Press Releases 2022-23 - Quarter 4
PRESS RELEASE
GRSE Ends FY23 on a High: Records Highest Turnover with YoY Growth Of 45% & Sees Order Book Surge By 3500 Cr with Contract For 04 Next Generation Offshore Patrol Vessels
GRSE Ends FY23 on a High: Records Highest Turnover with YoY Growth Of 45% & Sees Order Book Surge By 3500 Cr with Contract For 04 Next Generation Offshore Patrol Vessels
Kolkata, 31 Mar 2023: Garden Reach Shipbuilders & Engineers Limited (GRSE), one of the leading warship builders in the country, continues to break records and has for the first time in the company's history of 63 years as a DPSU, achieved an Annual Turnover to the tune of Rs 2550 Crore (Provisional & Unaudited) for FY 2022-23. The company maintained its momentum through FY 22-23 achieving a remarkable revenue growth of 45%. GRSE also signed the Contract with Ministry of Defence for construction of four Next Generation Offshore Patrol Vessels (NGOPVs) on 30 Mar 23. This INR 3500 Crore (approx.) contract won on competitive bidding, boosts the Shipyard's credentials for building next generation warships indigenously, with the first NGOPV scheduled to be delivered in 44 months. The company has effectively managed its resources in this labour-intensive industry and progressed operations continuously improving internal efficiencies thereby surpassing its FY 21-22 revenues in Q3 FY 22-23 itself. Company had also declared an interim dividend in FY22-23, @55% of Paid-up Share Capital against 49.50% of previous year. The zero-debt company continues to build on its strong reputation as a leader in the shipbuilding sector in India.
GRSE also achieved a significant milestone in 2022 when the company ventured into "Green Technology" in Shipbuilding by signing a contract with the Government of West Bengal to construct the 'Next Generation Electric Ferry'. Becoming the only shipyard to be awarded the coveted Raksha Mantri's Award 2022 for Excellence in Defence & Aerospace Sector at "Defence Expo 22" and another 16 prestigious awards for Design, CSR, Corporate Communication, HR, Digital Transformation etc. are testimony to the excellence in design and operations achieved by GRSE. The shipyard is presently undertaking concurrent construction of 22 ships including 03 P17A Stealth Frigates, 04 Survey Vessels (Large), 08 ASW SWCs, 01 New Generation Electric Ferry and 06 Patrol Boats.
Major production milestones achieved in 2022-23 include mega-ship launches for the Indian Navy such as the 2nd P17A Advanced Frigate Dunagiri, two Anti-Submarine Warfare Shallow Water Craft and two Survey Vessels (Large). One Ocean Going Passenger & Cargo Vessel for Cooperative Republic of Guyana & 01 Fast Patrol Vessel (FPV) for the Indian Coast Guard were also launched and delivered in FY 23.
In the growth journey of FY 23, the company has collaborated through 'MoUs' with more than 20 firms including several MSMEs and Startups. In a major step aimed towards bolstering the 'Make in India' initiative, GRSE has also signed a Memorandum of Understanding (MoU) with Rolls Royce Solutions of Germany to manufacture high-quality marine diesel engines. At DEFEXPO 22, GRSE launched first of its kind 'Double Lane Modular Steel Bridges' which are used in HADR operations and in border areas for establishing road connectivity. GRSE's Diesel Engine Plant at Ranchi, has developed India's first Naval Shock Standards fully qualified, 01 MW Diesel Alternator for marine application. Through strategic initiatives, the Company is focused on increasing self-reliance in the maritime domain including development of 'autonomous vessels' and 'Close in Weapon Systems (CIWS)' for maritime use. Looking ahead, GRSE is well poised to maintain its growth trajectory and deliver exceptional value to its customers, shareholders and other stakeholders.
PRESS RELEASE
GRSE Signs Contract for 04 NGOPVs: Order Book surges by 3500 Cr
GRSE Signs Contract for 04 NGOPVs: Order Book surges by 3500 Cr
Kolkata, 31 Mar 2023: Garden Reach Shipbuilders & Engineers Ltd. (GRSE), a Miniratna Category 1, Defence PSU, signed a contract with the Ministry of Defence for construction of 04 Next Generation offshore Patrol Vessels on 30 March 2023. The Total Project Cost of 4 GRSE Vessels is around ?3500/- cr. The first Vessel is to be delivered within 44 months from Contract Signing and subsequent Vessels at 06 months intervals.
The Contract was signed between JS&AM (M&S, Ministry of Defence), Shri Dharmendra Kumar Singh, IA & AS (2000) and Cdr Shantanu Bose, IN (Retd), Director (Shipbuilding), GRSE in the presence of Shri Pankaj Agarwal, IAS, DG (Acquisition), Cmde PR Hari. IN(Retd.), CMD GRSE, RAdm S Mehta, ACWP&A, Indian Navy and other senior officials of Ministry of Defence, Indian Navy & GRSE.
The length of the NGOPVs will be 110m (Approx) with displacement around 2900 Tons and max speed more than 23 knots. The NGOPV should be capable of fulfilling roles such as Seaward Defence, 'Out of Area' Contingency Ops (OOAC), Non-Combatant Evacuation Ops (NEO), Convoy Operations/Anti-Piracy Missions, Counter Infiltration Ops, Anti-Poaching/Trafficking, HADR, Search and Rescue Missions, Hospital Ship, Fleet Maintenance Support and COMINT Ship.
PRESS RELEASE
GRSE LAUNCHES THE "MOST SILENT SHIP": INS ANDROTH, 2ND IN A SERIES OF EIGHT ASW SWCs
GRSE LAUNCHES THE "MOST SILENT SHIP": INS ANDROTH, 2ND IN A SERIES OF EIGHT ASW SWCs
Kolkata, 21 Mar 2023: As she felt water under her keel for the first time on March 21, 2023, at Garden Reach Shipbuilders and Engineers (GRSE) Ltd, INS Androth, as this warship was named in a solemn ceremony - the second in a series of eight Anti-Submarine Warfare Shallow Water Craft (ASW SWC) being built by GRSE Ltd for the Indian Navy - highlighted the strategic importance of the chain of 36 islands in the Arabian Sea that are part of Indian territory.
Vice Admiral Dinesh K Tripathi, Flag Officer Commanding-in-Chief, Western Naval Command was Chief Guest at the occasion and the ASW Shallow Water ship, INS Androth was christened and launched by Mrs Shashi Tripathi, President, NWWA, Western Region.
Former Indian cricketer Shri Arun Lal was Guest of Honour during the ceremony. Lal played 16 Test matches and 13 One Day Internationals for India as an opening batsman. He now runs a cricket academy and is a columnist. He was also coach of the Bengal Ranji team till 2022.
Cmde PR Hari IN (Retd), Chairman and Managing Director, GRSE, Vice Admiral Kiran Deshmukh, CWP&A Indian Navy, Shri RK Dash, Director (Finance), GRSE, Cdr S Bose, Director (Shipbuilding), GRSE, Shri Mihir Kumbhakar, CVO, GRSE & other Senior officials of Indian Armed Forces & GRSE were present on the occasion.
The primary role of these 77 meters long, waterjet propelled ASW Shallow water crafts capable of maximum 25 knots speed is to conduct anti-submarine operations in coastal waters, Low Intensity Maritime Operations (LIMO) and mine laying operations. These ships are also capable of full-scale sub surface surveillance of coastal waters and various surface platforms and coordinated ASW operations with aircraft.
These ships may be smaller in size but will pack a lethal punch. They will carry lightweight torpedoes, ASW rockets and mines, close-in weapon system (30 mm gun) and 16.7 mm stabilized remote-controlled guns. The ASW SWC will also be fitted with hull mounted sonar and a low frequency variable depth sonar. All the ships of the Project are being built to IR Class rules for Naval Vessels. The Class Surveyors have been instrumental in ensuring construction as per Class rules.
Vice Admiral Tripathi stated, "The construction of specialized ships such as these for Anti-Submarine Warfare is indeed in sync with the provisioning of a combat ready credible cohesive & future proof force, which is ready to face the existing and future challenges in the maritime domain. I am happy to inform you, the ship to be launched today has made quick progress during construction notwithstanding the vicissitudes of shipbuilding as we all know. I take this opportunity to congratulate the GRSE for being the only DPSU shipyard for receiving the Raksha Mantri Award 2022, for designing the ASW Shallow Water Craft."
Cmde P R Hari IN (Retd), Chairman and Managing Director, GRSE Ltd, highlighted the long and fruitful relations that the shipyard has had with the Indian Navy. "Garden Reach Shipbuilders and the Indian Navy go back a long way and 63 years of our coexistence has seen tremendous growth of both the organisations. We at GRSE, are indeed proud to have partnered the Navy in a quest of attaining Blue Water capability and also, in its transition from a Buyers Navy to a Builders Navy. 70 Warships were delivered to Indian Navy and 15 more under various stage of construction... in this, the sheer numbers reflect the strength of this partnership and these platforms range from Boats to Fast Attack Crafts, to Survey Vessels, to Landing Crafts to Corvettes, to Frigates, and now Anti-Submarine Shallow Water Crafts, and Advanced Frigates. GRSE is a diversified company and our USP is our product profile. From Warships to Commercial Ships to Diesel Engines, to Deck Machinery, to Portable Steel Bridges, the company is doing well, both in terms of physical and financial performance. The first ship of this ASW Shallow Water Craft project was launched on 20 Dec 22 and within 3 months of launching the first ship, here we are today to launch the 2nd ship," he said in his address.
PRESS RELEASE
GRSE Bags 12th ICC PSE Excellence Awards in the CSR and Sustainability
GRSE Bags 12th ICC PSE Excellence Awards in the CSR and Sustainability
Kolkata, 18 Mar 2023: Garden Reach Shipbuilders and Engineers Ltd. (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company have bagged the Award for "CSR and Sustainability" at the 12th ICC PSE Excellence Awards. Smt. Lipi Das, General Manager (Employee Relations & Legal) received the Award on behalf of GRSE from Shri Madhukar Gupta, IAS, State Election Commissioner, Govt. of Rajasthan at an award function held at the Le Meridian in New Delhi on 17 Mar 23.
The PSE Excellence Awards is an initiative by the Indian Chamber of Commerce to acknowledge the game changers who have contributed immensely to shaping the Indian economy.
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PRESS RELEASE
GRSE inks MoU with KEL for the Development of Light Weight Bailey Bridges
GRSE inks MoU with KEL for the Development of Light Weight Bailey Bridges
Kolkata, 04 Mar 2023: Garden Reach Shipbuilders and Engineers (GRSE) Ltd, pioneers in the development of Bailey Type Portable Bridges for disaster management and connecting difficult terrains, signed a Memorandum of Understanding (MoU) with Kerala Electrical & Allied Engineering (KEL), a state-owned enterprise of Kerala, for the joint research and development of a lightweight Bailey Bridge with a Carbon Fiber Composite Deck.
The MoU was signed by Cmde PR Hari, IN (Retd.), CMD, GRSE, and Col Shaji M Varghese (Retd.), Managing Director, KEL, in the august presence of Shri P Rajeev, Hon'ble Minister of Law, Industries & Coir, Govt of Kerala, on March 03, 2023. Under the MoU, KEL will also design and develop dry type transformers and alternators as per Navy specifications.
Earlier, in August 2022, GRSE became the only organization in India qualified for the prestigious GREEN CHANNEL CERTIFICATION for the supply of Bailey type Bridges of various spans and configurations to the Indian Army. This initiative of the Government of India aims to facilitate "EASE OF DOING BUSINESS" and promote the national mission of "MAKE IN INDIA" with a special focus on "DEFENCE MANUFACTURING".
PRESS RELEASE
GRSE celebrates India@75-Phase IX: Indigenisation and CSR remain the Prime Focus
GRSE celebrates India@75-Phase IX: Indigenisation and CSR remain the Prime Focus
Kolkata, 02 Mar 2023: Garden Reach Shipbuilders and Engineers Ltd. (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship-building company of India, organised a series of webinars, and health check-up camps for underprivileged, from 24 Feb 23 to 02 Mar 23 as a part of Phase IX of India@75 Week- Aazadi ka Amrit Mahotsav Celebration.
The celebration of India@75-Phase IX commenced with a webinar on "Fuel Cells-Application to Marine Vessels" on 24 Feb 23. Subsequent webinars were organised on "AI-enabled Non-Destructive Testing"; "Vendor Development with a special view on Service Field / Vendor & IDM Portal" in association with MSME-DFO Kolkata; "Vendor Development Programme & Spot Registration facility for MSME SC/ST & Women Entrepreneurs in association with NSIC-NSSHO"; "Supply Chain Micro & Small Enterprises at GRSE"; "Special Vendor Development Program for Service Vendors & Women Entrepreneurs" and "Special Vendor Development Program for Service Vendors & SC/ST Entrepreneurs in association with NSIC-NSSHO" between 27 Feb 23 and 02 Mar 23.
During the India@75 celebration, GRSE also organised a shipyard visit for the members of the Calcutta Club and showcased shipyard's contributions to the nation's self-reliance capabilities in shipbuilding and allied areas. During the week celebration, GRSE also organised health & wellness camp for underprivileged population of Mathurapur & Kultali of Sundarbans, South 24 Parganas. In the past, GRSE successfully organised eight phases of the India@75 Week - Aazadi ka Amrit Mahotsav Celebration. These were held in Apr 21, Jul 21, Oct 21, Dec 21, Mar 22, Jun 22, Sep 22, and Dec 22. GRSE will continue to organise two more phases of India@75 in the coming months taking forward the Indigenisation initiative.
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PRESS RELEASE
GRSE Bags 9th Governance Now PSU Awards in 'Communication Outreach' for Four Years in a Row: Also Bags Awards in CSR Commitment, Digital PSU and Reskilling of Employees Categories
GRSE Bags 9th Governance Now PSU Awards in 'Communication Outreach' for Four Years in a Row: Also Bags Awards in CSR Commitment, Digital PSU and Reskilling of Employees Categories
Kolkata, 20 Feb 2023: Garden Reach Shipbuilders and Engineers Ltd. (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company has bagged Awards in Communication Outreach, CSR Commitment (Overall), Digital PSU and Reskilling of Employees (Training & Development) categories at the 9th Governance Now PSU Awards. Justice Deepak Mishra, Former Chief Justice of India presented the award to GRSE at an award function in New Delhi on 16 Feb 23. It is noteworthy to mention that GRSE has been adjudged winner for Communication Outreach Award for fourth year in a row.
Governance Now PSU Awards honour the efforts of Public Sector Undertakings (PSU's) that have been key to the country's growth and is given for their commitment to excellence, developing best practices and innovative strategies.
PRESS RELEASE
GRSE Wins Best Enterprise Award 2022 for WIPS Activity at WIPS 33rd Annual Conclave: CMD GRSE addressed the gathering with his motivational speech
GRSE Wins Best Enterprise Award 2022 for WIPS Activity at WIPS 33rd Annual Conclave: CMD GRSE addressed the gathering with his motivational speech
Kolkata, 17 Feb 2023: GRSE's The Women in Public Sector (WIPS) wing has been conferred with the "Best Enterprise Award" in the "Miniratna" category for the year 2022 at the 33rd National Meet of Women in Public Sector (WIPS) in Kolkata on 10 Feb 23. The award is in recognition of WIPS activities in the company. The GRSE management has been extending support for WIPS activities over the years.This is GRSE - WIPS wing's 5th consecutive award. The award was presented by Shri Atul Sobti, DG, SCOPE at the 33rd Annual Forum conclave of Women in Public Sector (WIPS) in association with SCOPE at Kolkata.
Addressing to the gathering at CMD's Session, Cmde PR Hari IN(Retd.), CMD, GRSE, said, "I am not sure whether all of you know or not, a warship is always called a lady, and whenever someone enters the warship or leaves the warship, a courtesy salute is given at the gangway as a mark of respect and whenever a woman visits our ships, she is received and seen off again with a salute, a mark of respect."
He also shared, "I have been informed that this is the 33rd National Meet of WIPS and I happen to see the theme of WIPS being very unique. Shakti 5S. As Head of a heavy engineering and manufacturing industry, 5S is very close to my heart. In our parlance, 5S means Set, Sort, Shine, Standardise and Sustain, towards improving the work environment to enhance productivity. Here, very interestingly, I happen to read, the 5S represented as Strong, Sincere, Smart, Synergetic & Sustainable. Ladies, these 5 typical characteristics of a woman make her strong and a "Shakti". As a quote goes "A woman is like a full circle, she has the power to create, to nurture and to transform". So far we have had two Presidents including the current Supreme Commander, one Prime Minister, 16 Chief Ministers, 24 Governors, four Chief Justices of the High Court, 11 Supreme Court Judges, and today we have 41 smart ladies as industry leaders in various organisations in India. Keeping away the bureaucracies, the IAS, IPS officers, lady officers in the armed forces alone today are 2904 officers serving the nation. Is this not enough for us to be feeling proud? No! we want more. This is just the beginning; we are actually at the cusp of a transformation. A transformation that should lead to gender equality in the true sense, but thus ladies, the baton is in your hands. It's for you to decide the pace at which you must move and cross the finishing line. Do you want to touch the tape first or do you want to be just one of the contenders? The also ranks, absolutely no! You must strive to cross the line and cross the line first. We all keep talking about breaking the glass ceiling, yes, it's a reality and unfortunately a stark reality that there is a ceiling that still exists. But then we must accept the fact that it is a ceiling that has been created together, we also must remember that a few decades back, not more than a couple of decades back, the glass was thicker and definitely opaque but today it is just wafer thin and translucent, not yet transparent. All it takes is a strong nudge to break free. Once you break free, forget the sky, Sky is not the limit."
He concluded his address by saying, "I have a wish, will there be a day when I will be attending a MIPs, Men in Public Sector event where dignitaries will give motivational lectures as to how men should match women or rather will there be a day when a simple conclave is there "Employees of Public Sector" meet together, I hope that day comes soon."
The 33rd WIPS meet also witnessed the presence of Shri MK Singh, IPS, DG & CG Home Guard, West Bengal, Dr. C Dharini Mouli, President WIPS, CMDs, Directors, Senior Officials and over 600 women employees of Public Sector Undertakings across the country. The prestigious WIPS award was instituted by the Central APEX Forum of WIPS in 1992 and is presented annually to select PSUs in recognition of the finest efforts made to harness the growth & development of Women in PSUs.
PRESS RELEASE
GRSE inks Strategic Collaborations at Aero India 2023
GRSE inks Strategic Collaborations at Aero India 2023
Kolkata, 15 Feb 2023: Garden Reach Shipbuilders & Engineers Ltd. signed strategic MoUs as part of the 'BANDHAN' initiative at Aero India 2023, Bengaluru, that will help the shipyard boost its Shipbuilding and Ship Repair capabilities and identify and explore synergies and partnerships for the niche market in India and neighbouring countries.
GRSE has signed MoUs with M/s Aerospace Engineers Pvt. Ltd., M/s Central Institute Fisheries Technology, M/s Dynatron, M/s Keltron, M/s Krasny Marine, M/s Naval Group France, M/s Rekise Marine Pvt. Ltd., M/s Rolls Royce Solutions GmBH (MTU), and M/s Tunga Aerospace Pvt. Ltd.
Business strategies being adopted by the shipyard include optimum utilization of shipyard capabilities, as well as capacity and cutting down costs for shipbuilding projects of the Indian Navy and Indian Coast Guard. Currently, GRSE is also exploring the Non-Defence shipbuilding market for constructing special-purpose ships.
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 the 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
Performance Review of Q3 &9M FY 2022-23
MAINTAINING THE UPWARD TEMPO - GRSE REVENUE SURGES UP: REGISTERS A GROWTH OF 62% OVER 9M FY 22
Performance Review of Q3 &9M FY 2022-23
MAINTAINING THE UPWARD TEMPO - GRSE REVENUE SURGES UP: REGISTERS A GROWTH OF 62% OVER 9M FY 22
Kolkata, 10 Feb 2023: Garden Reach Shipbuilders & Engineers Limited (GRSE), one of the leading warship builders in the country has announced its financial results for the third quarter and nine months ended December 31st, 2022.
Highlights of Q3 FY 23:
- Total income increases by Rs. 219 Cr as compared to corresponding previous quarter.
- Revenue from operation is Rs. 699 Cr in Q3 FY23 as against Rs. 487 Cr during Q3 FY22, registering a growth of 44%.
- Earnings Before Interest Tax Depreciation and Amortization (EBITDA) during Q3 of FY 23 is Rs. 97 Cr.
- Profit Before Tax (PBT) stood at Rs. 86 Cr for Q3 FY23.
- Profit After Tax (PAT) stood at Rs. 64 Cr for Q3 FY23.
Commenting on the results, Cmde Hari PR, IN (Retd) Chairman and Managing Director, Garden Reach Shipbuilders & Engineers Limited said, "We have maintained the momentum gained during the first two quarters of the current FY and have recorded the highest ever 9M revenue from operations and PBT/PAT in the history of our shipyard. This has been achieved through accomplishment of major production milestones including the 'Ahead of Schedule' delivery of a Fast Patrol Vessel to ICG, Technical Acceptance of an export vessel to Government of Guyana and two each warship launches & Keel Layings."
During the quarter, GRSE's endeavours were rewarded with the coveted Raksha Mantri's Award 2022 for Excellence in Defence & Aerospace Sector at DefExpo 22 & PRSI National Awards 2022 in three different categories.
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PRESS RELEASE
GRSE signs landmark MoU for Production of Marine Engines under 'Make in India' Initiative
GRSE signs landmark MoU for Production of Marine Engines under 'Make in India' Initiative
Kolkata, 28 Jan 2023: In a major step aimed towards bolstering the 'Make in India' initiative, Garden Reach Shipbuilders and Engineers (GRSE) Ltd signed a Memorandum of Understanding (MoU) with Rolls Royce Solutions of Germany for manufacture of high quality marine diesel engines. The MoU was signed on January 27, 2023 by Cmde. PR Hari, IN (Retd), CMD, GRSE and Shri GS Selwyn, MD, MTU India in the august presence of Vice Admiral Sandeep Naithani, AVSM, VSM, Chief of Materiel of the Indian Navy. Senior officials from Indian Navy and GRSE were present on the occasion. The MoU shall go forward among the highlights for the upcoming Aero India '23.
Under the agreement, GRSE and Rolls Royce Solutions will co-operate in the licence production and localization of the technologically advanced MTU S4000 governmental marine engines. These engines, with a power output of 746-4300 KW, are compact, reliable and easy to maintain. They are used for Fast Patrol Vessels, Interceptor Boats and Fast Attack Crafts built by GRSE and other shipyards around the country. So far, these engines are imported, bringing down the indigenous content of these classes of vessels built at Indian shipyards.
MTU is a solution brand of Power Systems, a fully-owned subsidiary of Rolls Royce plc. The manufacture of these engines in India would also provide a great opportunity to local industry, particularly MSMEs involved in the manufacture of components and spares. It has always been GRSE's aim to help in the growth of such business enterprises as part of 'Make in India' and continuously strive towards building a strong eco system of small & medium enterprises involvement in the prestigious projects that it handles. The MoU deals with Transfer of Technology related to engine assembly, painting, parts sourcing and after sales service for these engines that are to be assembled at GRSE's Diesel Engine Plant in Ranchi.
On the occasion, Commodore P R Hari, IN (Retd) said, "This partnership between GRSE & Rolls Royce Solutions is a step towards indigenisation of Marine Engines. This alliance will create a robust eco system of self-reliance in the naval shipbuilding domain and is a fillip for AatmaNirbhar Bharat."
PRESS RELEASE
GRSE goes Green - Lays keel for first ever zero-emission Ferry to ply on the Hooghly
GRSE goes Green - Lays keel for first ever zero-emission Ferry to ply on the Hooghly
Kolkata, 19 Jan 2023: The keel of the first New Generation Electric Ferry for the Government of West Bengal was laid by Garden Reach Shipbuilders and Engineers (GRSE) Ltd in Kolkata on January 19, 2023. This zero-emission Ferry, designed by GRSE, is being built for the Government of West Bengal and is poised to revolutionise passenger transport across River Hooghly as well as the movement of vessels along National Waterways I. Shri Binod Kumar, Principal Secretary, Department of Transport, Government of West Bengal, graced the occasion as Chief Guest during the keel laying. Shri Rajanvir Singh Kapur, IAS, MD, WBTC, Shri R K Dash, Director (Finance), Cdr Shantanu Bose IN (Retd), Director (Shipbuilding), Shri Sanjay Dattatraya Panse, Independent Director, GRSE, Shri Sanjeeb Mohanty, Independent Director, GRSE, Shri Mihir Kumbhakar, ITS, Chief Vigilance Officer and other senior officials of GRSE were also present during the ceremony that marked a new chapter in the shipyard's long and glorious history. Such ferries will potentially replace the diesel engine driven ferries that now operate on River Hooghly, bringing about a major transformation towards the reduction of carbon emissions.
In June 2022, a Memorandum of Understanding (MoU) was signed between the Government of West Bengal & GRSE for design & construction of the New Generation Electric Ferry. The 24-metre-long New Generation Electric Ferry designed by GRSE will be powered by a 210 Kilowatt per hour (kWh) liquid cooled Energy Storage Solution. It is ergonomically designed to carry 150 passengers in air-conditioned comfort and with no noise or engine vibrations, the Ferry will offer a smooth ride.
The Ferry will have twin screw propellers for greater maneuverability and a Catamaran Aluminium hull which will allow speeds upto 10 knots. It will have solar panels to augment power supply. It is being built to comply with latest classification society rules related to passenger safety.
During his welcome address, Cdr Shantanu Bose, Director (Shipbuilding), GRSE mentioned that The Next Generation Electric Ferry is a R&D effort by GRSE and it will be a technology demonstrator and green initiative for the Inland Waterways for West Bengal, other states, coastal & island territories of India. He also stressed that as we at GRSE, care for the environment, the lifecycle cost of this vessel is 20-30 % lesser compared to diesel powered vessel.
Congratulating GRSE on the occasion, Chief Guest for the ceremony Shri Binod Kumar stated that this is the first electric powered vessel for Government of West Bengal and these vessels are significant in terms of sustainable development. Shri Kumar also emphasised that we are majorly affected by global warming and pollution related to fossil fuels and this new electric ferry will play a major part towards green energy initiative as this will run on rechargeable electricity and solar energy. Highlighting the importance of this vessel in the River Hooghly, he stressed that both the sides of river are densely populated and this vessel will prove to be the cheapest, time saving and a popular mode of transportation.
The last month has been a busy one for GRSE, the only shipyard in the country to have delivered 108 warships to the Indian Navy and Indian Coast Guard. Two more have been exported to the Republic of Seychelles and Mauritius. Over the last few days, GRSE has delivered a Fast Patrol Vessel to the Indian Coast Guard. This ship was commissioned at GRSE on January 12, 2023. The shipyard also flagged-off a passenger-cum-cargo Ocean going ferry - the first of its kind built in the country - for the Cooperative Republic of Guyana. GRSE also laid twin keels for Anti Submarine Warfare Shallow Water Craft (ASW SWC) at its Rajabagan Dockyard. Eight of these warships are being built by GRSE.
In 2022, GRSE also became the only defence shipyard in the country to be honoured with the Raksha Mantri Award for designing the most silent ship of its class - an ASW SWC that has now been launched and is being fitted out. GRSE is also building three Advanced Stealth Guided Missile Frigates for the Indian Navy under the latter's project 17A. Two of these have already been launched. Four Survey Vessels (Large) are also under construction at the shipyard which is also working on an export order for six patrol boats for the Government of Bangladesh.
PRESS RELEASE
Twin Historic Moments: GRSE designed & built FPV Commissioning at GRSE and Flagging-off of in-house designed Ocean Going Ferry to Guyana from GRSE on same day
Twin Historic Moments: GRSE designed & built FPV Commissioning at GRSE and Flagging-off of in-house designed Ocean Going Ferry to Guyana from GRSE on same day
Kolkata, 12 Jan 2023: ICGS Kamla Devi, the Fast Patrol Vessel (FPV) designed, built and delivered by Garden Reach Shipbuilders and Engineers (GRSE) Ltd to the Indian Coast Guard a few days ago, was commissioned in Kolkata on January 12, 2023. DG V S Pathania, PTM, TM, Director General, Indian Coast Guard, was present as Chief Guest during the ceremony that took place at GRSE's Fitting Out Jetty. ADG S Paramesh, CGC (Eastern Seaboard), Indian Coast Guard, CMD GRSE, Cmde PR Hari, IN (Retd.), Shri RK Dash, Director (Finance), GRSE, Cdr Santanu Bose, Director (Shipbuilding) & senior officials from Indian Coast Guard, GRSE & other organisations were present at the occasion.
ICGS Kamla Devi, the Fast Patrol Vessel (FPV) designed, built and delivered by Garden Reach Shipbuilders and Engineers (GRSE) Ltd to the Indian Coast Guard a few days ago, was commissioned in Kolkata on January 12, 2023. DG V S Pathania, PTM, TM, Director General, Indian Coast Guard, was present as Chief Guest during the ceremony that took place at GRSE's Fitting Out Jetty. ADG S Paramesh, CGC (Eastern Seaboard), Indian Coast Guard, CMD GRSE, Cmde PR Hari, IN (Retd.), Shri RK Dash, Director (Finance), GRSE, Cdr Santanu Bose, Director (Shipbuilding) & senior officials from Indian Coast Guard, GRSE & other organisations were present at the occasion.
ICGS Kamla Devi is officially the fifth and last vessel of the series of FPVs designed and built by GRSE as per specifications of the Indian Coast Guard. GRSE is the only Indian shipyard to achieve the unique distinction of delivering 100 warships and this ship is the 108th warship to be delivered by GRSE since 1960 when it became a Defence Public Sector Undertaking. GRSE is also the first shipyard to export a warship the Offshore Patrol Vessel MCGS Barracuda to Mauritius back in 2014.
ICGS Kamla Devi is 48.9-meters-long and 7.5-meters-wide with a displacement of 308 Tons. With three engines and water jets, she is capable of a top speed of 34 knots and an endurance of over 1,500 nautical miles. She also has an Integrated Bridge System and is fitted with a 40/60 gun as the main armament. The ship has advanced habitability features with fully air-conditioned accommodation for 35 personnel. Like her sister ships, ICGS Kamla Devi will patrol the seas and carry out anti-smuggling, anti-poaching and search and rescue operations as and when required.
In his address during the Commissioning of ICGS Kamla Devi, Cmde Hari, Chairman and Managing Director, GRSE, thanked the ICG for providing an opportunity to conduct the event within the premises of the shipyard that built the ship. He also added that today being the birth anniversary of Swami Vivekananda, this is perhaps the most auspicious day for a ship to be commissioned into active service. Cmde Hari also stated that so far GRSE has delivered 36 ships to the ICG and the shipyard is fully seized of the aspirations of the ICG in terms of fleet expansion and expressed his confidence that GRSE would be a major partner in the growth plans of ICG.
DG Pathania ICG, in his address stated that the ship is being commissioned at a very opportune time to meet the formidable challenges that emanate from the sea. Complementing the design of the ship, he added that its highly ergonomic state-of-the-art equipment adds to the prowess of ICG's capabilities for undertaking multifaceted task as defined by Coast Guard mandate. He also expressed his sincere appreciation to team GRSE Kolkata, for the remarkable effort towards the delivery of the ship within the contracted timeline.
On 13 Jan 21, GRSE and T&HD, Government of Guyana signed the contract for the construction of the Ocean-Going Vessel. The Shipyard bagged this prestigious export contract through competitive bidding. The ship was launched on 15 Jun 2022 by Mrs Joan Edghill the spouse of Hon'ble Bishop Juan Anthony Edghill, Minister of Public Works, the Cooperative Republic of Guyana and within six months GRSE achieved the 'Technical Acceptance' of the vessel on 16 Dec 22. 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 designed by the GRSE in-house design team and can accommodate 294 passengers (including 14 crew members) along with 14 cars, 02 trucks, and 14 containers & cargo. The vessel shall operate in the coastal and riverine area of Northwest District of Guyana. The Indian built vessel plying in Guyana would herald in better ties between the two nations.
During the Flag off Ceremony of Ocean-Going Passenger & Cargo Ferry Vessel for the Cooperative Republic of Guyana, Cmde PR Hari, IN (Retd,), CMD GRSE mentioned that the project is very unique as compared to other projects where the the shipyard has adopted a unique strategy by partnering with a smaller shipyard by evolving an effective PPP model. He complemented the Design, Quality Assurance and Project Management teams for their stellar efforts in ensuring timely completion of the project.
Over the last 62 years, GRSE has built 789 platforms, from Frigates, Corvettes, Fleet Tankers, Landing Ship Tanks, Landing Craft Utilitys, Survey Vessels, Offshore Patrol Vessels and Fast Attack Craft. In 2006, the shipyard was conferred the status of a Miniratna Category I Company.
A few months ago, GRSE became the only defence shipyard in the country to receive the Raksha Mantri Award 2022 for designing the most silent ship for the Indian Navy for Anti-Submarine Warfare operations. Earlier, we have received the Defence Minister's Award for Excellence for In-house Design Effort for the Offshore Patrol Vessel exported to Mauritius and 'Best Performing Defence Shipyard of India' for Four Years in a row.
GRSE is on a growth path, pursuing its vision to be globally acknowledged as the 'Best Shipyard in India' and reaffirming its motto "In Pursuit of Excellence and Quality in Shipbuilding" while upholding the Atmanirbharta pledge.
