Garden Reach Shipbuilders & Engineers Limited (GRSE).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 2,550 crore (provisional & unaudited) for FY 2022-23.
The company maintained its momentum through FY’22-23 achieving a remarkable revenue growth of 45 percent. GRSE also signed the contract with Ministry of Defence for construction of four next generation offshore patrol vessels (NGOPVs) on March 30. This Rs 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 GRSE . 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.
