachhta Shapath, Director (Personnel) urged the employees to make cleanliness and hygiene an integral part of their daily life.

PRESS RELEASE
GRSE Lays Keel of 2nd Survey Vessel Large (Yard 3026)

Kolkata, 01 Dec 2020: Garden Reach Shipbuilders and Engineers Ltd., (GRSE), Kolkata, in an impressive ceremony, laid the keel of the 2nd Survey Vessel (Large) (Yard 3026) at Kattupalli, Chennai. The Virtual Keel Laying ceremony was performed in the august presence of Vice Admiral Vinay Badhwar AVSM, NM, Chief Hydrographer to the Govt. of India. The ceremony was also attended by Rear Admiral VK Saxena, IN (Retd), Chairman & Managing Director, GRSE, other Directors and other senior officials from Indian Navy and the Shipyard.

The ship is part of the Survey Vessels (Large) project won by GRSE in a competitive bidding process in Oct 18 for an order value of Rs. 2435.15 crore. The 1st ship is to be constructed within 36 months from contract signing date with a project completion time of 54 months. Part construction of this ship is being carried out at L&T Shipyard, Kattupalli. After launching, the ship will be shifted to GRSE, Kolkata for outfitting, trials and delivery.

The vessel is 110m long with a deep displacement of 3300 Tons and can accommodate 231 personnel. The vessel is designed for a cruising speed of 16 knots with an in-house GRSE’s Hull Form Design which imparts a superior level of operational efficiency. The Hull form of these new generations Survey Vessel also meets the stringent seakeeping and manoeuvring requirements including Helicopter Operations at high sea states. The design of the ship by GRSE’s in-house Design Unit accorded “Centre of Excellence” Unit status by Council of Scientific & Industrial Research (CSIR), Ministry of Science & Technology is a significant step in “Make in India” initiative of the Govt. of India. With their State-of-the-Art “Survey Payload” comprising of Autonomous Underwater Vehicles (AUVs), Remote Operated Vehicles (ROVs), Multi Beam Echo Sounders etc, these Survey Ships would prove to be a game changer in the Indian Navy’s Capabilities for Coastal and Deepwater Hydrographic Surveys aiding Maritime Operations. In their auxiliary role, they will be capable of performing limited search and rescue, limited ocean research and operate as hospital ship/ casualty holding ships.

GRSE continues to be the epitome of indigenous design and construction of warships. Recently, following the call for “Atmanirbharta”, a state-of-the-art Modern Hull Block Complex and Indigenous Underwater CNC Plasma Cutting Facility were virtually inaugurated by the Hon’ble Raksha Mantri Shri. Rajnath Singh at the RBD Unit of GRSE, to augment the existing infrastructure at the Main Unit of the Shipyard. GRSE’s strategies revolve around shifting to smart manufacturing or Industry 4.0 with innovations in Automation, Robotics and the Industrial Internet of Things.

GRSE presently has a strong order book of over Rs 26,000 crores and is currently executing three major shipbuilding projects, namely the P17A Project for 3 Advanced Stealth Frigates, 4 Survey Vessels (Large) and 8 Anti-Submarine Warfare Shallow Water Crafts. The 1st P17A Ship is expected to be launched in Dec this year, well ahead of schedule. GRSE delivered the Fast Patrol Vessel (FPV) ICGS Kanaklata Barua, the 105th Warship delivered by the Shipyard, to the Indian Coast Guard in June 2020, despite challenges in operations in a manpower-intensive industry during pandemic times thus reaffirming our motto “Infinite Passion meets Unwavering Commitment”. The Shipyard also plans to deliver two more warships in the coming months.

PRESS RELEASE
Inauguration of Free Health Check- up for Contractors’ Workmen on 18 Nov 2020

Kolkata, 18 Nov 20: GRSE has widened its CSR horizon by starting a new project- Free Health Camps for 2500 Contractors’ Workmen.

Reputed Hospitals like Apollo Gleneagles Hospital and Medinova Diagnostics Services have been roped in for conducting a wide array of tests for Contractors’ Workmen. The Project was inaugurated by Rear Admiral V.K. Saxena, IN (Retd.) Chairman & Managing Director, GRSE in presence of all Directors, Senior Management of GRSE and Senior Executives of Apollo Gleneagles Hospital on 18 Nov 2020. The Camps will be held subsequently in other 04 units of GRSE.

During these difficult pandemic times, the underprivileged people find it very difficult to access medical facility and neglect their health. Through this initiative GRSE has addressed these concerns of the Contractors’ Workmen engaged in the Company by arranging medical tests right in the Company premises.

More than 2500 Contractors’ Workmen will be benefited by this CSR initiative.

Garden Reach Shipbuilders & Engineers Limited announces Q2 of FY21 results

FY21 (Q2) RESULTS

GRSE registers a Turnover of Rs.382.40 Cr. in 2nd Quarter.

EBITDA for FY 21 (Q2) is Rs.69.53 Cr.

PBT for FY 21 (Q2) is Rs.55.61 Cr.

PAT for FY 21 (Q2) is Rs.37.85 Cr.

 

Kolkata, Nov11, 2020: Garden Reach Shipbuilders & Engineers Limited (GRSE), one of the leading warship builders in the country have announced its financial results for the Half year ended Sept 30, 2020 today.

Q2 FY21 Compared with Q2 FY20:

                                                                                          Rs. In Crs.

S.No.

Particulars

FY 20-21

FY 19-20

Half year Ended

1

Revenue from Operation

382

607

2

Total Income

480

728

3

Exceptional items

-21

4

EBITDA

70

129

5

PAT

38

84

6

EBITDA Margin (%)

15

18

6

PBT Margin (%)

12

16

7

PAT Margin (%)

8

12

8

EPS (Rs.)

3.30

7.36

 

Quarter Ended Q2 FY21 Compared with Q1 FY21:

                                                                                                              Rs. In Crs.

S.No.

Particulars

FY 20-21

FY 20-21

Q  o Q

Improvement

Quarter Ended

1

Revenue from Operation

272

110

147%

2

Total Income

320

160

100%

3

EBITDA

60

10

6 times

4

PBT

54

2

27 times

4

PAT

38

0.15

252 times

5

EBITDA Margin (%)

19

6

216%

6

PBT Margin (%)

17

1

17 times

7

PAT Margin (%)

12

0.09

 

8

EPS (Rs.)

3

0.01

 

 

  • Revenue from Operation has been increased in Q2 by 147 % in comparison to Q1 of FY20-21
  • Total Income has been increased in Q2 by 100% in comparison to Q1 of FY20-21
  • EBITDA of Q2 has been increased 6 times over that of Q1 of FY 20-21
  • PBT and PAT of Q2 have been increased by 27 times and 252 times respectively over that of Q1 of FY 20-21
  • Operating Loss has been reduced from Rs. 45 Crs. to Operating Profit of Rs. 27 Crs. i.e improvement  by 156% in Q2 over Q1 of FY 20-21

    

IMPACT OF COVID -19

  1. On account of the spread of COVID-19, the Government of India had imposed a complete nationwide lockdown on March 24, 2020 leading to shut down of the Company’s manufacturing facilities and logistics operations. The Company had resumed its manufacturing facilities post mandatory lockdown. In the current quarter the Company have resumed operations to near normalcy. The management is continuously and closely monitoring the developments and possible effects that may result from the current pandemic on its financial condition, liquidity and operations and is actively working to minimize the impact of this unprecedented situation. Management has estimated value of loss of production hours and quantum of non-usage of Plant & Machinery of production shops during this half year period as Rs. 1920.22 Lakhs and Rs. 154.72 Lakhs respectively which has been stated as Exceptional items in Financial Statement (includes Rs. 1707.79 Lakhs due to loss of production hours and Rs. 136.64 Lakhs loss due to non-usage of Plant & Machinery for the quarter ending 30.06.2020)

 

About Garden Reach Shipbuilders & Engineers Ltd. (www.grse.in)

 

Garden Reach Shipbuilders & Engineers Ltd, under the administrative control of the MoD, GoI, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.  GRSE derives a significant majority of its revenue from its shipbuilding division, In addition to their warship building capabilities the company is also engaged in engineering and engine production activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps.

The Company has established capabilities for in-house design and shipbuilding and has made considerable contributions to the indigenous warship construction program of India. Over the years, Company has responded to the varied shipbuilding requirements of the Indian Defence Services and have evolved from building simpler vessels to building bigger and technically advanced warships.

The order book position of the company as on Oct 1, 2020 stood at Rs.26,189 Crs.

 

For more information contact:

Sandeep Mahapatra (Company Secretary & Compliance Officer)

Mr.GauravGirdhar /Mr. IrfanRaeen

GRSE

Concept PR Investor Relations

Tel:  +91 9831447982

Tel: +022 40558900

E-mail: [email protected]

M: +91 7798232425/9773778669

 

Email:[email protected]/[email protected]

DISCLAIMER:

 Certain statements that are made in the Press Release may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like significant changes in economic environment in India and overseas, tax laws, inflation, litigation, etc. Actual results might differ substantially from those expressed or implied. Garden Reach Shipbuilders and EngineersLtd.will not be in any way responsible for any action taken based on such statements and discussions; and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

PRESS RELEASE
GRSE built 4th & last in the series, ASW Corvette, INS Kavaratti Commissioned

Kolkata, 22 Oct 2020: “Indian Naval Ship Kavaratti”, the last in the series of four Anti-Submarine Warfare Corvettes’ (ASWC) built for the Indian Navy by Garden Reach Shipbuilders and Engineers Limited (GRSE), Kolkata, a Mini Ratna Category 1 & leading shipyard of the country, under Project 28, was commissioned today. GRSE had delivered this weapon-intensive platform to the Indian Navy in February this year.

INS Kavaratti was commissioned at Visakhapatnam by the Chief of the Army Staff, General MM Naravane, PVSM, AVSM, SM, VSM, ADC, in the presence of Rear Admiral VK Saxena, IN (Retd), Chairman & Managing Director, GRSE, and other senior officials of the Indian Navy. Commissioning of the ship while braving constraints of COVID-19 highlights the determination and commitment of the Indian Navy, GRSE and other stakeholders in strengthening the maritime security of the nation.

The timeline of the P28 class of ships built by GRSE was synchronized to factor in the first-time unique indigenization efforts. Special High Strength Warship Grade Steel Type DMR 249A, was indigenously developed for these ships’ construction. INS Kavaratti and INS Kiltan are the first two major warships in the country to have the unique feature of Superstructure made of Carbon Fiber Composite Material. GRSE is the first shipyard in the country to have successfully achieved this feat, wherein composite material has been integrated with the steel hull of these two ships. This new age material, has led to an overall reduced weight which in turn led to significant speed/ maneuverability improvements and increased stability of over 20%.

Strategic innovation and indigenization are at the heart of the first three Anti-Submarine Warfare Corvettes built by GRSE. These potent platforms demonstrated their expertise in several Overseas Operations and International Maritime Exhibitions.  INS Kavaratti commissioned today is expected to follow suit. Equipped to fight in Nuclear, Biological and Chemical Warfare conditions, featuring the integration of a host of weapons and sensors, the P28 Class of ships are a milestone in the journey towards “Atmanirbhar Abhiyaan” of the Government of India.  

These ships are designed to be equally effective in the littorals as well as the deep oceans. INS Kavaratti is a versatile Anti-Submarine Warfare platform, 109-meter-long, 14.1-meter-wide and a deep displacement of approx. 3250 tons. With a maximum speed of 25 knots, and an endurance of over 3400 NM at 18 knots speed, the ship can accommodate 17 officers and 106 sailors. This dominant platform is utilized for neutralizing enemy submarines by using weapons like torpedoes, rocket launchers and helicopters. The design with an indigenous content of over 81%, was achieved inhouse by the Directorate of Naval Design and GRSE while the hull of the ship was developed by DRDO and Indian Navy. The “X” form of the Hull and Super Structure gives very Low Radar Cross Section and the special design of propulsion system minimizes Radiated Underwater Noise. The Stealth features make the ship nearly undetectable to the enemy both above and below the sea surface.

GRSE is currently executing three major shipbuilding projects, namely the P17A Project for 3 Advanced Stealth Frigates, 4 Survey Vessels (Large) and 8 Anti-Submarine Warfare Shallow Water Crafts. The shipyard plans to deliver the last ship of the LCU Class by this yearend and the 1st P17A Ship is expected to be launched in Dec this year, well ahead of schedule. GRSE delivered the Fast Patrol Vessel ICGS Kanaklata Barua in June 2020, in the face of challenges in operating in a manpower-intensive industry during pandemic times. GRSE has a strong order book of Rs 26,544 crores as of 31st Mar 2020. The COVID-19 pandemic has triggered innovation in terms of working style for the shipyard. GRSE’s strategies revolve around shifting to smart manufacturing or Industry 4.0 with innovations in Automation, Robotics and the Industrial Internet of Things. A state-of-the-art Modern Hull Block Complex and Indigenous Underwater CNC Plasma Cutting Facility were virtually inaugurated by the Hon’ble Raksha Mantri Shri. Rajnath Singh at the RBD Unit of GRSE, to augment the existing infrastructure at the Main Unit of the Shipyard.

PRESS RELEASE
GRSE Award of Excellence For Employees

Kolkata, 07 Oct 2020: Garden Reach Ship Builders and Engineers Ltd., GRSE, a Miniratna Category 1 Defence PSU and a leading warship building company of India, operating under administrative control of the Ministry of Defence, conferred ‘GRSE Shri’ – the highest award for performance excellence – to its employees on 25 Sep 2020.

As a leading shipyard of the country, GRSE puts a high premium on its team members and in all its endeavors, places complete faith in the team members who constantly infuse vigor and dynamism to the organization. Every year the award is given to selected members of GRSE in recognition of their relentless efforts and indomitable zeal for excellence which accentuates the phenomenal growth trajectory of GRSE. The motto of the award is to uphold the spirit of reaching for higher pinnacles in maritime excellence while being firmly rooted to the commitment of constantly raising the bar. This year there was special emphasis to recognize the “Corona Warriors” too.

The ‘GRSE Shri’ award was given to Lt. Col Sanjay Anand, Additional General Manager (Security & Admin), Cdr SC Jha, Deputy General Manager (ES), Mr. Shivaji Guha, Manager (Shipbuilding Shop) from Main Unit and Mr. Gautam Karmakar, Deputy General Manager (MFOS) from FoJ Unit of GRSE.

In a gesture to appreciate employees for displaying significant traits of brilliance and dedicated efforts, the company also honored twenty two of its team members working in different departments, with ‘Chairman’s Commendation’ and ‘Letter of Appreciation’. Every year the awards while boosting the confidence of the recipients also inspire fellow members to perform better and attain higher goals as professionals.

PRESS RELEASE
GRSE built FPV “ICGS Kanaklata Barua” Commissioned

Kolkata, 30 Sep 2020: “ICGS Kanaklata Barua”, the vessel built by GRSE in the series of five Fast Patrol Vessels for the Indian Coast was commissioned today. Garden Reach Shipbuilders and Engineers Limited (GRSE), Kolkata, a Mini Ratna Category 1 & leading shipyard of the country,delivered this ship to the Indian Coast Guard on 09 Jun 2020 taking the record delivery count of the organization to 105 warships.

The Fast Patrol Vessel (FPV), ICGS Kanaklata Barua was commissioned at GRSE FOJ Unit through video conferencing mode by Shri Jiwesh Nandan, IAS, Additional Secretary, MoD. Senior dignitaries including Rear Admiral VK Saxena, IN(Retd), Chairman & Managing Director, GRSE, Cmde. Sanjeev Nayyar, IN (Retd), Director (Shipbuilding), Cmde. P R Hari, IN (Retd), Director (Personnel), Shri. R.K Dash, Director (Finance) and other senior officials of the Indian Coast Guard and GRSE attended the ceremony.

The FPVs are medium-range surface vessels with a length of 50 m, a width of 7.5 m and displacement of around 308 T and are proficient at operating in the maritime zones of India. These powerful, fuel-efficient platforms are designed to perform multipurpose operations like patrolling, anti-smuggling, anti-poaching, and rescue operations. The vessels are designed for a maximum speed of 34 knots with an endurance of more than 1,500 nautical miles. It is equipped with 03 main engines of MTU make and built up at GRSE with advanced control systems, ‘Water Jet’ units and an ‘Integrated Bridge System’ integrating all communication and navigation systems. The ship is also fitted with 40/60 gun as the main armament and will also have improved habitability features with fully air-conditioned modular accommodation for 35 personnel. The entire design of these FPVs has been developed In-House by GRSE as per requirements specified by the Indian Coast Guard.

Over the years, GRSE has established capabilities for In-House Design and Shipbuilding and has made significant contributions to the Indigenous Warship construction program in India. The Design R&D Unit of GRSE has been recognized for its competence by Dept. of Scientific & Industrial Research (DSIR), Ministry of Science & Technology, and Govt. of India.

Celebrating the “Atmanirbhar Bharat Abhiyaan”, a State-of-the-Art Modern Hull Block Complex and Indigenous Underwater CNC Plasma Cutting Facility was virtually inaugurated by Hon’ble Raksha Mantri Shri. Rajnath Singh at the Rajabagan Dockyard Unit of GRSE, to augment the existing infrastructure at the Main Unit of the Shipyard.

GRSE enjoys a deep pool of revenue-generating projects with its order book position of Rs. 26,544 crore as on 31 Mar 2020.

GRSE strategies revolve around shifting to smart manufacturing (Industry 4.0), with marked innovations in automation, robotics and the industrial internet of things. Introducing Artificial Intelligence, Machine Learning, Interoperability and secured connectivity enabling real time monitoring, control and optimization of processes, resources and systems shall enable workload consolidation across Design, Production & Supply Chain Management, significantly in the future.

GRSE continues to strive towards Atmanirbharta or self-sufficiency in all its future projects, focused on its core verticals of Shipbuilding, Engineering and Engine Production.

PRESS RELEASE
Garden Reach Shipbuilders and Engineers Limited observes Independence Day

Kolkata, 15 Aug 2020: Garden Reach Shipbuilders and Engineers Limited (GRSE) observed the 74th Independence Day at their Main Unit with patriotic zeal. Rear Admiral VK Saxena, IN(Retd), Chairman & Managing Director, GRSE, the Chief Guest for the occasion hoisted the National Flag in the presence of Cmde Sanjeev Nayyar, IN (Retd), Director (Shipbuilding), Cmde P R Hari, IN (Retd), Director (Personnel), Shri R K Dash, Director (Finance), Shri Dipankar Mahto, IP&T AFS, Chief Vigilance Officer and other senior officials and employees of GRSE.

Rear Admiral VK Saxena, IN(Retd), Chairman & Managing Director, GRSE, addressed the gathering and reiterated the importance of Independence Day for every Indian and spoke about the sacrifices made by freedom fighters. On the current pandemic which has hit the world, CMD GRSE expressed hope on the development of a vaccine and mentioned that it is just a matter of time before we overcome the challenging situation at hand. We however need to continue to take all precautionary measures to stop the spread of the disease. Rear Admiral Saxena applauded all officers, workers and CISF personnel for working together to see the company sail through this difficult time. CMD, GRSE reminded that safety is not only the responsibility of the Safety Department but the responsibility of one and all including permanent and contractual employees. He concluded his speech stating that GRSE has been in the service of the nation protecting the maritime zones and aiding the land forces with its diversified product profile. The Government of India and GRSE’s prime clients including Indian Navy, Indian Coast Guard have reposed faith on this premier shipyard which is currently constructing 15 warships simultaneously for Indian Navy. With the modernization in place, GRSE is confident on completing these projects on time.   

GRSEwith its continued stellar and consistent performance in the past yearshas contributed significantly to themaritime security and development of our country. The skilled and dedicated workforce of GRSEhave put in theirwhole hearted effortstowards achieving increased productivity and high quality of work, thereby enabling GRSE to become the first shipyard in the countryto deliver 105 warshipsto Indian Navy, Indian Coast Guard and Mauritius Coast Guardsince its inception in 1960.

The Company has also embraced the Atmanirbhar Mission, an initiative taken by the Govt of Indiato make the country self reliant on the products that were imported earlier for its shipbuilding portfolio. The modernisation of infrastructure with integrated modular construction technology was the first step towards Atmanirbharta.  Moving forward with the Atmanirbhar Mission, GRSE has recently added to it’s capacity, a State-of-the-Art Modern Hull Block Complex and Indigenous Underwater CNC Plasma Cutting Facilitywhich were virtually inaugurated by Hon’ble Raksha Mantri, Shri Rajnath Singh at the RBD Unit of GRSE to augment the existing infrastructure at the Main Unit of the shipyard, thus a step towards concurrent construction of 24 ships from the existing capacity of 20ships. These facilities will enable GRSE in executing its ongoing prestigious warship projects including Stealth Frigates of Project P17A, Survey Vessels(Large) and ASWSWCs for the Indian Navy which comprises a total of 15 warships.Another fact that needs mention is that GRSE is the only Defence Shipyard to have diversified into Engineering Business with a product profile of Pre-Fabricated Steel Bridges, Marine Diesel Engines and Deck MachineryItems.Bailey Bridge Unit of the shipyard is engaged in designing, developing and installing bailey bridges to far flung areas& terrains in India and abroad having delivered over 5300 Bailey Bridges to Indian Army, BRO, Central and State PWDs and to friendly foreign countries like Bhutan, Nepal, Sri Lanka and Myanmar.As a part of Atmanirbhar Bharat Week celebration, GRSE also launched a “First of its Kind” Portable Pedestrian (Assault) Bridge which was virtually inaugurated by Hon’ble Raksha Mantri Shri. Rajnath Singh at 61 Park Unit, GRSE.The salient features and advantages of this assault bridge is that it has a weight of 336 kg only. The bridge is Man – Portable and reusable using Crew of 10-12. This Assault Bridge will be an ideal solution for Forward Areas and Disaster Relief Management.

GRSE continues to sail on a growth trajectory moving towards Industry 4.0 with incorporation of latest technologies like Artificial Intelligence, Machine Learningand Data Analytics in its areas of operation to improve internal efficiencies & profit margins.



PRESS RELEASE
GRSE Built “First Of Its Kind” Portable (Assault) Bridge Launched

Kolkata, 13 Aug 20: Moving forward with the Atmanirbhar Mission, Garden Reach Shipbuilders and Engineers (GRSE) Ltd., a Miniratna Category 1 Defence PSU and premier warship builder of the nation, launcheda “First of its Kind” Portable Bridge (Assault) today. The Bridge was virtually launched by Hon’ble Raksha Mantri, Shri Rajnath Singh at GRSE’s 61 Park Unit, Kolkata. This is a major milestone towards achieving Self Reliance. Rear Admiral VK Saxena, IN (Retd.), Chairman& Managing Director, GRSE, Cmde. Sanjeev Nayyar, IN (Retd), Director (Shipbuilding), Cmde. P R Hari, Director (Personnel) & Shri R K Dash, Director (Finance), and Senior Officials of GRSE were present on the occasion.

Apart from shipbuilding & ship repair, GRSE is the only Defence Shipyard to have diversified into Engineering Business with a product profile of Pre-fabricated Steel Bridges. Bailey Bridge Unit of the shipyard is engaged in designing, developing and installing bailey bridges to far flung areas& terrain in India and abroad having delivered over 5300 Bailey Bridges to Indian Army, BRO, Central and State PWDs and also friendly neighbourhood countries like Bhutan, Nepal, Sri Lanka and Myanmar. Recently, the Bailey Bridge division has designed and developed a new product, the “Portable (Assault) Bridge”. This bridge is made of Carbon Fibre Polymer Composite Material and can be used by pedestrians & light vehicles.

The salient features and advantages of this assault bridge is that it has a span of 30 ft (9.15 m), width of 2.10 m and weight of 336 kg. It also has a load capacity of IRC-6, 400 kg/sqm (Foot Bridge) & 1.10 MT of ATV.The bridge is Man – Portable and reusable using Crew of 10-12. This Assault Bridge will be an ideal solution for Forward Areas and Disaster Relief Management.

Garden Reach Shipbuilders and Engineers has been at the forefront of the nation’s maritime progress aimed towards self reliance in the sixty years since its inception in 1960with the delivery of the first Indigenous warship of independent India in 1961, INS Ajay, a Seaward Defence Boat for the Indian Navy. The shipyard has delivered 105 warships to the Indian Maritime Forces, the highest deliveries by any shipyard in the country, till date.

GRSE has undertaken major modernisation of infrastructure at its Main Unit with modular integrated construction technology. Celebrating the “Atmanirbhar Bharat Abhiyaan”, a State-of-the-Art Modern Hull Block Complex and Indigenous Underwater CNC Plasma Cutting Facility was virtually inaugurated by Hon’ble Raksha Mantri Shri. Rajnath Singh at the Rajabagan Dockyard Unit of GRSE on 10 Aug 2020 to augment the existing infrastructure at the Main Unit of the shipyard.Thus a step towards concurrent construction of 24 ships from the existing capacity of 20 has been initiated. GRSE has a dedicated, multi disciplinary, strong Design Team which is continuously working towards developing various concept designs for ships, deck machinery items and pre fabricated bridges that can cater to the current and future requirement of its existing and prospective customers in India and friendly foreign countries.

GRSE continues to strive towards Indigenisation and self-sufficiency in all its future projects focussed on its core verticals of shipbuilding, engineering and engine production.

PRESS RELEASE
104th Annual General Meeting of GRSE

Kolkata, 11 Sep 2020: The 104thAnnual General Meeting (AGM) of Garden Reach Shipbuilders & Engineers Limited (GRSE) was held on Friday 11 Sep 2020 through VC/OAVM. The Meeting was attended by Rear Admiral VK Saxena, IN (Retd), Chairman & Managing Director and other Directors, along with shareholders.

The performance of GRSE, continued to be strong during the year 2019-20:

  • Revenue from Operations stood at Rs. 1433.30 Cr as compared Rs.1386.42 Cr, an increase of3.38 % over Previous Year
  • EBITDA stood at Rs. 255.30 Cr as compared to Rs.211.16 Cr, 20.90%, improvement over Previous Year
  • EBITDA (Margin) is 15.39% in current twelve months against 13.56% in the corresponding twelve months. Thus, registering an increase of 1.83%
  • PBT stood at Rs. 223.87 Cr as compared to Rs.178.96 Cr, up by 25.10%, in comparison to twelve months of Previous Year
  • PAT stood at Rs.163.48 Cr, as compared to Rs.109.94 Cr, up by 48.70%, in comparison to same period of Previous Year
  • Profit After Tax (Margin) is 9.86% in current twelve months against 7.06% in the corresponding twelve months Thus, registered increase of 2.80%
  • EPS stood at Rs.14.27 as compared to compared to Rs. 9.60 up by Rs.4.67 per share, in comparison to same period of Previous Year

The Board of Directors of the Company has recommended a final dividend of Rs. 1.40/- per equity share of face value of Rs.10/- each for the financial year 2019-20. This is in addition to the interim dividend of Rs.5.74/- per equity share of face value of Rs. 10/- each which was paid on 30 Mar 2020. The total Dividend declared for the Financial Year 2019-20 is Rs.7.14/- per equity share of face value of Rs.10/- each. The order book position of the Company as on 31 Mar 2020 stood at Rs. 26,544 Cr with shipbuilding projects related Order Book Value of Rs. 26,281 Cr. During the Reported Period the company delivered 04 Warships, 02 for Indian Navy and 02 for Indian Coast Guard.  This makes total warship delivered numbers as104 till end of 31st March 2020.

Strengthening India’s Defence preparedness has been GRSE’s core objective, focused on its core verticals of Shipbuilding, Engineering & Engine Production. The Company delivered the 105th warship, FPV, ICGS Kanaklata Barua, to the Indian Coast Guard on 09 Jun 2020, being the only shipyard in the country to have delivered 105 warships. With continuous focus on modernization of infrastructure, GRSE has taken a strategic step to augment existing shipbuilding capacity. A state of the art underwater CNC Plasma Cutting Machine & a new Hull Block Fabrication Facility was inaugurated by Hon’ble Raksha Mantri, Shri Rajnath Singh at the RBD Unit of GRSE during AtmaNirbhar Bharat Week on 10 Aug 2020. GRSE’s diversification into Engineering has aided the land forces of the country and friendly foreign countries with the range of pre-fabricated steel bridges installed at high altitudes and for disaster relief. On 13 Aug 2020, Shri Rajnath Singh, Hon’ble Raksha Mantri, launched a “First of its Kind” Assault Bridge as part of the AtmaNirbhar Bharat Week Event.

Rear Admiral V K Saxena, IN (Retd.), Chairman & Managing Director, in his address highlighted GRSE’s healthy Order Book and expressed his confidence in Team GRSE to emerge strong amidst the uncertainties created by the global pandemic. CMD GRSE appreciated the hard work and dedication of all the employees in taking the Company on its path of success & thanked the Investors for their faith, commitment & confidence in the Shipyard. The unstinted support from the Ministry of Defence, Indian Navy, Indian Coast Guard, Central and State Government Authorities has helped GRSE achieve its goals, he said. New initiatives including implementation of Industry 4.0 robotics, AI, machine learning, with sparked innovations in automation,GRSE is poised for workload consolidation across Design, Production & Supply Chain Management in the future to strive ahead on a growth path.

   

PRESS RELEASE
GRSE ‘s Atmanirbhar Mission – New Modernisation Facility Launched

Kolkata, 10 Aug 20: Taking the Self Reliant India Mission forward,Garden Reach Shipbuilders and Engineers (GRSE) Ltd., a Miniratna Category 1 Defence PSU and premier warship builder of the nation, launched two new facilities today. As part of the Atmanirbhar Bharat Week Celebration, a state-of-the-art indigenous underwater CNC Plasma Cutting Machine and a Modern Hull Block Fabrication Complex, were virtually inaugurated by Hon’ble Raksha Mantri, Shri Rajnath Singh at GRSE’s Rajabagan Dockyard Unit, Kolkata. This marks the achievement of a major milestone by the Shipyard in their ongoing modernisation plan. Rear Admiral VK Saxena,IN (Retd.), Chairman and Managing Director, GRSE,Cmde. Sanjeev Nayyar, IN (Retd), Director (Shipbuilding), Cmde. P R Hari, Director (Personnel) & Shri R K Dash, Director (Finance), and Senior Officials of GRSE were present on the occasion.

The CNC Plasma Cutting facility set up at a cost of Rs.4.14 Crores will enhance the plate cutting capacity by 30% and the Complex constructed at a cost of Rs.19 Crores for Hull block Fabrication will enable concurrent construction of large sized (40 Ton) hull blocks in a covered environment, which will facilitate modular Integrated Construction of warships with an enhancement in production capacity of hull blocks by 25%. Both these facilities will go a long way in enhancing the production capacity of the shipyard, especially during execution of the three major warship building projects comprising of 15 warships that GRSE is presently handling for the Indian Navy- the P17A Stealth Frigates, the ASW Shallow Water Craft and the Survey Vessels (Large).

The CNC Plasma cutting machine facility shall have the ability to cut plates with cutting capacity of 3 mm thk to 65 mm thk carbon steel plates, 30 mm thk stainless steel plates & 50 mm thk Aluminium plates with an accuracy range of 1 mm max. This machine also has an underwater plasma cutting torch to cut the plate in submerged condition to reduce fume and pollution. The machine has the capability for bevel cutting upto 45 degree which is expected to enhance production rate from 2000 to 3000 MT per day as per the requirement and nesting pattern and obviate duplicate activity which was otherwise done separately.

The Industrial Shed, Area-1 (85M x 27M), also inaugurated today enhances GRSE’s capability for construction of higher capacity block to meet the production requirement for the ongoing prestigious P17A Project at Main Works Unit of GRSE. The complex constructed at a cost of INR 19 crores for Hull Block Fabrication, will enable concurrent construction of large sized (40 Ton) hull blocks in a covered environment, which will facilitate modular integrated Construction of Warships.

Celebrating the ‘Atmanirbhar Bharat Abhiyaan, GRSE has a few activities planned to be undertaken during the Week including Inauguration of a New Product, The Portable Pedestrian (Assault) Bridge, which is a first of its kind. GRSE is a diversified Company with its strong foothold into Engineering Production including Portable Steel Bridges and Deck Machinery Items. A Webinar with MSME Vendors for promotion of registration in GeM and Launching the Online Vendor Grievance Redressal Portal shall be the other highlights to mark the event. 

Garden Reach Shipbuilders and Engineers has been at the forefront of the nation’s maritime progress aimed towards self reliance in the sixty years since its inception in 1960 with its indigenisation efforts and focus, since the delivery of the first Indigenous warship of independent India in 1961, INS Ajay, a Seaward Defence Boat for the Indian Navy. The shipyard has delivered 105 warships to the Indian Maritime Forces, the highest deliveries by any shipyard in the country, till date. Additionally, 786 platforms have been delivered too. GRSE has had a focus on building In-House capabilities, in the area of design and production. As a pioneer in Indigenous Warship construction programme, the shipbuilder’s product line extends its span from technologically sophisticated Frigates and Corvettes to Fast Patrol Vessels. The Indigenization achieved in the Kamorta class Anti-Submarine Warfare Corvettes delivered by GRSE to the Indian Navy, became the first Warship built in the country with Indigenously developed warship grade steel, earning the distinction of achieving 90% Indigenous equipment fit. It was a major step towards achieving self-reliance in state-of-the-art warship design and construction. The LCUs built by GRSE, designed In-House, have the distinction of over 90% indigenous equipment fit as well.

GRSE is poised to continue to strive towards Indigenisation and self-sufficiency in all its future projects focussed on its core verticals of shipbuilding, engineering and engine production.



PRESS RELEASE
New Director(Finance) joins GRSE

Kolkata, 01 Jul 20: Shri Ramesh Kumar Dash has assumed charge as Director (Finance) and CFO of Garden Reach Shipbuilders & Engineers Limited, Kolkata on 01 Jul 2020. He is an Associate Member of the “Institute of Cost Accountants of India”, Master in Commerce and Bachelor of Law. Prior to joining GRSE, Mr. Dash was working in HAL, Bangalore. He has around 28 years of experience in different CPSUs in the field of Finance and Accounts.

PRESS RELEASE
GRSE delivers its 5th Fast Patrol Vessel to the Indian Coast Guard

Kolkata, 09 June 2020: India’s premier warship builder Garden Reach Shipbuilders and Engineers (GRSE) Ltd of Kolkata has delivered ICGS Kanaklata Barua, the fifth and final ship in the series of Fast Patrol Vessels (FPV) for the Indian Coast Guard. This is the 105th vessel delivered by the Miniratna Category 1 Defence PSU shipyard. The handover was done at GRSE’s Fitting Out Unit in Kolkata. The Protocol of Delivery and Acceptance was signed between Rear Admiral VK Saxena, IN (Retd.), Chairman & Managing Director, GRSE and Commanding Officer of the vessel, Comdt (JG) Subhash Kapoor, in the presence of DIG RH Nandodkar TM, Shri S.S.Dogra, Director (Finance), Cmde S.Nayyar, Director (Shipbuilding), Cmde. P R Hari, Director (Personnel) and other Senior Officials of GRSE and Indian Coast Guard.

Yard 2116, the Fourth ship in the series of FPVs is earmarked for export delivery to the Seychelles Coast Guard and is likely to be delivered shortly after completing the related formalities. As per the related developments as on date, GRSE will make another ship as a replacement to the one diverted to the Seychelles Coast Guard. Related formalities of signing contract with the amendments to the existing contract are underway and will be completed shortly.

The Fast Patrol Vessels have been entirely designed by GRSE’s Central Design Office. With an efficient hull form developed in-house and proved through extensive model testing, these ships are designed to achieve speeds exceeding 34 knots with an endurance of more than 1500 nautical miles. These fuel-efficient and powerful platforms are well suited for operations like patrolling, anti-smuggling, anti-poaching and rescue. They are fitted with state-of-the-art Main Engines with advanced control systems & Water jet units and an ‘Integrated Bridge System’ integrating all Communication and Navigation Systems. These ships are also fitted with 40/60 Gun as Main Armament and have improved habitability features with fully air-conditioned modular accommodation for 35 personnel.GRSE had earlier made deliveries of FPVs ICGS Priyadarshini, ICGS Annie Besant and ICGS Amrit Kaur in this series.

Originally built at the Shipyard’s Rajabagan Unit, to meet it’s commitment to the Indian Coast Guard, GRSE has shifted the vessel’s location so that final work on the ship prior to delivery including balance fitting out, readiness of ship systems and setting to work of equipment/ systems could be completed by undertaking work at the FOJ Unit in compliance with MHA and WB Government Guidelines. Shipyard has also overcome the constraints posed by Super Cyclone “Amphan” for achieving this milestone.

GRSE has successfully developed an array of world-class platforms armed with high-tech infrastructure in the six decades since its inception in 1960. This includes Frigates, Missile Corvettes, Anti-Submarine Warfare Corvettes, Landing Ship Tank (Large), Landing Craft Utility Ships, Fleet Tanker, Survey Vessels, Fast Attack Crafts, Fast Patrol Vessels, Inshore Patrol Vessels, Offshore Patrol Vessel, Hovercrafts, Fast Interceptor Boats for the Indian Navy and Coast Guard and friendly foreign nations. The only shipyard in the country to have delivered 105 warships, GRSE is eminently positioned to construct large warships harnessing advanced modular shipbuilding technology at par with the best in the world. The enhanced shipbuilding capacity enables GRSE to construct 20 ships concurrently. Apart from shipbuilding and ship repairs, GRSE has also made its mark in the engineering business, building Bailey Bridges, Deck Machinery for ships and Diesel Engines for marine applications.

GRSE enjoys a deep pool of revenue-generating projects as evidenced by its current order book position of Rs.26,500 crores. In the current crisis brought about by the COVID-19 pandemic, GRSE has been in the forefront of prevention and relief activities in areas around its units in Kolkata. Three GRSE-built vessels led the Indian Navy’s successful efforts at safely evacuating expatriate Indian nationals. 

Team GRSE continues to raise its bar higher in the field of maritime engineering excellence through its ship deliveries. Continuous research and innovation, lean thinking, superior product quality and a robust corporate structure powered by an outstanding human resource pool are the hallmark of GRSE’s working. With its relentless focus on its vision to be a world leader in shipbuilding, the shipbuilder has set sail towards a growth trajectory. The successful delivery of ICGS Kanaklata Barua further propels it towards that goal.

PRESS RELEASE

Performance Review
Q4 & FY20 Results Ended 31st March, 2020

 

Highlights forFY20 vis-à-vis FY 19

  • Total Income up by 6.49 % to Rs.1658.79 crore from Rs. 1557.66 crore
  • Operating Revenue up by 3.38 % to Rs.1433.30crore from Rs.1386. 42 crore
  • Profit Before Tax upby25.10% to Rs.223.87 crore from Rs. 178.96 crore
  • Profit After Tax up by48.70% to Rs.163.48 crore from Rs. 109.94 crore
  • EPS at Rs.14.27as compared to FY19 Rs 9.60, up byRs.4.67 per share

 

Kolkata, May 29, 2019: Garden Reach Shipbuilders & Engineers Limited, one of India’s leading warship builder for Indian Navy and Coast Guard has announced its Financial Results for the Quarter & Year ended March 31, 2019.

FY 18-19 performance financial highlights                                                   

  • Revenue from Operations at Rs. 1386.43 crores.
  • EBITDA of Rs. 211.16 crores; y-o-y growth of 29 %
  • PAT Increased to Rs. 109.93 crores; y-o-y growth of 19%
  • EPS for FY 18-19 stood at Rs.9.60 per share, as compared to Rs.7.60  per share for FY 17-18, with y-o-y growth of 26%

 

FY20 Financial Performance Highlights

  • Revenue from Operations stood atRs. 1433.30Cr as compared Rs.1386.42 Cr, an increase of3.38 % over Previous Year
  • EBITDA stood at Rs. 255.30Cr as compared to Rs.211.16Cr, 20.90%, improvement over Previous Year
  • EBITDA (Margin) is 15.39% in current twelve months against13.56% in the corresponding twelve months. Thus, registering an increaseof 1.83%
  • PBT stood at Rs. 223.87Cr as compared to Rs.178.96Cr, up by 25.10%, in comparison to twelve months of Previous Year
  • PAT stood at Rs.163.48 Cr, as compared to Rs.109.94Cr, up by 48.70%, in comparison to same period of Previous Year
  • Profit After Tax (Margin) is 9.86% in current twelve months against 7.06% in the corresponding twelve months Thus, registered increase of 2.80%
  • EPS stood at Rs.14.27 as compared to compared to Rs. 9.60 up by Rs.4.67 per share, in comparison to same period of Previous Year

 

Q4 FY20: Revenue down by 5.51%, PAT increase by 47.80% against same period of Previous Year

Highlights for Q4FY20 vis–a-vis Q4 FY19

  • Total Incomedecreased by 5.51% to Rs.509.48 crore from Rs. 539.17 crore
  • Operating Revenue down by 6.65% to Rs456.69crore from Rs. 489.21 crore
  • Profit Before Tax down by 5.29% to Rs. 69.15 crore from Rs. 73.01 crore
  • Profit After Tax increase by47.80% to Rs.49.69crore from Rs. 33.62 crore
  • EPS at Rs.4.34as compared to Rs 2.94 last year, up by Rs.1.40 per share

 

Q4 FY20 Vis-à-vis Q4 FY19:

  • Revenue from Operations for the quarter ended March 31, 2020 stood at Rs 456.69 Cr., as compared to Rs.489.21 Cr. in the same period of Previous Year
  • EBITDA (Margin) is 15.05% in current quarter against 15.03% in the corresponding quarter of last year. Thus, registering a increase of 0.02%
  • Profit Before Tax stood at Rs. 69.15 Cr. in current quarter against Rs.73.01 Cr.in the corresponding quarter of last year. Decrease is 5.29%
  • Profit After Tax stood at Rs.49.69 Cr. in current quarter against Rs.33.62 Cr. in the corresponding quarter of last year increase is47.80%
  • Profit After Tax (Margin) is9.75% in current quarter against 6.24% in the corresponding quarter of last year. Thus, registeredincrease of 3.51%
  • Earnings Per Share for Q4 FY20 stood at Rs.4.34, as compared to Rs. 2.94 for Q4FY19 up by Rs.1.40 per share.

 

Operational Highlights of Reported Period

Consistent improvements in FY 19-20 over last 4 years, since FY 16-17

  • Operating Revenue increased by 54% to Rs 1433.30crore from Rs. 929.32 crore
  • Profit Before Tax increased to Rs. 223.87 crore from Rs. 20.12 crore
  • Profit After Tax increased to Rs.163.48 crore from Rs. 11.47 crore
  • EPS is  14.27 as compared to Rs 0.94
  • Dividend per share Rs 7.14 against Rs 4.37

The Company has reported consistent improvement since last 4 years , FY 16-17 due to commencement of Advanced project of P-17 A with higher improved operating efficiency.

The company is currently executing 05 Projects with construction of 18 Ships.  Of these Projects, 04 Projects are for Indian Navy and 01 Project is for Indian Coast Guard.

As on 31 March 20, the company Order Book position stands at Rs.26,544 Crores with shipbuilding projects related Order Book Value of Rs. 26,281 Crores.  During the Reported Period the company delivered 04 Ships, 02 for Indian Navy and 02 for Indian Coast Guard.  With these deliveries the company delivered 04Ships in total during the 12 months period from April 2019 till Mar2020.This makes total warship delivered numbers as104 till end of 31st March 2020.

Under Indian Navy Contract for construction of 03 Advanced Stealth Frigates with total Contract Value of Rs. 19,293 Crores, the company recently did the Keel Laying for 2nd Ship which is ahead of the contractual timelines.  The construction of the 1st Ship of this contract is progressing satisfactorily and company has plans to have the start production for the 3rd Ship shortly.

In respect of Survey Vessel (Large) Project of Indian Navy for 04 Ships, the company has done with the Keel Laying for the 1st Ship and start production for the 2nd Ship during the reported period.

Company operations were impacted during lockdown period imposed in view of the Covid-19 Pandemic. However partial operations have resumed and company has made a catch-up plan to make up the production losses suffered due to lockdown.

There has been some impact on the Company’s Assets / properties due to the Cyclone Amphan which hit some parts of the State of West Bengal including Kolkata.Though  there has been no major loss to the Shipyard assets ,suitable steps have been taken towards lodging the Insurance claims with the underwriter as all assets are fully covered under the insurance policies.

 

About Garden Reach Shipbuilders & Engineers Ltd. (www.grse.in)

Garden Reach Shipbuilders & Engineers Ltd, under the administrative control of the MoD, GoI, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.  GRSE derives a significant majority of its revenue from its shipbuilding division, In addition to their warship building capabilities the company is also engaged in engineering and engine production activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps.

The Company has established capabilities for in-house design and shipbuilding and has made considerable contributions to the indigenous warship construction program of India. Over the years, Company has responded to the varied shipbuilding requirements of the Indian Defence Services and have evolved from building simpler vessels to building bigger and technically advanced warships.

 

For more information contact:

Sandeep Mahapatra (Company Secretary & Compliance Officer)

Mr.GauravGirdhar /Mr. IrfanRaeen

GRSE

Concept PR Investor Relations

Tel:  +91 9831447982

Tel: +022 40558900

E-mail: [email protected]

M: +91 7798232425/9773778669

 

Email:[email protected]/[email protected]

PRESS RELEASE
CONTRIBUTION OF GRSE TOWARDS COVID PREVENTION MEASURES AND RELIEF & REHABILITATION POST SUPER CYCLONE AMPHAN

During the prevailing pandemic conditions due to Covid 19, GRSE has been actively supporting the local population of Metiabruz area by providing masks, sanitisers, food grains etc. and the Traffic and Local Police by providing face masks and sanitisers.

In a gesture to express solidarity with the State Administration towards supporting the relief and rehabilitation activities being undertaken by the Govt of West Bengal for the Amphan affected citizens and also for the Covid prevention measures, the shipyard has contributed Rs 10 lakhs to the West Bengal State Emergency Relief Fund. The amount was donated by the employees of the shipyard and the Chairman and Managing Director, GRSE, Rear Admiral VK Saxena, IN (Retd.) presented the cheque for the said amount to the Hon’ble Mayor of Kolkata on 03 June 2020.

PRESS RELEASE
Step towards Atmanirbharta:
Warship IN LCU L-57Indigenously built at GRSE, Commissioned

Kolkata, 15 May 20: The Seventh of the Eight Landing Craft Utility (LCU) IN LCU L 57,built at Garden Reach Shipbuilders and Engineers Limited (GRSE), Kolkata, a Mini Ratna Category 1 & leading shipyard of the countrywas commissioned today at Port Blair by Lt. General PS Rajeshwar PVSM, AVSM, VSM, ADC CINCAN. The ship is the 103rd warship delivered by GRSE. 

GRSE’s association with the Indian Navy is long and strong as over the last six decades the shipyard has been building warships and other vessels for the country’s Navy and Coast Guard. Over last 60 years, GRSE has built and delivered over 780 platforms which include 104 warships to Indian Navy, Indian Coast Guard & Government of Mauritius which is highest number of warships built & delivered by any shipyard in the country. Incidentally, the 100th warship delivered by GRSE was also a Landing Craft Utility, IN L 56. The first ship of the Mark IV LCU Vessels IN LCU L-51 was commissioned into Indian Navy in March 2017.

From building 05 ton boats to 24600-ton Fleet Tanker, GRSE has done it all and has proved its mettle as a pioneer warship builder of the nation.GRSE built ships are varied in their range and scope. From Anti Submarine Warfare Shallow Water Crafts, Frigates, Missile Corvettes, Anti-Submarine Warfare Corvettes, Fleet Tankers, Landing Ship Tank, Landing Craft Utility to Survey Vessels, Offshore Patrol Vessels and Fast Attack Crafts – the repertoire is rich and varied. GRSE has embraced infrastructure modernization over past decades towards creating an integrated shipbuilding facility enabling concurrent construction of 20 ships.GRSE has once again proves its ability to provide end-to-end solutions to their customers ranging from product conceptualization, design, system integration and project management, thereby enhancing the capability to meet customer demands. Key areas of strength of the shipyard include a strong, multi-disciplinary design expertise, production acumen and focused project planning & execution approach. These are traits that have helped the shipyard create strong differentiators in its path of growth.

The entire design of these LCU Mark IV ships has been developed in-house by GRSE as per requirements specified by Indian Navy.The LCU Mark IV Class of ships are fitted with close to 90% indigenous content in line with the Govt. of India’s ‘Make in India’ initiative towards achieving self-reliance and indigenization. LCU Mk-IV is an amphibious ship with its primary role being transportation and deployment of Main Battle Tanks, Armored Vehicles, troops and equipment from ship to shore. The ships are equipped with Bow Ramps to enable loading/unloading of combat equipment and vehicles upon beaching. These ships based at the Andaman and Nicobar Command, can be deployed for multirole activities like beaching operations, search and rescue, disaster relief operations, supply and replenishment and evacuation from distant islands. The LCU is 63 m in length and 11 m wide and has a displacement of 830 T with a low draught of 1.7 m. It can achieve speed of 15 knots. The LCU is designed to accommodate 216 personnel and is equipped with two Indigenous CRN 91 Guns to provide artillery fire support during landing operations. The ship is fitted with state-of-the-art equipment and advanced systems like Integrated Bridge System (IBS) and Integrated Platform Management System (IPMS).

Another class of Landing Ships indigenously designed and built by GRSE are the Landing Ship Tanks (LST). Amphibious warfare vessels, INS Magar and INS Shardul are active part of Operation “Samudra Setu” in which several aircraft of the Indian Air Force and vessels of the Indian Navy have been deployed to bring back stranded Indians amidst the COVID-19 pandemic. GRSE is also supporting the nation’s fight against COVID-19 through contributions to PMCARES fund and distribution of ‘Masks’, ‘Sanitisers’, ‘Soap’ and food grains to the needy amongst the community around the Company.

Currently GRSE has a strong order book of over Rs.27000 Crore equipping the shipyard with a deep pool of revenue-generating projects. 18 ships which include 08 ASWSWC, 03 P17A, 04 Nos. Survey Vessels (Large), 01 LCUs, 02 FPVs are in various stages of construction and are expected to be delivered to the Indian Navy and the Indian Coast Guard accordingly. GRSE continues to sail on a growth trajectory with increased thrust on export of warships, incorporation of latest technologies (Artificial Intelligence, Machine Learning, Data Analytics) in various areas of operations to improve internal efficiencies & profit margins.

PRESS RELEASE
GRSE’s relief to local needy persons of Metiabruz, Kolkata

Kolkata, 03 May 20: GRSE is actively involved in its efforts to contain the spread of COVID-19 particularly in the area surrounding the Factory premises. As face masks are one of the significant protective equipment to protect from COVID-19, today GRSE distributed 18,000 masks for the needy and vulnerable section of locality as a CSR initiative on 30 Apr 2020. Previously, 4500 masks and 1500 soaps were distributed in two earlier instances to contain the spread of COVID-19 in the local community.

GRSE has also distributed food grains on 30 Apr 2020 to the local administration towards distribution among the needy and poor people residing in the neighborhood who are unable to earn their livelihood due to the country wide lockdown. 2250 kg. rice, 900 kg. pulses and 900 kg. potatoes were distributed for 450 underprivileged families living in the local slum areas of Metiabruz.

The Police who are actually the frontline COVID warriors are also being supported by GRSE from time to time. In continuation to its’ earlier endeavours, 650 masks and 650 soaps were handed over for the different Police stations under DC Port on 30 Apr 2020.

PRESS RELEASE
GRSE’s contribution towards society in West Bengal to fight against COVID-19

Kolkata, 11 Apr 20: “In support of the Nation’s fight against COVID-19, GRSE contributed an amount of Rs.1 crore to the PM CARES Fund . In addition,   the Company has handed over 4000 masks and  1500 lifebuoy soaps  to the Chairman,  Borough XV for distribution among the  underprivileged population of Metiabruz and localities surrounding the Shipyard  premises. Further, 500 masks and 200 sanitizers have been handed over to   the Kolkata Police personnel (Representatives of DC(Port) & DCO (Traffic), South to enable them perform their duty  unhindered and to keep them safe from the dreaded Coronavirus.”

PRESS RELEASE
GRSE contributes Rs 1 crore to help fight COVID-19

Kolkata, 03 Apr 20: Garden Reach Shipbuilders and Engineers Limited, a Kolkata-based Miniratna company under the administrative control of the Ministry of Defence, has made a contribution of Rs 1 crore to help India fight the coronavirus pandemic

The novel coronavirus or COVID-19 has been sweeping across the world, disrupting businesses and life in general. While the nations of the world take every possible measure they can to keep this dreaded pandemic at bay, India is also making an all-out effort by imposing a 21-day lockout and practicing social distancing. The yeoman services rendered by our healthcare personnel and various arms of government and non-governmental agencies help carry out the fight to ‘break the chain’ and restore normalcy in our lives at the earliest. In order to be part of the process of rebuilding the economy in light of the COVID-19 crisis, India’s premier warship builder Garden Reach Shipbuilders and Engineers Limited (GRSE) has stepped in by contributing Rs 1 crore to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund from its Corporate Social Responsibility (CSR) fund.

PRESS RELEASE
GRSE’s relief to local needy persons of Metiabruz, Kolkata

Kolkata, 03 May 20: GRSE is actively involved in its efforts to contain the spread of COVID-19 particularly in the area surrounding the Factory premises. As face masks are one of the significant protective equipment to protect from COVID-19, today GRSE distributed 18,000 masks for the needy and vulnerable section of locality as a CSR initiative on 30 Apr 2020. Previously, 4500 masks and 1500 soaps were distributed in two earlier instances to contain the spread of COVID-19 in the local community.

GRSE has also distributed food grains on 30 Apr 2020 to the local administration towards distribution among the needy and poor people residing in the neighborhood who are unable to earn their livelihood due to the country wide lockdown. 2250 kg. rice, 900 kg. pulses and 900 kg. potatoes were distributed for 450 underprivileged families living in the local slum areas of Metiabruz.

The Police who are actually the frontline COVID warriors are also being supported by GRSE from time to time. In continuation to its’ earlier endeavours, 650 masks and 650 soaps were handed over for the different Police stations under DC Port on 30 Apr 2020.

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THURSDAY, MARCH 25, 2021

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MILLENIUM POST
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PRESS RELEASE
GRSE’s CSR INITIATIVE WITH INDIAN INSTITUTE OF CEREBRAL PALSY

Kolkata, 30 Mar 22: GRSE has a long association with Indian Institute of Cerebral Palsy (IICP) dating back to 2009. GRSE has been adopting 02 Education Development Units (EDU IV &V) and 01 Vocational Training Unit called Life Skill Training Unit (LSTU). The 03 classes covering 43 special children (as on date) who have severe multiple impairments are being supported by GRSE through this project since 2011-12.

GRSE has a long association with Indian Institute of Cerebral Palsy (IICP) dating back to 2009. GRSE has been adopting 02 Education Development Units (EDU IV &V) and 01 Vocational Training Unit called Life Skill Training Unit (LSTU). The 03 classes covering 43 special children (as on date) who have severe multiple impairments are being supported by GRSE through this project since 2011-12.

In FY 2021-22, GRSE is providing financial support of Rs. 17.68 lakh for this project under its CSR initiative. The children of IICP staged a colourful cultural programme which was followed by handing over of the ceremonial cheque by Cmde PR Hari, IN(Retd.), C&MD (Officiating), GRSE in the presence of Sri R K Dash, Director (Finance) and other senior officials of GRSE.

PRESS RELEASE
Celebration of Women’s Day in GRSE

Kolkata, 25 Mar 22: GRSE celebrated International Women’s Day on 24 March 2022, organizing a “Day-Out Programme” for all the lady employees. Ladies from all the Units of the Company participated in the Event. Group activities and scintillating cultural performances added to the fun and frolic. Cmde P R Hari, IN (Retd), CMD, GRSE was the Chief Guest at the Event. Senior Officials of GRSE graced the occasion and their presence was a motivation for one & all.

PRESS RELEASE
GRSE INKS STRATEGIC MOU WITH BORDER ROADS ORGANISATION: 27 NOS. GRSE MAKE, FIRST OF ITS KIND MODULAR DOUBLE-LANE STEEL BRIDGES, TO BE SUPPLIED
KOLKATA, 16 MAR 2022: Facilitating roadway infrastructure development in difficult terrains of India, Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company of India, signed a Memorandum of Understanding (MoU) with Border Roads Organisation (BRO) for the fabrication, supply, erection and launching of first-of-its-kind, 27 nos. double-lane Class 70 modular steel bridges in border areas. The two year contract worth Rs. 65 Crore (approx.) was inked by Director General Border Roads Organisation, Lt Gen Rajeev Chaudhary and Cmde PR Hari, IN (Retd.), Officiating Chairman & Managing Director, GRSE, in New Delhi on 15 Mar 22. These bridges have been designed in-house by GRSE & all components have been manufactured with 100% indigenous raw materials, in line with India’s Aatmanirbhar Bharat Abhiyaan. Live load testing had been completed successfully on the prototype and connectivity through these bridges shall be an ideal solution for strategic roadway infrastructure development in North & North-East India. The first bridge of this kind, was constructed at Flaghill, Dokalam, Sikkim at an altitude of 11,000 feet under Project Swastik of the BRO, inaugurated by Defence Minister Shri Rajnath Singh on 28 December 2021. The bridges have a carriageway width of 7.5 meters, permitting plying of two-way traffic in compliance with specifications laid down by the National Highways Authority of India (NHAI). 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. GRSE has delivered more than 5300 Portable Steel Bridges to Indian Army, Border Road Organisation and State Governments & exported to friendly neighbourhood countries including Nepal, Bhutan, Sri Lanka & Myanmar.

 

PRESS RELEASE
GRSE Bids Farewell to CMD Rear Admiral VK Saxena

Kolkata, 02 Mar 22: Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company of India, bid farewell to CMD Rear Admiral VK Saxena, IN (Retd.) on 28 Feb 2022. After an illustrious career spanning over three decades in the Indian Navy, Rear Admiral VK Saxena, took over as Chairman and Managing Director of GRSE on 01 Mar 17. Right from day one Admiral VK Saxena’s leadership as CMD GRSE has been marked by remarkable adroitness in making his vision a reality while putting people first and celebrating targets together. It was in his tenure that GRSE achieved the distinction of delivering 15 warships in a short span of 60 months. Under the dynamic leadership of Admiral VK Saxena, GRSE also created history by delivering the “100th Warship”, a Landing Craft Utility, L-56 on March 30, 2019, to the Indian Navy. With this achievement, the GRSE became the first Indian Shipyard to build and deliver 100 warships to our Maritime Forces. It is because of his insight, and ability to think out of the box, that GRSE has clinched highly coveted deals. The Shipyard is currently executing 06 prestigious projects of 23 ships including ships for exports. Thanks to Rear Admiral Saxena’s vision on raising the bar higher in the sphere of infrastructure enhancement, GRSE is now positioned to construct 20 ships concurrently using state of the art Advanced Modular Integrated Shipbuilding Technology and modernisation of facilities in all three ship production locations. With Admiral VK Saxena’s focused approach towards capacity enhancement GRSE has remained committed towards adopting AI enabled operations in Design, Production and Supply Chain Management. Today the DPSU is all set for major transformation powered by knowledge, skill, operational capabilities, brand equity, and a dedicated Team. His striking leadership qualities have been duly recognised not only by the people he worked with but also by Awards conferred to him in person. It was a proud moment when on 15 Jul 21 Admiral V. K. Saxena was conferred with ‘CEO of the Year’, award at Asian Leadership Awards 2021. Being recognized as one of the “Next Fortune 500 Companies of India” is another distinguished laurel received by GRSE recently.

PRESS RELEASE
Celebration of Women’s Day in GRSE

Kolkata, 25 Mar 22: GRSE celebrated International Women’s Day on 24 March 2022, organizing a “Day-Out Programme” for all the lady employees. Ladies from all the Units of the Company participated in the Event. Group activities and scintillating cultural performances added to the fun and frolic. Cmde P R Hari, IN (Retd), CMD, GRSE was the Chief Guest at the Event. Senior Officials of GRSE graced the occasion and their presence was a motivation for one & all.

PRESS RELEASE
GRSE Bags Twin Awards at ICC PSE Excellence Awards 2021:
Winner in ‘CSR and Sustainability’ & Runner up in ‘Corporate Governance’ Category
Kolkata, 26 February, 22: Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company of India was conferred with two major awards in the categories of ‘CSR and Sustainability’ (Winner)&‘Corporate Governance’ (Runner up) at a virtual ceremony of 11thICC PSE Excellence Awards. The awards were announced by Dr Bhaskar Chatterjee, Former Secretary of Department of Public Enterprises (DPE) and Chief of the Jury Committee.
The PSE Excellence Awards is an initiative by Indian Chamber of Commerce, to acknowledge the efforts of PSEs and their extraordinary contribution in shaping up the Indian economy. PSE Excellence Awards was started in the year 2010 by ICC along with Department of Public Enterprises, Ministry of Heavy Industries, Government of India. These awards are conferred in Operational Performance Excellence, Corporate Governance, Human Resources Management Excellence, R&D & Technology development, CSR & Sustainability, Best Turnaround, Innovation in Business and Company of the year categories.

PRESS RELEASE

 

Performance Review Q3 & Nine Months ended FY22

 

 

Highlights of financial performance

(i) Nine Months ended FY 22 in comparison to Nine Months ended FY 21

• Revenue from Operation increased by Rs. 471 Crs, registered a growth of 63%.

• Growth of EBITDA and PAT by 47% and 49% respectively over Nine Months period of FY 21.

(ii) Q3 FY 22 in comparison to Q3 FY 21

• Revenue from Operation increased by Rs.127 Crs, registered a growth of 35%.

• Growth of EBITDA and PAT by 18% and 9% respectively over Q3 of FY 21

(iii) Q3 FY 22 in comparison to Q2 FY 22

• Revenue from Operation increased by Rs 65 Crs, registered a growth of 15%.

• Growth of EBITDA and PAT by 5% and 7% respectively over Q2 of FY 22.

Nine Months ended FY22 Compared with Nine Months ended FY21:

 

  • The Total Income stood at Rs.1332.76 crore in Nine Months ended FY22 as against Rs 878.66 crore in Nine Months ended FY21 increase of Rs.454.10 Crs. Improved by 52%
  • Revenues from operations for the Nine Months ended December 31st, 2021 stood at Rs. 1212.90 crore as compared to Rs. 742.00 crore in Nine Months ended December 31st , 2020, Improved by 63%
  • The Earnings before Interest, Tax, Depreciation and Amortization (Core EBITDA) stands Rs. 221.07 crore in Nine Months ended December 31st, 2021, as against Rs 150.43 crore in Nine Months ended December 31st , 2020 . Improved by 47%. & The Company’s EBITDA margin stood at 17%
  • Profit Before Tax (PBT) stood at Rs. 194.05 crore for Nine Months ended December 31st , 2021 as compared to Rs 128.58 crore in Nine Months ended December 31st, 2020. Improved by 51% & The Company’s PBT margin stood at 15%
  • Operating Profit is Rs 45.44 Crs. In Q2FY22 in comparison to Rs. (5.69) Crs. In Q1FY22 i.e increases by Rs. 51.13 Crs over last year of Q2 FY 21
  • Profit After Tax (PAT) reported stood Rs. 142.33 crore in Nine Months ended December 31st, 2021 as against Rs. 95.47 crore in Nine Months ended December 31st, 2020. Improved by 49% & The Company’s PAT margin stood at 11%
  • Operating Profit is Rs 45.44 Crs. In Q2FY22 in comparison to Rs. (5.69) Crs. In Q1FY22 i.e increases by Rs. 51.13 Crs over last year of Q2 FY 21
  • Earnings per share (EPS) for the Nine Months ended December 31st, 2021 stood at Rs 12.42 as compared to Rs 8.33 in Nine Months ended December 31st, 2020

Q3 FY22 Compared with Q3 FY21:

 

  • Revenue from operation is Rs.486.89 crore in Q3 FY22 as against Rs.359.60 crore Q3 FY21 increased by Rs 127 Crs. Improved by 35 %
  • The Company’s EBITDA stood at Rs 95.80 Crs. as against Rs. 80.91 Crs. of Q3 FY21 increased by Rs 15 Crs. Improved by 18 %.
  • Profit Before Tax (PBT) stood at Rs.85.95 crore for Q3 FY22, as against Rs. 72.97 Crs. in Q3 FY21 increased by Rs 13 Crs. Improved by 18%.
  • Profit After Tax (PAT) stood at Rs. 62.95 crore for Q3 FY22, as against Rs.57.62 Crs. in Q3FY21 increased by Rs. 5 Crs. Improved by 9%
  • Earnings per share (EPS) for the quarter ended Q3FY22 stood at Rs 5.49 as compared to Rs 5.03 in Q3FY21.

Q3 FY22 Compared with Q2 FY22:

 

  • Revenue from operation is Rs. 486.89 crore in Q3 FY22 as against Rs. 421.83 crore of Q2 FY22 increased by Rs 65 Crs. Improved by 15%
  • The Company’s EBITDA stood at Rs 95.80 Crs. as against Rs. 91.13 Crs. of Q2 FY22 increased by Rs. 5 Crs. Improved by 5%
  • Profit Before Tax (PBT) stood at Rs 85.95 crore for Q3FY22, as against Rs. 81.65 Crs. in Q3 FY21 increased by Rs. 4 Crs. Improved by 5%
  • Profit After Tax (PAT) stood at Rs. 62.95 crore for Q3FY22. as against Rs. 58.79 Crs. In Q2 FY22 increased by Rs 4 Crs. Improved by 7%
  • Earnings per share (EPS) for the quarter ended Q3FY22 stood at Rs 5.49 as compared to Rs 5.13 in Q2FY22

Commenting on the results, Rear Admiral V.K.Saxena, IN (Retd.), Chairman & Managing Director, Garden Reach Shipbuilders & Engineers Limited said, “During the first, second and third wave of the COVID-19 pandemic, the company effectively managed the challenges and made commendable progress to accomplish operational success. As a result, the shipyard could successfully continue concurrent construction of 17 ships in different stages that include launching of the ‘First of Class’ Indigenous Survey Vessel (Large) for Indian Navy on 05 Dec 21, laying keel of the Ocean-Going Passenger cum Cargo Vessel for the Republic of Guyana on 20 Nov 21 and the Keel of 5th of eight Anti-Submarine Warfare Shallow Water Crafts (ASWSWCs) on 21 Dec 2. The shipyard also Inaugurated GRSE-KPDD (Khidderpore Dry Dock) Unit on 01 Dec 21 and commenced ship repair & refit activities of Defence & commercial segments. The company looks forward to working with a more focused approach to expand the export horizon in shipbuilding and fulfilling the national objective of self-reliance. The company has strong order book position of Rs 24,605 Crs. as on 31 Dec 21.”

 

PRESS RELEASE
GRSE Observes 73rdRepublic Day of India

Kolkata, 27Jan 22: Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company of India observed the 73rd Republic Day with patriotic fervor and enthusiasm on 26 January 2022 following appropriate COVID protocols. The celebration at GRSE Bhawanstarted with unfurling of National Flag by Rear Admiral VK Saxena, IN (Retd), Chairman & Managing Director, GRSE, in the presence of Cmde. PR Hari, IN (Retd), Director (Personnel), Shri. R K Dash, Director (Finance), Comdt Shashi Ranjan, CISF and other senior officials and employees of GRSE followed by National Anthem.

Addressing the gathering, Rear Admiral VK Saxena, IN (Retd.) CMD, GRSE applauded all officers and workers towards the achievement of “Excellent”MoU Rating for the year 2021, whilst GRSE navigated through the difficult times of the pandemic facing many challenges. Highlighting the importance of the ‘Constitution’ for India as the world’s largest democracy, he stated that GRSE is committed to the national objective of self-reliance. Admiral VKSaxena stated that GRSE shall continue its quest towards ‘Atmanirbharta’ as a part of ‘AzadiKaAmritMahotsav’ initiatives by further enhancing its capabilities and adopting industry 4.0 practices.

The Shipyard is currently executing four indigenous shipbuilding projects including three Advanced Frigates under Project 17A, four Survey Vessels (Large) & eight Anti-Submarine Warfare Shallow Water Crafts for the Indian Navy and one Fast Patrol Vessel for the Indian Coast Guard. The shipyard is also executing two export projects.

As CSR initiatives, the company has undertaken donation of Medical Oxygen Generator Plants (MOGP) to Ramkrishna Mission SevaPratishthan (RMSP), Saroj Gupta Cancer Centre & Research Institute and Bharat SevaShramSangha Hospital, as well as setting up its COVID Vaccination Centre for providing relief to its employees and families.

PRESS RELEASE
GRSE kicks off another week long commemoration of [email protected]: Inaugurates 3rd Oxygen Generator Plant at a City Hospital

Kolkata, 31 Dec 21: Commemorating the ‘Azadi Ka Amrit Mahotsav’ week from 31 Dec 21 to 06 Jan 22, Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company of India, commenced [email protected] celebration week with inauguration of a Medical Oxygen Generator Plant (MOGP) under its CSR initiatives at Bharat Sevashram Sangha Hospital (BSSH), Joka. Kolkata today.

The oxygen plant at BSSH was inaugurated by Cmde PR Hari, IN (Retd.), Director (Personnel), GRSE in the presence of Swami Brahmatmananda Ji. Secretary, BSSH and Senior Officials of GRSE & BSSH. The newly installed 10-12 M3 / Hr capacity plant at the hospital aims to reduce dependency on local oxygen suppliers and thereby strengthening public health system in any emergency situation.

Earlier in the year, GRSE has aided in setting up two Medical Oxygen Generator Plants at Ramkrishna Mission Seva Pratisthan and Saroj Gupta Cancer Centre & Research, Thakurpur. Considering the surge in Omicron cases across the country, the distinctive CSR initiative by GRSE caters to fulfil the uninterrupted oxygen supply for the patients and enable hospitals to become self-sufficient in battling with the disease in a cost effective manner. With such initiatives, GRSE strives towards West Bengal’s development and building a better tomorrow for all in the state.

The week-long celebration will also witness five webinars on “Industry Collaboration with BNCCI”, “Supply Chain for Micro & Small Enterprises at GRSE “, “Combined Energy Management & Electrical Safety with NPC”, “Opportunities for MSMEs and Indigenization Requirements at GRSE with MSME DI”, “Vendor Development Drive (VDD) with NSIC” and a session on “Financial Freedom” for Employees.

PRESS RELEASE

GRSE Strengthens Safety at Workplace: Inauguration of Group Safety Training Kiosk for

Employees

 

Kolkata, 27 December 21: With an impetus on improving Safety culture at workplace ,Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a leading warship building Mini Ratna Category 1 Defence PSU of India, today inaugurated Group Safety Training Kiosk (GSTK) at its Main Unit.

The Safety Training Kiosk was inaugurated by Rear Admiral V.K. Saxena, IN (Retd.) Chairman & Managing Director GRSE in august presence of Cmde Sanjeev Nayyar, IN (Retd.), Director (Shipbuilding), Cmde PR Hari, IN (Retd.), Director (Personnel) and other senior officials of GRSE

The newly formed GSTK will work as a system-based safety training facility for workmen and minimize accident at workplace. With GSTK in place, the shipyard aims to provide optimum training to workers through audio-visual mode and keep track of the training data. The Kiosk will also help workers to visualize potential safety hazards and precautions thereof, in an effective manner. After successful completion of safety training, all workmen including contract workers will be provided with safety passes.

Inaugurating the Group Safety Training Kiosk for workmen, Rear Admiral V.K. Saxena, IN (Retd.) Chairman & Managing Director GRSE, said, “Improving the culture of safe work practices inside the shipyard is the need of the hour today and the GSTK will aid in inculcating the habit of safe and vigilant behavior amongst workforce and help in taking corrective actions related to safety at workplace.”

Earlier, adopting the latest technology with respect to safety and security of infrastructure, the Shipyard has already established an Artificial Intelligence (AI) enabled high end CCTV network across its five units in Kolkata.

PRESS RELEASE

GRSE Lays the Keel of 5th ANTI-SUBMARINE WARFARE SHALLOW WATER CRAFT

 

Kolkata, 21 Dec 21: Celebrating GoI’s flagship initiative of ‘Azadi Ka Amrit Mahotsav’ and continuing its marchto achieve self-reliancein Warship building, Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and leading warship building company of India laid the Keel of 5th of eight Anti-Submarine Warfare Shallow Water Crafts (ASWSWCs) today at GRSE Main Works Unit Kolkata. The design of these ships has been done completely in-house by GRSE.

The Chief Guest for the ceremony Shri V.L Kantha Rao, IAS, Additional Secretary & Director General (Acquisition), Ministry of Defence graced the occasion through virtual mode.Vice Admiral KiranDeshmukh, Controller of Warship Production & Acquisition and other senior officials from Naval Headquarters also participated in the virtual mode.Rear Admiral VK Saxena, IN(Retd.), Chairman & Managing Director, GRSE, Cmde Sanjeev Nayyar, IN(Retd), Director (Shipbuilding),GRSE, Cmde PR Hari, IN(Retd), Director (Personnel), GRSE, Shri RK Dash, Director (Finance), GRSE& other senior officials of Indian Navy& GRSE were present at Main Works Unit Kolkata.

The keel laying ceremony marks a centuries old tradition heralding the start of a ship’s construction at site. As per GRSE’s custom, the keel laying of 5th ASWSWC was done by Shri Shyamal Kumar Sikdar, a senior operative of GRSE.

The 5thAnti-Submarine Warfare Shallow Water Craft is a part of eight such warships being built by GRSE,the order for which was bagged through a competitive bidding process. The primary role of shallow water craft is to conduct Anti-submarine operations in coastal waters, Low intensity maritime operations and Mine laying operations. The Craft is designed for a Deep Displacement of 750 Tons, Complement of 57 and capable of full scale Sub Surface Surveillance of Coastal Waters, Search Attack Unit (SAU) and Coordinated ASW operations with Aircraft. These Vessels are propelled by Water Jets capable of reaching maximum speed of 25 Knots and are compact and loaded with anti-submarine weapons (LightWeight Torpedoes, ASW rockets and Combat Management System).

Speaking on the occasion, the Chief Guest Shri V.L Kantha Rao, Additional Secretary & Director General (Acquisition) highlighted that the Acquisition Wing of the Ministry of Defence has formulated several measures to speed up the procurement in the Armed Forces. The DG(Acquisition) complimented GRSE on its performance in shipbuilding and highlighted the tremendous shipbuilding opportunities in immediate future for Indian Shipbuilders.C&MD GRSE Rear Admiral VK Saxena, IN(Retd.), in his address, highlighted that GRSE has delivered 70 ships to the Indian Navy and 15 more are at various stages of construction by GRSE. The C&MD acknowledged the support of the Indian Navy and the Warship Overseeing Team at Kolkata towards the achievement of several milestones by GRSE. He complimented team GRSE for achieving today’s milestone within 15 days of launching the Survey Vessel Largeand that too at the same building berth.

Apart from building eight ASWSWCs for the Indian Navy, the Shipyard is currently executing indigenous shipbuilding projects which include three Advanced Frigates under Project 17A, four Survey Vessels (Large) & one Fast Patrol Vessel for the Indian Coast Guard. With its core emphasis on exports, the shipyard is also building ships for the Republic of Guyana and a government agency of Bangladesh.

 

PRESS RELEASE

GRSE Exhibits at Kolkata and Ranchi: Celebrating AKAM (13 – 19 Dec 21)

 

Kolkata, 13 Dec 2021: To commemorate [email protected] as part of Azadi Ka Amrit Mahotsav celebrations, Garden Reach Shipbuilders and Engineers Ltd. (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company of India commenced a seven day public exhibition showcasing its decades of legacy in shipbuilding, current and futuristic products at Science City Kolkata, Indian Maritime University Kolkata & Diesel Engine Plant, Ranchi GRSE from December 13-19, 2021. The exhibitions in all three locations were virtually inaugurated by the Hon’ble Raksha Mantri, Shri Rajnath Singh today. Cmde PR Hari IN (Retd), Director (Personnel), Shri RK Dash, Director (Finance), GRSE and Senior Officials of GRSE were present at the inauguration ceremony.

The inaugural day of [email protected] public exhibition also witnessed the participation from students of local schools and the general public at large to have a first-hand glimpse of GRSE’s shipbuilding operations, indigenous capabilities, and various classes of ships delivered to Indian Navy, Indian Coast Guard and friendly foreign countries. GRSE built Portable steel bridge models are also displayed at the exhibitions.

With the digital and physical displays, visitors can catch a glimpse of GRSE’s contributions to the nation’s self-reliance capabilities in shipbuilding and allied areas and its engagement with the people of Kolkata. These exhibitions are open to public from December 13-19, 2021 (10:30 AM to 5:30 PM), with no entry fee.

The Shipyard is currently executing four indigenous shipbuilding projects including three Advanced Frigates under Project 17A, four Survey Vessels (Large) & eight Anti-Submarine Warfare Shallow Water Crafts for the Indian Navy and one Fast Patrol Vessel for the Indian Coast Guard. With focus on exports, the shipyard is building ships for export to Republic of Guyana and a government agency of Bangladesh.

PRESS RELEASE

‘FIRST OF CLASS’ INDIGENOUS SURVEY VESSEL (LARGE) FOR INDIAN

NAVY LAUNCHED BY GRSE

 

Kolkata, 05 Dec 2021: Garden Reach Shipbuilders and Engineers Ltd. (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company of India achieved another milestone today with the launch of the first Survey Vessel, in the series of four ships under the Survey Vessel (Large) project for the Indian Navy. Upholding the maritime traditions, the ship was named “Sandhayak” and “Launched” by Smt Pushpa Bhatt, wife of Shri Ajay Bhatt, Hon’ble Raksha Rajya Mantri, who graced the occasion as the Chief Guest. Vice Admiral Biswajit Dasgupta, Flag Officer Commanding-in-Chief, Eastern Naval Command, Vice Admiral Kiran Deshmukh, Controller of Warship Production & Acquisition, Vice Admiral Adhir Arora, Chief Hydrographer to the Govt of India, Rear Admiral Vipin Kumar Saxena (IN, Retd), Chairman & Managing Director, GRSE, Cmde Sanjeev Nayyar, IN(Retd), Director (Shipbuilding), GRSE, Cmde PR Hari, IN(Retd), Director (Personnel), GRSE, Shri RK Dash, Director (Finance), GRSE, other Senior Officials of GRSE, Indian Armed Forces and Industry were present at the occasion.

The ceremony was conducted in true maritime traditions with the application of vermillion, breaking of coconut on the ship’s bow and chanting of vedic mantras. The ‘Launch’ symbolizes the “birth” of the ship as she makes her first contact with water and is floated out for from her building berth. For the first time, this special ceremony was also witnessed by more than 100 students from various city schools, NCC cadets and other citizens of Kolkata including revered monks from Ramakrishna Seva Pratishthan, Kolkata. This initiative under the aegis of ‘Azaadi ka Amrit Mahotsav’ activities, provided the citizens of Kolkata a glimpse of the ‘Warship’ building activity happening in their city!

These survey ships are capable of full scale coastal & deep-water hydrographic survey of Ports & Harbor approaches & determination of navigational channels & routes. In addition, these ships are also capable of undertaking survey of Maritime limits and collection of Oceanographic & Geographical data for Defence applications, thus boost the maritime capabilities of the country. These ships are propelled by two Marine Diesel Engines combined with Fixed Pitch Propellers and fitted with Bow & Stern Thrusters for maneuvering at low speeds during surveys. The ships are fully designed by the Design team of GRSE to meet the requirements of the Indian Navy and are being built & outfitted utilising the concepts of ‘Integrated Construction’ and in compliance with applicable provisions and regulations of the Classification Society (IRS).

On this momentous occasion, Shri Ajay Bhatt, Hon’ble Raksha Rajya Mantri (Minister of State for Defence), appreciated GRSE’s efforts and said, “Launch of first Survey Vessel (Large) ‘Sandhayak’ today reinforces our commitment for indigenous shipbuilding as part of our Prime Minister’s vision of ‘Make in India’, and thrust to the vision of ‘Atmanirbhar Bharat’ (Self-reliant India). The vessel will have over 80% indigenous content by cost and this will also ensure that large scale defence production is executed by Indian manufacturing units, thereby generating employment and expertise within our country. It’s a matter of great significance that GRSE had achieved a historic milestone, when the 100th warship was delivered by the shipyard. I am confident that the shipyard will scale greater heights in years to come and realise its vision of becoming a world leader in warship building”.

Highlighting the achievement of another key milestone for the Shipyard, Rear Admiral V.K.Saxena, IN (Retd.), Chairman & Managing Director said, “The Survey Vessel (Large) is one of our proud creations for the Indian Navy and coincidentally the previous ‘Sandhayak’ class of Hydrographic Survey Ships were also built by GRSE. The first ship of that class “Sandhayak” got decommissioned in Jun 2021 after 40 years of glorious service to the nation and her name lives on in true traditions of the Indian Navy. The present survey ships are equipped with new generation hydrographic equipment and is testimony to the maturity of our indigenous construction capability towards realization of ‘Atma-Nirbharta’ (Self-reliance). The achievement of this major milestone despite challenges posed by the ongoing pandemic, stands testimony to the commitment and capability of the GRSE.”

GRSE has delivered 788 platforms which include 107 warships, of which 70 were for the Indian Navy, 35 for the Indian Coast Guard, 01 for the Government of Mauritius and 01 for Seychelles Coast Guard which is the highest number of warships built & delivered by any shipyard in the country. The Shipyard is currently executing four indigenous shipbuilding projects including three Advanced Frigates under Project 17A, four Survey Vessels (Large) & eight Anti-Submarine Warfare Shallow Water Crafts for the Indian Navy and one Fast Patrol Vessel for the Indian Coast Guard. With emphasis on exports and realigned marketing strategies, the shipyard is building ships for export to Republic of Guyana and a government agency of Bangladesh.

 

PRESS RELEASE

Inauguration of GRSE-KPDD Unit

 

Kolkata, 01 Dec 21: As a part of Concession Agreement signed between Garden Reach Shipbuilders and Engineers Ltd. (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company of India and Syama Prasad Mookerjee Port, Kolkata (SMP Kolkata) on 7th October, 2021 in presence of Shri Sarbananda Sonowal, Hon’ble Union Minister of Ports, Shipping and Waterways, Govt of India and towards development & utilisation of three existing dry docks of Khidderpore, Kolkata, GRSE and SMP Kolkata today jointly inaugurated the GRSE-KPDD (Khidderpore Dry Dock) Unit in Kolkata.

The facility was inaugurated in the august presence of Rear Admiral VK Saxena, IN (Retd.), Chairman & Managing Director, GRSE and Shri Vinit Kumar, IRSEE, Chairman, SMPK and senior officials of GRSE & SMPK.

Under the agreement, both GRSE & SMP, Kolkata shall look forward towards developing a dynamic partnership in exploring new business opportunities in Ship repair & refit of Defence & commercial segments, leading to revenue generation and contributing to skill development, infrastructure upgrade and employment generation in Kolkata.

On the occasion Rear Admiral VK Saxena, Chairman and Managing Director, GRSEsaid, “As part of the investment promotional activity of maritime India, this agreement aims to play a significant role towards growth plans for both the organisations and effective utilisation of the three existing docks at SMP, Kolkata. The close proximity of GRSE with SMPK is an enhancer to the successful take off of this project as approximately 400 vessels operate in the Hooghly river and on the Indo-Bangladesh shipping route. Also, authorities handling smaller vessels may prefer to have dry docks in close proximity of their operational area. GRSE’s proven expertise in carrying out construction, conversion and repair of over 4000 Naval & Merchant vessels during Second World War and building 788 platforms including 107 warships till date are the testimonies to the success of this new collaboration. ”

Highlighting the importance of newly formed GRSE-KPDD Unit, Shri Vinit Kumar, Chairman, SMPKsaid, “This collaboration between GRSE and SMPK aims to provide prospects for ship repair business in the eastern region considering large number of inland vessels operating in this shipping route. This alliance also shapes new dimension towards revenue generation, development and perennial relationship with SMPK and GRSE’s expertise in shipbuilding and design arena gives it an edge over other players in the industry. In this connection,

Shri Vinit Kumar, Chairman, SMP Kolkata further stated that at Netaji Subhas Dock (NSD) of KDS, SMPK, Cochin Kolkata Ship Repair Unit (CKSRU), a unit of Cochin Shipyard Limited (CSL) is already maintaining Dry Docks facilities operational since 2019 in a befitting manner.

For proper and efficient functions, Ship repair ecosystem is now revived jn a proper way at Syama Prasad Mookerjee Port, Kolkata, told Shri Kumar, Chairman, SMP, Kolkata.

The project envisages upgrading, operating and managing the infrastructural facilities at these docks towards their effective utilization.

 

PRESS RELEASE

GRSE Lays Keel of Ocean Going Vessel for Republic of Guyana

 

Kolkata, 20 Nov 21: Marching towards fulfilling the vision of becoming a global shipbuilder, Garden Reach Shipbuilders and Engineers Ltd. (GRSE), a Mini Ratna Category 1 Defence PSU and leading warship building company of India, achieved another milestone today by laying the Keel of the ‘Ocean-Going Passenger cum Cargo Vessel’ at Kolkata, a prestigious project under execution for the Co-operative Republic of Guyana.

The Keel laying ceremony of the Ocean-Going Vessel was conducted in the august presence of Captain Stephen Thomas, Director General, Maritime Administration Department, Mrs. Ronalda Edwards-Horatio, Charge’ D’ Affaires, A.I., Guyana High Commission, India, Rear Admiral VK Saxena, IN(Retd.), Chairman & Managing Director, GRSE, Directors of GRSE and other Senior Officials of GRSE and Transport & Harbour Department, Guyana.

The 70 m long vessel with a displacement of 1700 Tonnes is propelled by two diesel Engines and Twin Disc Gear Boxes to achieve a maximum speed of 15 Knots. The ship has been fully designed by the GRSE design teams and can accommodate 294 passengers (including 14 crew members) along with 14 cars, 02 trucks, and 14 containers & cargo and is planned to operate in the coastal and riverine area of Northwest District of Guyana.

Speaking on the occasion, Chief Guest Captain Stephen Thomas, Director General, Maritime Administration Department, expressed satisfaction over the progress of the project and said, “This project is a distinct enterprise for the Government of Guyana designed to provide smart transportation of passengers and cargo. Catering to the needs of our people, the vessel will prove to be an efficient mode of transport for the passengers and cargo movement in Guyana. This cooperation with India’s leading shipbuilder GRSE, highlights our stable and long-term relationship with India.”

Highlighting the importance of achieving this major ‘Keel laying’ milestone amidst these challenging times, Rear Admiral VK Saxena, IN (Retd), Chairman & MD, GRSE stated, “The Ocean-going Passenger cum Cargo Ferry Vessel project provided GRSE with an opportunity to leverage our expertise in design and ship construction and showcase our shipbuilding prowess in the global arena. The success of this project stands dedicated to the untiring efforts of Team GRSE and synergy among all stakeholders despite of the ongoing pandemic. This vessel aims to create a new benchmark in the field of passenger and cargo movement in Guyana. This project is a harbinger for more cooperation between our friendly nations in the maritime domain in near future. GRSE is proud to contribute towards friendly bilateral relations between the two nations.”

Earlier this year, GRSE and Transport and Harbours Department (T&HD), Government of Guyana signed the contract for the construction of the Ocean-Going Vessel. The Shipyard bagged this prestigious contract through competitive bidding. The design has been accomplished by the in-house design team of GRSE and incorporates enhanced safety and operational features. With its emphasis on export and realigning marketing strategies to match the dynamic global environment, the shipyard is building six patrol crafts for Bangladesh apart from this ship for Republic of Guyana. In pursuit of indigenization and Self-reliance in Shipbuilding, GRSE is currently executing six shipbuilding projects including three Advanced Frigates under Project 17A, four Survey Vessels (Large) & eight Anti-Submarine Warfare Shallow Water Crafts for the Indian Navy and one Fast Patrol Vessel for the Indian Coast Guard.

PRESS RELEASE

GRSE Inaugurates two Medical Oxygen Generator Plants: Extends Community

Support to City Hospitals

 

Kolkata, 19 Nov 21: Two Medical Oxygen Generator Plants (MOGP) under its CSR initiatives were inaugurated by Garden Reach Shipbuilders and Engineers Ltd., (GRSE), – a Mini Ratna Category 1 Defence PSU and the leading warship building company of India at Ramkrishna Mission Seva Pratisthan (RMSP) and Saroj Gupta Cancer Centre and Research Institute (SGCCRI) in Kolkata, today.

The 26 NM3 Capacity oxygen plant at RMSP was inaugurated by Rear Admiral V.K. Saxena, IN (Retd,), CMD, GRSE in presence of Swami Nityakamananda Ji, Secretary Ramikrishna Mission Seva Pratisthan (RMSP), Cmde PR Hari, IN (Retd), Director (Personnel), GRSE, and Senior Officials of GRSE and RMSP.

Considering the possibility of a coronavirus third wave, the newly established MOGPs aim to address oxygen crisis, if any, for COVID-19 patients in the city. Firmly committed to the cause of humanity amidst the Covid-19 spread, and in continuing its fight against the pandemic, the initiative by GRSE is expected to play a pivotal role in making these hospitals self-reliant while battling the deadly virus. The MOGP at RMSP helps in avoiding dependency on scarcity of oxygen cylinders by enabling the hospital generate on site medical oxygen in a cost effective manner.

Highlighting the importance of CSR initiative taken by the company Rear Admiral V.K. Saxena, IN (Retd), CMD, GRSE said, “GRSE has long been deeply engaged in social and sustainable development projects in and around the Shipyard as well as across Kolkata. Oxygen is a very important clinical gas in the treatment of Covid-19. These plants will not only fulfil the oxygen supply for the hospitals but also put in place the required infrastructure thus better preparing them for a probable third wave”.

Notably, earlier this year, GRSE signed MoUs with Ramkrishna Mission Seva Pratisthan, Saroj Gupta Cancer Centre and Research Institute, Thakurpur and Bharat Sevashram Sangha Hospital, Joka, to set up medical oxygen generator plants under its CSR initiatives. For years now, GRSE is purposefully instrumental in West Bengal’s development saga and has been contributing towards building a better tomorrow for the state.

PRESS RELEASE

 

Performance Review Q2 & H1FY22

 

 

Kolkata, 13th Nov 2021: Garden Reach Shipbuilders & Engineers Limited (GRSE), one of the leading warship builders in the country have announced its financial results for the second quarter and half year ended September 30th, 2021.

 

Highlights for Q1 FY 22

(i) Q2 FY 22 In comparison to Q1 FY 22

· Revenue from operation increased by 39%

· PAT increased by 1.85 times

· Operating profit increased by Rs 51 Crs.

(ii) Q2 FY 22 In comparison to Q2 FY 21

· Revenue from operation increased by 55%

· PAT increased by 56%

· Operating profit increased by 67%.

(iii) H1 FY 22 In comparison to H1 FY 21

· Revenue from operation increased by 90%

· PAT increased by 110%

· Operating profit increased by 3 times

Q2FY22 Compared with Q1FY21:

 

  • Revenue from operation is Rs. 421.83 crore in Q2 FY22 as against Rs. 304.19 crore per day of Q1 FY22 increased by Rs 117.64 Crs. Improved by 39%
  • The Company’s EBITDA stood at Rs 91.13 Crs. as against Rs. 34.12 Crs. of previous quarter increased by Rs 56.99 Crs. Improved by 1.67 times
  • Profit Before Tax (PBT) stood at Rs. 81.64 crore for Q2FY22, as against Rs. 26.45 Crs. in Q1 FY22 increased by Rs 55.20 Crs. Improved by 2.09 Times.
  • Profit After Tax (PAT) stood at Rs. 58.79 crore for Q2FY22. as against Rs. 20.59 Crs. in Q1FY22 increased by Rs 38.20 Crs. Improved by 1.85 times
  • Operating Profit is Rs 45.44 Crs. In Q2FY22 in comparison to Rs. (5.69) Crs. In Q1FY22 i.e increases by Rs. 51.13 Crs over last year of Q2 FY 21
  • Earnings per share (EPS) for the quarter ended Q2FY22 stood at Rs. 5.13 as compared to Rs 1.80 in Q1FY22

Q2FY22 Compared with Q2FY21:

 

  • Revenue from operation is Rs. 421.83 crore in Q2 FY22 as against Rs. 272.44 crore per day of Q2 FY21 increased by Rs 149.39Crs. Improved by 55%
  • The Company’s EBITDA stood at Rs 91.13 Crs. as against Rs. 59.99 Crs. of previous year increased by Rs 31.14 Crs. Improved by 52%
  • Profit Before Tax (PBT) stood at Rs. 81.64 crore for Q2FY22, as against Rs. 53.84 Crs. in FY21 increased by Rs 27.80 Crs. Improved by 56%
  • Profit After Tax (PAT) stood at Rs. 58.79 crore for Q2FY22. as against Rs. 37.70 Crs. in FY21 increased by Rs 16.85 Crs. Improved by 56%
  • Operating Profit up by Rs. 18.20 Crs over in last year of Q2 FY 21 (Rs 45.44 Crs. In Q2FY22 and Rs Rs.27.23 Crs. In Q2FY21), consequent improvement by 67%.
  • Earnings per share (EPS) for the quarter ended Q2FY22 stood at Rs. 5.13 as compared to Rs 3.29 in Q2FY21

H1FY22 Compared with H1FY21:

 

  • The Total Income stood at Rs. 802 crore in H1FY22 as against Rs. 480 crore in H1FY21 increase of Rs. 322 Crs. Improved by 67%
  • Revenues from operations for the six months ended September 30th, 2021 stood at Rs. 726.02 crore as compared to Rs. 382.39 crore in H1FY21 Improved by 90%
  • The Earnings before Interest, Tax, Depreciation and Amortization (Core EBITDA) stands Rs. 125.27 crore in H1FY22, as against Rs 69.53 crore in H1FY21. Improved by 80% . & The Company’s EBITDA margin stood at 15.57 %
  • Profit Before Tax (PBT) stood at Rs. 108.10 crore for H1FY22 as compared to Rs 55.61 crore in H1FY21. Improved by 94% & The Company’s PBT margin stood at 13.44%
  • Profit After Tax (PAT) reported stood Rs. 79.38 crore in H1FY22 as against Rs. 37.85 crore in H1FY21. Improved by 110% & The Company’s PAT margin stood at 9.87%
  • Earnings per share (EPS) for the half year ended H1FY22 stood at Rs. 6.93 as compared to Rs 3.30 in H1FY 21
  • Value added per Employee for the half year ended H1FY22 stood is Rs .8.32 Lakhs as compared to Rs. 6.11 Lakgs In H1FY21

Commenting on the results, Rear Admiral (Retd) V.K. Saxena, Chairman and Managing Director, Garden Reach Shipbuilders & Engineers Limited said, “Based on the experience gained in handling of 1st wave of COVID-19, the company successfully handled impediments faced during the second wave by adopting various strategies to achieve operational success. As a result, the shipyard could successfully continue concurrent construction of 17 ships in different stages and laid keel of 6th Fast Patrol Vessel (FPV) on 15 July 21, keel of 3rd Survey Vessel (LARGE) & 1st Anti-Submarine Warfare Shallow Water Craft (ASW-SWC) on 06 Aug 21 and also could sign MoU with Naval Group (NG), France to collaborate in the field of state-of-the art surface shipbuilding. The company has strong order book position of Rs. 25071 Crs. as on 30th Sept 21.”

PRESS RELEASE

GRSE Observes National Unity Day : Road towards [email protected] celebrations

 

Kolkata, 01 Nov 21: Reaffirming its commitment towards self-reliant India and celebration of [email protected], Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company of India, organised a variety of events at its units from 24-31 Oct 21 to commemorate Rashtriya Ekta Diwas (National Unity Day).

Celebrating the 146th birth anniversary of Sardar Vallabhbhai Patel as ‘Rashtriya Ekta Diwas’, GRSE’s reinforced its commitment to strengthen the security, unity and integrity of the nation. The week started with online ‘Unity Pledge’ taking ceremony. During the week, a host of events such as ‘Unity Walkathon’ involving GRSE employees, Essay, Slogan Writing competitions for students and march-past by security personnel were organised. GRSE personnel led by the Senior management participated in these events with great enthusiasm. Banners and posters carrying the message of national integrity and unity were prominently displayed at GRSE’s units during the week-long celebration.

GRSE also supports holistic development of underprivileged children of Gadadhar Abhyudaya Prakalpa (GAP) units and conducted activities under the aegis of ‘Rashtriya Ekta Diwas’ at units of Naora, 24 Parganas (South), Ajgara, 24 Parganas (North) & Boyemari, Sandeshkhali.

PRESS RELEASE

GRSE Commemorates [email protected] Phase-III Celebration: Towards Indigenization &

Self-reliance

 

Kolkata, 09 Oct 21: Garden Reach Shipbuilders and Engineers Ltd. (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company of India, commemorates the Phase-III celebration of [email protected] from 08 Oct 21 to 11 Oct 21.

The various events included webinars on “Smart Shipyard – Digital Fabrication – Precursor to Industry 4.0”, “Indigenisation with MSME DI”, “Supply Chain Management with emphasis on ship-building Industry” and “Special Vendor Development Program for MSME SC/ST Vendor in association with NSIC” to achieve overall Indigenization and Self-reliance in shipbuilding and create awareness of latest sectoral development amongst MSME vendors and stakeholders,

The four key webinars aim to bring out the theme of [email protected] initiative of Govt. of India and highlight GRSE’s Indigenization Effort towards Atma Nirbhar Bharat, Vendor Development and Supply Chain Management for shipbuilding & engineering items.

The first phase of [email protected] celebration was successfully organized by GRSE from 23 Apr 21 to 28 Apr 21 followed by second phase from 16 Jul 21 to 22 Jul 21.

 

PRESS RELEASE

105th Annual General Meeting of GRSE

Kolkata, 10 Sep 2021: The 105thAnnual General Meeting (AGM) of Garden Reach Shipbuilders & Engineers Limited (GRSE) was held on Friday 10 Sep 21through VC/OAVM. The Meeting was attended by Rear Admiral VK Saxena, IN (Retd), Chairman & Managing Director, GRSE, Cmde Sanjeev Nayyar, IN(Retd.), Director(Shipbuilding), Cmde PR Hari, IN(Retd.), Director(Personnel), Shri R K Dash, Director(Finance) and Shri Sandeep Mahapatra, Company Secretary along with shareholders of the Company.

The performance of GRSE, continued to be strong during the year 2020 – 21:

  • Revenue from operation per day is Rs.4.02 Crs (for the available No. of days) in FY 21 as against Rs. 3.92 Crs per day of FY 20
  • Revenues from operations for the full year ended March 31st, 2021 stood at Rs.1141 crore
  • The Company’s EBITDA margin stood at 18% as against 15% of previous year.
  • Profit Before Tax (PBT) stood at Rs. 207 crore for FY21, PBT margin of the Company has increased to 16% as against 13% of FY 20.
  • Profit After Tax (PAT) stood at Rs.153 crore for FY21.The PAT margin of the Company is increased to 12% as against 10% of FY 20.
  • Earnings per share (EPS) for the year ended FY21 stood at Rs. 13.40

 

The Board of Directors of the Company recommended a final dividend of Rs. 1.15/- per equity share of face value of Rs.10/- each for the financial year 2020-21. This is in addition to the interim dividend of Rs.3.85/- per equity share of face value of Rs. 10/- each which was paid on 24 Feb 2021. The total Dividend declared for the Financial Year 2020-21 is Rs. 5/- per equity share of face value of Rs.10/- each. During the Reported Period, the company delivered 02 Warships, 01for the Indian Navy and 01 for Seychelles Coast Guard.  This makes total warship delivered as 107 till end of 31st March 2021.

With its emphasis on export and realigning marketing strategies to match with the dynamic global environment, GRSE has pioneered its core objective of defence preparedness and continued its thrust on exports under the vision “Security And Growth for All in the Region (SAGAR)” adopted by Government of India and achieved the distinction of inducting90% indigenous contents onboard warships for Indian Navy such as Anti-Submarine Warfare Corvettes, Landing Craft Utilities under Make in India initiative.Despite the challenges posed by the 1st& 2nd wave of covid-19, GRSElaunched the 1st Ship of the Prestigious P17A Advanced Frigate “Himgiri” way ahead of its schedule and delivered one warship to Indian Coast Guard just two days after the first phase of lockdown restrictions were over.

The Shipyard is currently executing six shipbuilding projects including three Advanced Frigates under Project 17A, four Survey Vessels (Large) & eight Anti-Submarine Warfare Shallow Water Crafts for the Indian Navy and one Fast Patrol Vessel for the Indian Coast Guard, apart from the export ships for Republic of Guyana and Government of Bangladesh.

Modernization of infrastructure has enhanced the capacity across Shipyard’s three ship building locations with the construction of 20 ships concurrently. Commissioning of the 250 Ton Goliath Crane was another milestone achieved and a first of its kind. Apart from shipbuilding & ship repair, GRSE has diversified into Engineering Business with a product profile of Pre-fabricated Steel Bridges, various Deck Machinery Items such as Anchor Capstans, Boat Davits, Pumps etc & Assembly/ Testing/ Overhauling of MTU Diesel Engines.

 

Addressing the shareholders, Rear Admiral V K Saxena, IN (Retd.), Chairman & Managing Director, stated that GRSE has a strong order book which stands approximately at Rs. 25,707crores as on 31Mar 21 having 17 warships across 6 projects under execution currently. GRSE has been consistent in paying dividend to the Shareholders and has done so every year for the last 27 yearsHe expressed his confidence in Team GRSE to emerge strong amidst the uncertainties created by the global pandemicand  appreciated the hard work and dedication of all the employees in taking the Company on its path of success & thanked the investors for their faith, commitment & confidence in the Shipyard. The unstinted support from the Ministry of Defence, Indian Navy, Indian Coast Guard, Central and State Government Authorities has helped GRSE achieve its goals, he said.

To maintain its competitive edge in digitization, the company is shifting to smart manufacturing (Industry 4.0), through thrust on innovations in automation, robotics and the industrial internet of things. It is also introducing Artificial Intelligence, Machine Learning, Interoperability and secured connectivity enabling real time monitoring. This control and optimization of processes, resources and systems is expected to help in workload consolidation across Design, Production & Supply Chain Management, significantly in the current & future projects of the company.

PRESS RELEASE

 

GRSE and Naval Group of France Strengthen Cooperation in field of Surface Ships

 

Kolkata, 09 Sep 21: In a revolutionary step towards transition from ‘Make in India’ to ‘Makefrom India’, Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1Defence PSU and a leading warship building company of India, today signed a Memorandumof Understanding (MoU) with Naval Group France, a leader in European Naval Defence Industryto collaborate in the field of surface ship that caters to fulfil the requirement of India andInternational Naval forces.

 

The MOU was signed by Cmde. PR Hari, IN (Retd), Director (Personnel) GRSE .Under theMoU, the two entities will collaborate and engage to offer high-end surface ships based on seaproven Gowind® design developed for export market. Having built over 100 warships for Indianand foreign naval forces, GRSE will work closely with French & Indian industries.

The MoU also seeks to leverage the capabilities of both firms for meeting the growingrequirements of the shipbuilding industry and offer a robust world class product utilising theState-of-the-art capabilities of both the organisations. This blend of modern technology,innovation and management of resources by Indian and French naval industrial leaders will bea real value proposition for international navies.

 

Highlighting the importance of collaboration Rear Admiral V K Saxena (IN Retd.), CMD, GRSEsaid, “Our association with Naval Group of France aims to set a new bench mark in capitalizingexport market in the Indo Pacific region. The partnership will set a new ground for surface shipbuilding using design and technology assistance from Naval Group. This will not only bringmutual benefit for both the nations but also enable GRSE to deliver surface ships to FriendlyForeign Countries in line with our Hon’ble Prime Minister’s vision of ‘SAGAR’”.

 

On the occasion of MoU signing, Shri Alain Guillou, SEVP, International Development, Naval Group congratulated the team and said, “This extension of cooperation with GRSE, withwhom we had worked for the propulsion system of Kamorta Class ASW Corvettes clearlyhighlights our long-term investment in India and emphasises the potential of strategic relationsbetween France & India in the Indo-Pacific region”.

PRESS RELEASE

 

GRSE LAUNCHES AI BASED HR CHATBOT ‘AskANVESHA’:

PROVIDES DIGITAL ACCESS FOR EMPLOYEES

Kolkata, 30 Aug 21:Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company of India todaylaunched an AI based Chatbot ‘AskANVESHA’ to give employees digital access to their personal documents, which can be synced with user’s smartphone with the click of a button. A first of its kindHR Chatbot by any DPSU, was virtually launched by Rear Admiral VK Saxena, IN (Retd), Chairman & Managing Director, GRSE, in the presence ofCmde. SanjeevNayyar, IN (Retd), Director (Shipbuilding), Cmde. PR Hari, IN (Retd),Director (Personnel), Shri. R K Dash, Director (Finance), Shri Ankush Sabharwal, CEO, CoRover Pvt. Ltd. and other senior officials and employees ofGRSE.

 The cloud-based Chatbot has been developed using CoRover conversational AI platform where employees can ask queries on various HR policies, view employee details and download personal documents.The Chatbot will enable employees to access individual data like payslip, PF statement, Form-16 etc. ‘AskAnvesha’ can also be utilised for self-learning, registering grievances, put forth suggestionsand it also provides access tolatest circulars, happenings and achievements of the company. Using employee ID, one can log in with One Time Password (OTP) sent to the registered mobile number and can get the desired documents. For a smoother and quicker access to its services, ‘AskAnvesha’ is made available on multiple channels including web and mobile application and can be accessed through smartphones, tablets and desktops anytime, anywhere.

Launching the AI enabled HR Chatbot, Rear Admiral VK Saxena, IN (Retd), Chairman & Managing Director, GRSE said, “With the launch of AI based CCTV surveillance at GRSE andcommencement of HR Chatbot ‘Ask ANVESHA’, the Shipyard is on the path of digital transformationand GRSE is fully committed to the Government of India’s flagship initiative of Digital India.”

GRSE’s recent digital India initiative seeks to realize the goal of inclusive development by adoptingnew tools of technology.To maintain its competitive edge in digitization, the company is shifting to smart manufacturing (Industry 4.0), through thrust on innovations in automation, robotics and the industrial internet of things. It is also introducing Artificial Intelligence, Machine Learning, Interoperability and secured connectivity enabling real time monitoring. This control and optimization of processes, resources and systems is expected to help in workload consolidation across Design, Production & Supply Chain Management, significantly in the current & future projects of the company. The Shipyard is currently executing six shipbuilding projects including three Advanced Frigates under Project 17A, four Survey Vessels (Large) & eight Anti-Submarine Warfare Shallow Water Crafts for the Indian Navy and one Fast Patrol Vessel for the Indian Coast Guard, apart from the export ships for Republic of Guyana and Government of Bangladesh.

PRESS RELEASE

 

GRSE OBSERVES INDEPENDENCE DAY

 

Kolkata, 16 Aug 21:Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company of India observed the 75thIndependence Day with patriotic fervor and enthusiasm on 15 August 2021.Rear Admiral VK Saxena, IN (Retd), Chairman & Managing Director, GRSE,hoisted the National Flag in the presence ofCmde. SanjeevNayyar, IN (Retd), Director (Shipbuilding), Cmde. PR Hari, IN (Retd),Director (Personnel), Shri. R K Dash, Director (Finance), Comdt Shashi Ranjan, CISF and other senior officials and employees ofGRSE.The celebration was held following appropriate covid protocols and activities included ‘Security and Yoga Demonstration’ by CISF personnel.

Commemorating the occasion,Rear Admiral VK Saxena, IN (Retd), Chairman & Managing Director, GRSEin his address, extended his greetings to the entire GRSE family and applauded the efforts of all officers, workers and CISF personnel for working together tosee the company navigate through difficult times during the pandemic. He urged everyone to remember the sacrifices of our freedom fighters and distinguished leaders of the nation in achieving freedom. He also expressed his gratitude to the corona warriors who have worked tirelessly to serve the country during ongoing pandemic and alsocongratulated GRSE’s Covid Response team for their untiring support to employees and their families.

Stressing on Shipyard’s steady performance amidst pandemic, he highlighted that the Shipyard has successfully achieved production milestone on ships under construction at GRSE including the launch of first Advanced Frigate P17A Himgiri and export of SCG PS Zoroaster to Republic of Seychelles. He also stated that the  shipyard also commissioned the 250 Ton Goliath Crane, a major contributor towards undertaking integrated shipbuilding, using advanced modular construction technology to boost production.CMDmentioned that as part of export initiatives, the company has made inroads into Bangladesh with an order for supply of 06 Patrol Boats to Bangladesh. CMD acknowledged employee’s participation in ‘[email protected] Azadi Ka Amrit Mahotsav’ and encouraged personnel to participate in large numbers for recitation of Rashtragaan.GRSE’s performance has beenacknowledged by the industry and the Shipyard has bagged awards in CSR Commitment, Digital PSU, Research & Innovation and Communication Outreach.CMD also reiterated that going forward, the shipyard would have to leap frog and adopt new business strategies for “Reform” & “Transform” to accelerate growth of GRSE.

The Shipyard is currently executing five shipbuilding projects includingthreeAdvanced Frigates under Project 17A, four Survey Vessels (Large) & eight Anti-Submarine Warfare Shallow Water Crafts for the Indian Navy and one Fast Patrol Vessel for the Indian Coast Guard, apart from the export ship under construction for Republic of Guyana.

PRESS RELEASE

CIN NO.-L35111WB1934GOI007891

 

Performance Review

 

Garden Reach Shipbuilders & Engineers Ltd Q1 FY22

 

Kolkata, 13th August 2021: Garden Reach Shipbuilders & Engineers Limited (GRSE), one of the leading warship builders in the country have announced its financial results for the first quarter ended June 30th, 2021.

 

Highlights for Q1 FY 22

·       Revenue From Operation : Rs.304 crores

·       EBITDA Margin10% in Q1 FY22

·       PBT margin 7.68%.

·       PAT margin 5.98 %

Q1FY22 Compared with Q1FY21:

 

  • Revenue from operation is Rs.304 crore in Q1FY 22 against Rs.110 crore of Q1 FY 21,higher by 176%
  • Total Income is Rs.344 crore in Q1 FY 22 as against Rs.160 crore of Q1 FY 21,higher by 115%
  • EBITDA Margin increased to 10% in Q1 FY22 as against 6% in Q1 FY21
  • Profit Before Tax (PBT) stood at Rs. 26.45 crore inQ1 FY22 as against Rs.1.76crore in Q1 FY 21 registering an increase by 15 times.
  • Profit After Tax (PAT) stood at Rs.21 crore for Q1 FY22 as against 0.15 crore in Q1 FY 21.The PAT margin of the Company stood at 5.98 %.
  • Earnings per share (EPS) for the quarter ended Q1 FY22 stood at Rs. 1.80 as against Rs.0.01 In Q1 FY 21

The learnings from the first wave of the Covid Pandemic was successfully transformed by the Company into operational strategies to mitigate the impact of the second wavein Q1 FY 22. Overcoming the challenges posed by the ongoing pandemic, the shipyard is undertaking production of 12 ships concurrently across 05 projects. The shipyard also commissioned the 250 Ton Goliath Crane, a major contributor towards undertaking integrated shipbuilding, using advanced modular construction technology to boost production. Taking the export initiative forward, the Shipyard signed an order for supply of 06 Patrol Boats with the Fisheries Department of Bangladeshon 03 Jul 21, under the Sustainable Coastal & Marine Fisheries Project, an order won on competitive bidding with global players.

PRESS RELEASE

GRSE SIGNS MOU WITH RAMAKRISHNA MISSION SEVA PRATISTHAN,

FOR INSTALLATION OF OXYGEN PLANT

Kolkata, 10 Aug 21: Augmenting its contribution to society amidst the Covid-19, Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company of India, signed an MoU for installation of Medical Oxygen Plant under its CSR Initiatives at Ramakrishna Mission Seva Pratisthan (RMSP).

The 26 NM3 capacity oxygen plant will be installed at the hospital premise of RMSP. Recently, GRSE set up a dedicated Covid Vaccination Centre at its Main Unit where over 1500 permanent and contractual employees of GRSE, along with 112 family members have been successfully vaccinated. The company also signed MoUs with two medical institutions in Kolkata, the Saroj Gupta Cancer Centre & Research Institute, Thakurpukur and Bharat Sevashram Sangha Hospital, Joka, to set up two Medical Oxygen Plants and donated 02 Ambulances to Ramakrishna Mission, Belur Math.

GRSE stands in solidarity with the people of India in battling the second wave of Covid-19 and as a responsible corporate entity is committed in taking up different developmental projects as a part of its CSR initiative towards improving the quality of lives of people thereby making a meaningful difference.

PRESS RELEASE

GRSE Commences Production of

Ocean Going Passenger cum Cargo Ferry for Guyana

Kolkata, 07 Aug 21: Garden Reach Shipbuilders and Engineers Ltd., (GRSE), Kolkata, achieved another major milestone today, when they started production of the Ocean Going Passenger cum Cargo Ferry Vessel being constructed for the Republic of Guyana. The Plate Cutting e-ceremony was held in the august presence of His Excellency, Shri Charrandass Persaud, Hon’ble High Commissioner of Govt. of Co-Operative Republic of Guyana. Rear Admiral VK Saxena, IN (Retd), Chairman & Managing Director, GRSE, Cmde S Nayyar, IN (Retd.), Director (Shipbuilding), Cmde PR Hari, IN (Retd.), Director (Personnel), Shri R K Dash, Director (Finance) and senior officials of GRSE were present at the occasion.

GRSE bagged the order for this vessel on competitive bidding, and the Contract was signed with the Transport and Harbours Department of Govt. of Guyana, on 13 Jan 2021. Plate cutting signifies successful completion of pre-production activities and the same has been achieved amidst the Covid pandemic with its share of lockdowns & restrictions.

The 70 M long, 1700 Tonnes vessel will be propelled by 02 Caterpillar Engines and Twin Disc Gear Boxes to achieve a maximum speed of 15 Knots. This fuel efficient vessel has been designed for carrying passengers & cargo in the coastal and riverine area of Northwest District of Guyana. The ship is designed to carry 276 passengers & 14 crew members along with 14 cars, 02 trucks, 10 containers and 04 refrigerated containers.

His Excellency Mr. Charrandass Persaud, Hon’ble High Commissioner of Govt. of Co-Operative Republic of Guyana, in his address said, “This project is a distinct initiative for Government of Guyana aimed at smart transportation of passengers and cargo. This vessel will create a new benchmark in the field of passenger and cargo movement for Northwest District of Guyana.”

Rear Admiral VK Saxena, IN (Retd), CMD, GRSE stated that GRSE is proud to construct this vessel for the Guyana Government, thereby contributing towards friendly bilateral relations between the two nations.

GRSE was the First Indian Shipyard to export a warship, an OPV to Government of Mauritius in 2015. The shipyard delivered a Fast Patrol Vessel to Government of Seychelles this year and also bagged a contract from Bangladesh for six patrol boats, again on competitive bidding.

The shipyard is currently executing five shipbuilding projects including three Advanced Stealth Frigates under Project 17A, four Survey Vessels (Large) & eight Anti-Submarine Warfare Shallow Water Crafts for the Indian Navy and one Fast Patrol Vessel for the Indian Coast Guard, apart from this export ship under construction for Guyana.

PRESS RELEASE

GRSE ACHIEVES TWIN MILESTONES:KEEL LAYING OF 3rd SURVEY VESSEL (LARGE) &1stANTI-SUBMARINE WARFARE SHALLOW WATER CRAFT

Kolkata, 06 Aug 21: Continuingwith the stellar efforts in indigenousdesign & production of warships, Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a leading warship building Mini Ratna Category 1 Defence PSU of India,laid the Keel of3rdSurvey Vessel Large (SVL)& 1stAnti-Submarine Warfare Shallow Water Craft (ASWSWC),today.

The Keel of bothships were laid in the august presence of Vice Admiral SNGhormade, Vice Chief of Naval Staff through an e-ceremony. Vice Admiral Kiran Deshmukh, CWP&A, Rear Admiral VK Saxena, IN(Retd.), Chairman & Managing Director, GRSE, Rear Admiral GK Harish, DGND, CmdeKhetan, IN (Retd.) Head, Shipbuilding Business, L&T, Cmde SanjeevNayyar, IN(Retd), Director (Shipbuilding), GRSE,CmdePR Hari, IN(Retd), Director (Personnel), GRSE, and Shri RK Dash, Director (Finance), GRSE andSenior Officials of Indian Navy& GRSEgraced the occasion.

GRSE bagged both the contracts for construction of SVLs & ASWSWCs on competitive bidding and design for both has been accomplished by the in-house Design Team of GRSE.

Vice Admiral SN Ghormade, Vice Chief of Naval Staff, in his address said, “I am glad to know that despite thechallenges posed by the pandemic, both the projects are progressing very well and I am confident that GRSE having expertise in design and construction of various types of ships for the Indian Navy,will ensure the timely delivery to maritime forces.

Rear Admiral VK Saxena, IN (Retd), CMD, GRSE stated that GRSE’s achievement of these major milestones today has been made possible due to dedicated and untiring efforts of Team GRSEand synergy among all stakeholders.

The Survey Vessel is the 3rd of the four ships being built by GRSE under the SVL project. The vessels are capable of full scale coastal & deep water hydrographic survey with their advanced survey equipment. TheVessels are 110m Long with a Deep Displacement of 3300 Tons and accommodation of 231 Personnel. They are designed for a cruising speed of 16 knots with an in-house Hull Form Design of GRSE that imparts a superior level of operational efficiency. The Hull form of these new generations Survey Vessel meets the stringent sea keeping and maneuvering requirements including Helicopter Operations at high sea states. The vessels are propelled by two marine diesel engines and also have bow &stern thrusters for maneuvering at low speeds during surveys. The ships are being built & outfitted as per the applicable provisions & regulations of the classification society.

This ASWSWC is the 1st of the eight vessels being built by GRSE. The Anti-Submarine Warfare Shallow Water Crafts are designed for a Deep Displacement of 750 Tons, Speed of 25 Knots and Complement of 57 and capable of full scale Sub Surface Surveillance of Coastal Waters, SAU and Coordinated ASW operations with Aircraft. These Vessels are propelled by Water Jets capable of reaching maximum speed of 25 Knots and are compact and loaded with anti-submarine weapons (light weight torpedoes, ASW rockets and mines).The in-house design team overcame the challenges posed due to the stringent radiated noise & magnetic signature limits for these vessels.

PRESS RELEASE

GRSE Bags Four Awards at 8th Governance Now PSU Awards 2021 & ‘CEO of the Year’ at Asian Leadership Awards 2021

Kolkata, 30 JUL 21: Garden Reach Shipbuilders and Engineers Ltd. (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company has bagged Awards in CSR Commitment, Digital PSU, Research & Innovation and Communication Outreach categories at a Virtual Ceremony of 8th Governance Now PSU Awards 2021 . Dr Kiran Bedi, Former Lt Governor, Puducherry was the Chief Guest for the Ceremony. Chairman & Managing Director, GRSE ,Rear Admiral VK Saxena, IN (Retd.), along with Director (Shipbuilding), Cmde Sanjeev Nayyar, IN (Retd), and Director (Personnel), Cmde. PR Hari, IN (Retd), received the Awards

PRESS RELEASE

GRSE COMMEMORATES [email protected] – TOWARDS AATMANIRBHARTA

Kolkata, 22 JUL 21: Embracing Indigenization and encouraging active MSME participation in the Government of India’s Aatmanirbhar Abhiyaan, Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company of India, operating under administrative control of the Ministry of Defence, celebrated the second phase of India @ 75 from 16 Jul 21 to 22 Jul 21. The first phase of the celebration was observed by GRSE from 23 Apr 21 to 28 Apr 21.        

 

             The week-long celebration witnessed five focused webinars. On 16 Jul 21, the first webinar was conducted on “Indigenization with MSME Special Vendors (SC/ST & Women Entrepreneur), BCC and MSME-DI” which encouraged women leadership roles in the advancement of MSME sector and contribution towards ‘Aatmanirbharata’. On 19 Jul 21, a “Webinar on Indigenization, GRSE-Payment System with Vendors, MSME-DI” was organized which emphasized the payment gateways involved in MSME transactions. 20 Jul 21 witnessed another webinar on “MSMEs Development with MSME-DI & Vendors” with a focus on expansion and enhanced participation of Indian MSMEs followed by a “Webinar on Quality Assurance with DGQA” and “Webinar on Supply Chain Management at GRSE” on 22 Jul 21.

About GRSE:

Garden Reach Shipbuilders & Engineers Ltd is the premier Warship building Company in India, under the administrative control of Ministry of Defence. GRSE, a PCMM Level-2 Certified Company and 40th ranked Fortune India Next 500 Company 2021, dates back to 1884. The Company was taken over by the Government of India in 1960. First shipyard of independent India to build a Seaward Defence Boat (SDB) INS Ajay for Indian Navy in 1961, GRSE also built the first ever Indian Export Warship “CGS Barracuda”. The shipyard was conferred the status of a Miniratna Category I Company in 2006. Over last 61 years, GRSE has built 788 platforms including 107 warships for Indian Navy, Indian Coast Guard, and Government of Mauritius & Seychelles Coast Guard – 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 ship building, 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 Defence Minister’s Award for Excellence 2015-2016 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 modernisation over past decades and delightful impact was perceived in the concurrent construction of 20 ships at a time. Team of highly skilled design engineers and state of art VR Lab & latest softwares cater to 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 LAYS KEEL OF FAST PATROL VESSEL YARD 2118 &COMMENCES PRODUCTION FOR SHALLOW WATER CRAFTS

Kolkata, 15 JUL 21: : Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company laid the keel of Fast Patrol Vessel (FPV) Yard 2118 today        

The keel laying ceremony was held in the august presence of Inspector General Maneesh V Pathak, TM, Commander, Coast Guard Region (North East), Rear Admiral VK Saxena, IN (Retd.), Chairman & Managing Director, GRSE, Cmde Sanjeev Nayyar, IN (Retd), Director (Shipbuilding) and Cmde. PR Hari, IN (Retd), Director (Personnel) and other senior officials of the Indian Coast Guard, GRSE and M/s TWL, Kolkata

This vessel is being constructed for Indian Coast Guard as a replacement for the recently exported FPV SCG PS Zoroaster which was handed over by the Hon’ble Prime Minister of India, Shri Narendra Modito Govt. of Seychelles

The FPVs are medium-range surface vessels with a length of 50 m, a width of 7.5 m and displacement of around 308 T and are proficient at operating in the maritime zones of India. These powerful, fuel-efficient platforms are designed to perform multipurpose operations like patrolling, anti-smuggling, anti-poaching, and rescue operations. The vessels are designed for a maximum speed of 34 knots with an endurance of more than 1,500 nautical miles. It will be equipped with 03 MTU 4000 series engine and built up with Advanced Control Systems, Water Jet Units and Integrated Bridge System for all communication and navigation structures. The ship is also fitted with 40/60 gun as the main armament with improved habitability features of fully air-conditioned modularaccommodation for 35 personnel. The entire design of these FPVs has been developed In-House by GRSE as per requirements specified by the Indian Coast Guard

GRSE also Started Production of Second and Third Ship (Yard 3030 & Yard 3031) of the Eight Anti-Submarine Warfare Shallow Water Craft (ASWSWC)project on 14 Jul 2021. ‘Start Production’ is the first ‘Milestone’ in shipbuilding and signifies commencement of vessel construction after design engineering phase. The compact and complex stealth crafts are designed by GRSE, and these platforms will be packed with state-of-the-art weapons and sensors like Hull Mounted Sonar, Towed Sonar, Torpedo Launchers and Rocket Launcher to interdict and destroy sub-surface targets in coastal waters. The crafts are capable of ‘Search & Rescue’ and ‘Low Intensity Maritime Operations’ and are propelled by water-jets capable of high speed movement.

The shipyard is currently executing three major shipbuilding projects, namely the P17A Project for 3 Advanced Stealth Frigates, 4 Survey Vessels (Large) and 8 Anti-Submarine Warfare Shallow Water Crafts.The Shipyard also received an Export Order from Govt of Guyana for Design, Construction and Delivery of 01 Ocean Going Passenger cum Cargo Ferry Vessel. The vessel is under construction.With proven export credentials backed by a healthy order book, the shipyard is well on its way to realise its vision of being a global leader in shipbuilding.

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PRESS RELEASE

“GRSE GOES GREEN” – INDUCTION OF ELECTRIC VEHICLES

Kolkata, 9 JUL 21: As part ofthe green energy drive, Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building companyput in use14 Electric Vehiclesfor local commute by officials. With a vision to reduce the carbon emissions and protect the environment, GRSE is promoting the use of electrical vehicles as the company is committed towards a cleaner and greener future for India        

The environment friendly e-vehicles have been procured from Energy Efficiency Services Limited (EESL), a joint venture of PSUs under The Ministry of Power. Adoption of e-vehiclesis a step towards “The Go Electric Campaign” initiative of Government of India. Use of these electric vehicleswould also create awareness of e-mobilityand provide a thrust to ‘Atmanirbharta’ by boosting the confidence of indigenous Electric Vehicle manufacturers.

Real Admiral VK Saxena, IN (Retd.), CMD, GRSE, flagged off the electric vehiclesfrom GRSE Bhavan, Kolkata in the august presence ofCmde Sanjeev Nayyar, IN (Retd.), Director (Shipbuilding), Cmde PR Hari, IN (Retd.), Director (Personnel), Shri. R.K. Dash, Director (Finance), Shri. SudeepBhar, Regional Cluster Head (East), EESL and senior officials of GRSE.

Addressing guests and GRSE personnel at the flagging off ceremony, Real Admiral VK Saxena stated that the electrification of public transport is not only economical but also eco-friendly and therefore need of the hour. He further stated that as economic development leads to rapid urbanization, Electric Vehicles shall help in reducing local concentrations of pollutants in the city and reduce dependence on imported crude oil. ‘Global Warming’has also given rise to the need for reduction in the use of fossil fuels and associated emissions.He also added that GRSE is exploring use of green technology on board maritime platforms.

In June 2021, GRSE had also adopted latest technology for enhancing security of infrastructure and other assets by commissioning an Artificial Intelligence (AI) enabled high end CCTV network across its five units in Kolkata. The state-of-the-art technology will enable surveillance of 152.81-acre area of the shipyard to ensure 24×7 safety and security of all its premises.

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PRESS RELEASE

ANOTHER EXPORT BREAKTHROUGH FOR GRSE IN 2021: BAGS EXPORT ORDER WORTH 1.82 MUSD FROM BANGLADESH

Kolkata, 03JULY 21: Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building companybagged an order to build 06 Patrol Boats for Sustainable Coastal and Marine Fisheries Project under Department of Fisheries, Government of Bangladesh. The order has been awarded to GRSE through an international competitive bidding where other international playersfrom Europe and Asia were in the fray.

The 13 m Surveillance Patrol Boats for Marine Fisheries Surveillance Checkpost (MFSC), Government of Bangladesh will be used in Surveillance Activities, Shallow Water Operation and Patrolling Fishing grounds day and night for illegal fishing gears& retrieval of survivors. The Patrol Crafts will be fitted with water jet drive, suitable for shallow water operation up to 0.60 m.

GRSE has the distinction on exporting the first ‘Made in India’ warship when the shipyard delivered a multipurpose Offshore Patrol Vessel (OPV),CGS Barracuda to the Mauritius Coast Guard. In recent times, the shipyard had also delivered a Fast Patrol Vessel (FPV) to the Government of Seychelles and bagged an order on competitive bidding for construction & supply of one Ocean Going Passenger & Cargo Vessel for Republic of Guyana. GRSE has been an exporter of Pre-fabricated Steel bridges to friendly countries like Nepal, Bhutan, Myanmar & Sri Lanka for use in disaster management.

GRSE has made significant contribution towards ‘Atmanirbhar’ Abhiyaanthrough advancementin state-of-the-art warship design and construction by achieving over 90% indigenous content onboard ASW Corvettes and Landing Craft Utility ships. Having modernized its infrastructure facilities, today GRSE is in a position to construct 20 warships concurrently using Advanced Modular Integrated Shipbuilding Technology in line with the best in the world. With adoption of new advanced technology and Industry 4.0 practices, the Shipyard is truly on its way to becoming a global leader in warship construction!

PRESS RELEASE

GRSE GETS 24X7 AI ENABLED SURVEILLANCE

 

Kolkata, 28JUN 21: Adopting the latest technology with respect to security of infrastructure and other assets, Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company has commencedtoday an Artificial Intelligence (AI) enabled high end CCTV network across its five units in Kolkata at a cost of Rs 12.95 Crore.

The state-of-the-art technology will enable surveillance of 152.81 acre area of the shipyard to ensure 24×7 safety and security of all its premises. The AI enabled system will also prove to be a valuable tool during any investigation, detecting unauthorized intrusion or trespassing.

The AI enabled CCTV system was set into operation at the Main Control room, GRSE Main Unit in the august presence of Rear Admiral VK Saxena, IN (Retd), Chairman & Managing Director, GRSE, Shri George Kuruvilla, CMD, BECIL, Cmde Sanjeev Nayyar, IN (Retd.), Director (Shipbuilding) and Shri. R.K. Dash, Director (Finance) and senior officials of GRSE and BECIL.

Thisflexible and intelligent security of GRSE’sinfrastructure is the need ofthe hour for a defence PSU and the shipyard has deployed the CCTV Network to boost operational safety and productivity.

All the CCTV cameras across the units are integrated with each other. The special Artificial Intelligence feature that has been enabled in the CCTV system includes tracking unidentified goods and materials, automatic alarm in case of unusual gathering of personnel, tracking alarm of camera tampering, automatic alarm for trespassing/intrusion and tracking of personnel/vehicles of dubious nature.

Since its inception as a DefencePSU in 1960, GRSE has built 788 platforms which include 107 warships to Maritime security forces, which is the highest number of warships built & delivered by any shipyard in the country, till date. GRSE has the capability to construct 20 ships concurrently, using its modernized infrastructure and ‘Modular Integrated Construction Philosophy’. Further, the dedicated, multi-disciplinary, in-house Design Team of the shipyard is continuously working towards developing various concept designs for ships that can cater to the current and future requirements of Indian Navy and Indian Coast Guard. GRSE has also been steering research and development for energy efficient technologies that can be inducted into service on India’s in-land waterways and also provide cost effective solutions to other nations.

PRESS RELEASE

PERFORMANCE BOOST:NEW 250 TON GOLIATH CRANECOMMISSIONED AT GRSE

 

Kolkata, 22JUN 21: Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company today commissioned a250Ton Goliath Craneat its integrated Main Unit facility in Kolkata.

Rear Admiral VK Saxena, IN (Retd), Chairman & Managing Director, GRSEcommissioned the new Crane in the august presence of CmdeSanjeevNayyar, IN (Retd.), Director (Shipbuilding), Cmde PR Hari, IN (Retd.), Director (Personnel) and Shri. R.K. Dash, Director (Finance) and senior officials of GRSE.

Thismodern Goliath crane with a capacity of 250 tonnes, height of 59.6 metres, width of 35.5metres and span 116 metres, has been manufactured in M/s Sangsangin Marine, South Korea and transported by sea to GRSE in fully assembled condition.This crane is equipped with an automated smart control system that requires just one operator managing the giant.

Highlighting the significance of this state-of-the-art Goliath Crane, Rear Admiral VK Saxena, CMD, GRSE said, “The newly commissioned Goliath Crane is a major contributor towards undertaking integrated shipbuilding using advanced modular construction technology at GRSE to facilitate construction of larger ships in reduced timeframe.The availability of the Goliath crane shall boost the production capacity of GRSE for undertaking concurrent construction with respect to its ongoing and future projects.It is understood that an evolution of transportation of a fully assembled goliath crane by sea and the complex process of unloading from ship to shore directly on crane tracks has been undertaken for the first time in India.”

The gigantic Crane started its journey from Korea on 06 Dec 2020.  After overcoming rough weather and sea conditions of South China Sea and maneuvering narrow sharp bends of Hooghly River, the vessel finally reached GRSE on 21 Feb 2021.Unloading and Completion of parking of the Goliath crane was a mammoth & continuous day night task involving several stakeholders.Overcoming technical challenges, finally on 26 Feb 2021, the crane was parked in its position. Further activities including setting to work and trials were  completed over the last four months amidst the lethal 2nd wave of the Covid pandemic and lockdown and the crane has been commissioned today.

Apart from the latest inclusions in its journey of improvisations and technological excellence in shipbuilding & engineering, the shipyard has made significant contribution towards ‘Atmanirbhar’ Abhiyaanthrough advancementin state-of-the-art warship design and construction by achieving over 90% indigenous content onboard ASW Corvettes and Landing Craft Utility ships. Having modernized its infrastructure facilities, today GRSE is in a position to construct 20 warships concurrently using Advanced Modular Integrated Shipbuilding Technology in line with the best in the world.

PRESS RELEASE
Friday, JUNE 11, 2021

FAMILY MEMBERS OF GRSE EMPLOYEES VACCINATED AT ITS FOJ UNIT IN KOLKATA

Kolkata, 11 June 21: > Implementing all the effective measures to prevent Covid-19 and taking GOI’s vaccination drive further, Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company under the administrative control of the Ministry of Defence, today organized a vaccination drive for its employees’ family members at GRSE FOJ Unit by collaborating with the private hospitals.

 

At the beginning of this month, GRSE had started a much needed vaccination drive for its employees and their family members in Kolkata to contain the second wave of COVID-19. Under the initiative, the Shipyard has set up a dedicated Covid Vaccination Centre at GRSE Main unit. Over 1500 permanent and contractual employees, along with 112 family members have been successfully vaccinated during the drive. The Departmental Heads, senior officers and staff members of GRSE ensured all the necessary COVID protocols throughout the vaccination drive.

 

Earlier, GRSE has signed MoU with two medical institutions in Kolkata, the Saroj Gupta Cancer Centre & Research Institute, Thakurpukur and Bharat Sevashram Sangha Hospital, Joka, to set up two Medical Oxygen Plants and donated 02 ambulances to Ramakrishna Mission, Belur Math

 

PRESS RELEASE

GRSE DEDICATES VACCINATION CENTRE AT ITS KOLKATA UNIT: A FIRST FOR DPSU

Kolkata, 31 May 21:Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company under the administrative control of the Ministry of Defence, has undertaken an initiative to vaccinate its employees by setting up a dedicated Covid Vaccination Centre at GRSE Main unit, Kolkata. The vaccination drive is being organized with support from the State Urban Development Agency (SUDA) and

Ministry of Health & Family Welfare, Government of West Bengal.

The Shipyard stands firm in its commitment towardsthe country’s fight against COVID-19through this dedicated center which will provide vaccination to all regular and contractual employees of the company, commencing from 31 May 21.GRSE’s COVID-19 Vaccination Centre wasinaugurated byRear Admiral V.K. Saxena, IN (Retd.) Chairman & Managing Director, GRSE in the august presence of Cmde Sanjeev Nayyar,IN (Retd.), Director (Shipbuilding), Cmde PR Hari, IN (Retd.), Director (Personnel) and Shri. R.K. Dash, Director (Finance) and other senior officials.

GRSE has been instrumental in containing the spread of first and second waves of COVID-19 with the spirit of resilience. Taking utmost care of the staff and their families who have suffered in the pandemic, the Shipyard has established a dedicated covid care response team working 24×7.Earlier, GRSE hassigned MoU with two medical institutions in Kolkata, the Saroj Gupta Cancer Centre & Research Institute, Thakurpukur and Bharat Sevashram Sangha Hospital, Joka, to set up two Medical Oxygen Plants and donated 02 ambulances to Ramakrishna Mission, Belur Math.

PRESS RELEASE

GRSE HANDS OVER TWO AMBULANCES TO RAMKRISHNA MISSION, BELUR MATH, WB

Kolkata, 25 May 21: Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company of India, operating under administrative control of the Ministry of Defence,  continuing on its  CSR mission, donated 02 ambulances to Ramakrishna Mission, Belur Math during these challenging times. The keys of the ambulances were presented by Cmde P R Hari, Director (Personnel) to Swami Bodhasarananda Ji Maharaj, the Assistant General Secretary of Ramakrishna Math and Ramakrishna Mission on 19 May21 in Belur Math.Other senior officials of GRSE were also present to grace the occasion.

GRSE has continued in its efforts to stand with the people of India in battlingCovid-19 from the onset of the pandemic in 2020. Contributing to the PM CARES Fund and West Bengal State Emergency Relief Fund, the Shipyard handed over relief  materials for theunderprivileged population of Metiabruz, Kolkata and localitiessurrounding theShipyard’s premises & also to Kolkata Police personnel to enable them to perform their dutyunhindered during the nationwide lockdown in 2020. To support the Nation’s fight against the second wave of COVID-19,GRSE has recently signed MoU with two medical institutions in Kolkata, the Saroj Gupta Cancer Centre & Research Institute, Thakurpukur and Bharat Sevashram Sangha Hospital, Joka, for providing support to these hospitals to set up two Medical Oxygen Plants. The Shipyard thus,continues to thus fulfill its responsibility as a corporate entity dedicated to the cause of underprivileged section of the population and the society at large.

PRESS RELEASE

GRSE AIDS SET UP TWO MEDICAL OXYGEN PLANTS AMIDST SECOND COVID WAVE

Kolkata, 03 May 21: Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company of India, operating under administrative control of the Ministry of Defence,signed MoU with Saroj Gupta Cancer Centre & Research Institute, Thakurpukur and Bharat Sevashram Sangha Hospital, Joka, for providing support to these hospitals to set up Medical Oxygen Plants under its CSR initiative.

The Oxygen Plants are to be installed in the hospital premises of Saroj Gupta Cancer & Research Institute comprising of 310 beds and Bharat Sevashram Sangha Hospital with 100 beds. Each Plant has the capacity to produce 40 to 50 cylinder per day. Recently, Bharat Sevashram Sangha Hospital has also started a covid ward due to the latest surge in the pandemic. GRSE stands in solidarity with the people of India in battling the second wave of Covid-19 and as a responsible corporate entity is committed in taking up different developmental projects as a part of its CSR initiative towards improving the quality of lives of people thereby making a meaningful difference in their lives.

PRESS RELEASE 

GRSE COMMEMORATES [email protected]

Kolkata, 28 APR 21: Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company of India, operating under administrative control of the Ministry of Defence, communed celebrations of the Country’s 75 years of Independence ([email protected]) – Aazadi ka Amrit Mahotsav through a week-long celebrations. The highlight of the commemorations was the e-release of GRSE’s Annual In-house Journal VARTA 2021 by Hon’ble Governor of West Bengal, Shri Jagdeep Dhankhar in the august presence of Rear Admiral V. K. Saxena, IN (Retd.) Chairman and Managing Director, GRSE, Cmde Sanjeev Nayyar, Director (Shipbuilding), Cmde P R Hari, Director (Personnel), and other Senior Officials of GRSE on 28 April 21.

             The Hon’ble Governor of West Bengal in his address commended GRSE in contributing to the strategic needs of India’s maritime interests and security. He also mentioned that the track record for delivery of 788 platforms including 107 warships by the shipyard, is a rare honour. The delivery of warships in recent times inspite of challenges, is a tribute to Team GRSE and its leadership, he said. While applauding the achievement of 90% indigenous content on board GRSE’s warships, GRSE’s contribution to the PM Cares fund and to various other organizations in the State of West Bengal through CSR activities, was also appreciated by the Hon’ble Governor.

             The week-long celebrations saw five focused Webinars on enhancing ‘Aatmanirbharta’ with the first one on “Enhancing Workplace Productivity through Quality Circle” on 23 Apr 21 that included GRSE’s employees, apprentices and subcontractor working in GRSE. On 24 Apr 21, a “Webinar on GRSE’s success story of indigenization, was conducted with reference to 90% indigenous content on board Anti-Submarine Warfare Corvettes and Landing Craft Utility Vessels. GRSE’s future plans for indigenization onboard it’s ships and engineering products, was also discussed. 27 Apr 21 saw another, “Webinar on Green Energy for Inland Water Transportation in India” which focused on the key points like avaliability of design, necessary equipment fit availability in India, possibility of indigenous production of equipment, required upgradation of Merchant Shipping act or other regulatory rules requirement and possibility of export to the neighbouring countries. A “Webinar on Skill Enhancement Program for GRSE Employees on Implementation and Sustenance of IMS” and “Webinar on Enhancing Supply Chain Management at GRSE”, was conducted on 28 Apr 21.

              Garden Reach Shipbuilders & Engineers Limited, a premier shipyard of the country, has made significant contributions towards achieving self-reliance in defence production, especially for the Indian Navy and the Indian Coast Guard in the last 62 years of its operation as a DPSU. The shipyard has played a vital role in maritime security of the Nation by delivering largest number of warships to our maritime forces. GRSE has the distinction of delivering 107 warships till date to our valued customers. Recently, the Fast Patrol Vessel, SCG PS Zoroaster built by GRSE was Handed Over by Hon’ble Prime Minister of India, Shri Narendra Modi to the Seychelles Coast Guard on 08 Apr 21. This export initiative was in line with India’s vision of SAGAR (Security And Growth for All in the Region) that puts ‘Neighbourhood first’. GRSE has received 40th ranking in “Fortune India – The Next 500”, a phenomenal jump from 123rd last year. The company has also become PCMM level II certified and is on a path of stupendous growth.

GRSE built Fast Patrol Vessel SCG PS Zoroaster Handed over by Hon’ble Prime Minister of India to Seychelles Coast Guard

08 Apr 21 : In line with India’s vision of ‘SAGAR’ (Security And Growth for All in the Region) that puts ‘Neighbourhood first’, Fast Patrol Vessel (FPV), SCG PS Zoroaster built by Garden Reach Shipbuilders and Engineers Limited (GRSE), Kolkata, a leading shipyard of India was handed over to the Seychelles Coast Guard by Hon’ble Prime Minister, Shri Narendra Modi in the presence of His Excellency Wavel Ramkalawan, President of the Republic of Seychelles. The handing over ceremony was conducted in virtual mode in presence of senior dignitaries of both countries.

Hon’ble Prime Minister of India Shri Narendra Modi in his address stated that India is committed to strengthening the maritime security of Seychelles and this new state-of-the-art ‘Made in India’ Fast Patrol Vessel will help Seychelles Coast Guard to protect its maritime resources.

President of Republic of Seychelles His Excellency Wavel Ramkalawan in his speech acknowledged that the donation of the Fast Patrol Vessel ‘Zoroaster’ by the Government of India comes at a certain opportune moment, reinforcing the efforts of the two nations to combat and deter maritime crimes with specific emphasis on counter narcotic operations within the vast expanse of the maritime zones of the two nations. He added that the state-of-the art vessel represents a key element in achieving this objective as well as enabling the Seychelles Coast Guard to fulfill its principle mission of defending the Seychelles territory, thus contributing to regional stability and security.

The SCG PS ‘Zoroaster’, is from the line of Fast Patrol Vessels being built by GRSE and with proven performance with the Indian Coast Guard. The ship is a powerful, fuel-efficient platform designed to perform multipurpose operations, such as patrolling, anti-smuggling, anti-poaching, and search and rescue (SAR). With a maximum speed of 34 knots and an endurance of more than 1500 nautical miles, this 50 m FPV with a waterjet propulsion system, advanced controls and a 40/60 gun as the main armament, has the capability to undertake Maritime Missions of the Seychelles Coast Guard. The vessel also has improved habitability features with fully air-conditioned modular accommodation for 35 personnel. The overall design of the FPV has been developed in-house by GRSE. The Shipbuilder shall also be supporting the ship at Seychelles for three years.

GRSE has also delivered CGS Barracuda, a multipurpose compact Offshore Patrol Vessel to Mauritius Coast Guard, thereby becoming the first Indian shipyard to have exported a warship in 2015. The Shipyard is presently undertaking the repairs and maintenance of the ship at Kolkata. GRSE has proven capabilities along with a dedicated building yard for Fast Patrol Vessels and Offshore Patrol Vessels. Recently, GRSE also bagged an order for construction & supply of 01 Ocean Going Passenger & Cargo Vessel for Republic of Guyana thus getting underway to becoming a global player in the warship building arena.

Since its inception as a Defence PSU in 1960, GRSE has built 788 platforms which include 107 warships to Maritime security forces, which is the highest number of warships built & delivered by any shipyard in the country, till date. GRSE has the capability to construct 20 ships concurrently, using its modernized infrastructure and ‘Modular Integrated Construction Philosophy’. Further, the dedicated, multi-disciplinary, in-house Design Team of the shipyard is continuously working towards developing various concept designs for ships that can cater to the current and future requirements of Indian Navy and Indian Coast Guard. GRSE has also been steering research and development for energy efficient technologies that can be inducted into service on India’s in-land waterways and also provide cost effective solutions to other nations.

PRESS RELEASE
GRSE’s CSR INITIATIVE IN ASSOCIATION WITH RAMAKRISHNA MISSION, BELUR MATH & INDIAN INSTITUTE OF CEREBRAL PALSY (IICP)

Kolkata, 01 Apr 21: Maintaining the strong relationship and support to the Indian Institute of Cerebral Palsy (IICP),since 2009, Rear Admiral V.K. Saxena, IN (Retd.), Chairman & Managing Director, GRSE, handed over a ceremonial cheque of Rs 53.08 lakh to the institute’s Life Skill Training Unit. GRSE had adopted 02 Education Development Units (EDU IV &V) and 01 Vocational Training Unit. The Company had also taken care of the renovation and repair work of IICP building which was damaged during Amphan. GRSE has also provided a Tata Winger mini bus with foldable ramps for easy transportation for differently abled children.

The Life Skill Training Unit comprises of 03 Classes covering approx. 40-45 special children who have severe multiple impairments. They are imparted training in basic academic and life oriented language and numeracy skills for achieving minimum level of self- reliance. The children, aged between 14-18 years, are trained in pre-vocation skills like block printing, making bead & junk jewellery, paper bags/ packets from newspaper, greeting cards, decorated earthen lamps, diyas, rakhis etc.

To continue with the on-going commitment to enhance the lives of the communities it operates in, GRSE, signed a new MOU with Ramakrishna Mission, Belur Math, which is an initiative to support 05 new Gadadhar Abhyudaya Prakalpa (GAP) Units at Ranchi. The MoU was signed in the august presence of Cmde PR Hari, IN (Retd.), Director (Personnel), GRSE, Swami Bodhasarananda Ji Maharaj, the Assistant General Secretary of Ramakrishna Math and other senior officials of GRSE.

The new 05 Gadadhar Abhyudaya Prakalpa (GAP) units of Ramakrishna Mission includes 02 units located in Khunti and Ranchi Districts in Jharkhand and 03 units located in West Bengal from FY 2021-22 for an approx. project cost of Rs. 1.01 Crore for three years. This initiative is aimed towards holistic development of approx. 255 underprivileged tribal children of Badree, Getalsud, Kuturloba and Tupudana of Ranchi district from FY 2019-20 to 2022-23.

Under this project, in addition to conducting daily classes for academic development, daily nutritive food supplements, periodic medical check-up, health awareness classes, free-hand exercise / yoga sessions, sports activities will be undertaken for intellectual and physical development of the children. Toiletry items like toothpaste, tooth brush, soap, hair oil, socks, footwear etc. will be provided to each child for ensuring personal hygiene.

The Shipyard had also recently undertaken a project for construction of new facilities in R.B Institute for 45 special children. GRSE has constructed one class room, one hall and one auditorium cum prayer room was renovated. In the time of Covid-19 crisis and Post Super Cyclone Amphan, the shipyard participated in rebuilding the economy, by contributing Rs. 10 lakhs to the West Bengal State Emergency Relief Fund and donating Rs. 1 crore to the PM-CARES Fund. The shipyard as corporate entity is committed in taking up different developmental projects as a part of its CSR initiative towards improving the quality of lives of the underprivileged sections of the society and other stakeholders primarily around its facilities and anywhere in India thereby making a meaningful difference in people’s lives and strive to contribute towards sustainable development of the society.