Press Releases 2026-27 - Quarter 4

PRESS RELEASE

Commitment, Consistency and Capability; GRSE Honoured at 12th Governance Now PSU Awards

Kolkata (14 March, 2026): Garden Reach Shipbuilders & Engineers Ltd (GRSE) has been honoured with multiple accolades at the Governance Now 12th PSU Awards, recognising the company’s leadership, strong financial performance and contribution to advancing self-reliance in the defence and maritime sector.

The company was recognised in the categories of Promoting Self-Reliance (Aatmanirbhar Bharat), CMD/ MD of the Year and Best Overall Financial Performance (Best Growth and Consistency).

These honours reaffirm GRSE’s sustained focus on operational excellence, robust financial growth, and its commitment to strengthening India’s indigenous defence and shipbuilding capabilities.

The Governance Now PSU Awards are organised annually by Governance Now, a leading publication on public policy and governance, to recognise outstanding achievements and best practices among Public Sector Undertakings contributing to national development.

About GRSE

The journey of Garden Reach Shipbuilders & Engineers Ltd., a Defence Public Sector Undertaking, under the administrative control of Ministry of Defence, and a Schedule A Mini Ratna Category I company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. GRSE has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961.

GRSE also built the first ever Indian Export Warship CGS Barracuda for Govt. of Mauritius, a Fast Patrol Vessel SCG PS Zoroaster for Seychelles and an Ocean-Going Cargo & Passenger Ferry Vessel MV Ma Lisha for Cooperative Republic of Guyana. The shipyard was conferred the status of a Miniratna Category I Company in 2006.

GRSE is the only Indian Shipbuilder to have four distinct shipyards as an unique infrastructure advantage. GRSE has built over 800 platforms including 112 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - 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 shipbuilding & ship repair, 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 Raksha Mantri Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Ministers Award for Excellence 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 modernization over past decades and can undertake concurrent construction of 28 ships at a time. Team of highly skilled design engineers and state of art VR Lab & latest software aid in 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

Multiple Accolades including Top Leadership Honour at 15 th ICC Awards

Kolkata/New Delhi (09 March, 2026): Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has been recognised with multiple honours at the 15th PSE Conclave & Excellence Awards organised by the Indian Chamber of Commerce in New Delhi, reaffirming its strong leadership and all-round performance across key domains of the public sector.

The prestigious ‘CMD of the Year’ award was conferred on Cmde PR Hari, IN (Retd.), Chairman & Managing Director, GRSE, in recognition of his leadership in strengthening the Company’s operational capabilities, expanding its order book and driving sustained organisational growth.

Complementing this recognition, the Company also secured top honours in Corporate Governance and CSR & Sustainability, along with recognition in Operational Performance Excellence and Contribution of Women & Differently Abled in PSEs, underscoring its consistent, well-rounded institutional performance. The honours were conferred at a formal ceremony in the presence of industry representatives and distinguished guests.

TThese recognitions reaffirm GRSE’s commitment to excellence, transparency and sustainable growth, further consolidating its position as one of India’s leading defence shipbuilding organisations.

About GRSE

The journey of Garden Reach Shipbuilders & Engineers Ltd., a Defence Public Sector Undertaking, under the administrative control of Ministry of Defence, and a Schedule A Mini Ratna Category I company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. GRSE has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961.

GRSE also built the first ever Indian Export Warship CGS Barracuda for Govt. of Mauritius, a Fast Patrol Vessel SCG PS Zoroaster for Seychelles and an Ocean-Going Cargo & Passenger Ferry Vessel MV Ma Lisha for Cooperative Republic of Guyana. The shipyard was conferred the status of a Miniratna Category I Company in 2006.

GRSE is the only Indian Shipbuilder to have four distinct shipyards as an unique infrastructure advantage. GRSE has built over 800 platforms including 112 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - 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 shipbuilding & ship repair, 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 Raksha Mantri Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Ministers Award for Excellence 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 modernization over past decades and can undertake concurrent construction of 28 ships at a time. Team of highly skilled design engineers and state of art VR Lab & latest software aid in 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.