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Mazagon Dock Proposes Anchor Investment for 29,000 Crore Andhra Shipbuilding Project

Newsmantra — Mon, 08 Jun 2026 13:44:43 +0000

MUMBAI. Mazagon Dock Shipbuilders Limited, India’s leading defense shipyard, has expressed strong interest in becoming the anchor investor for an ambitious 29,253 crore rupee mega shipbuilding cluster at Dugarajapatnam in the Tirupati district of Andhra Pradesh. The massive greenfield project spans nearly 2,000 acres and targets an annual capacity of 1.2 million gross tonnage, significantly boosting the country’s maritime sector and self-reliance goals. Under the proposed development framework, the government will contribute 5,289 crore rupees for land and marine infrastructure, while the anchor investor will fund 23,964 crore rupees for core shipbuilding facilities. A 50:50 joint venture named National Shipbuilding and Heavy Industries Park Andhra Pradesh Limited has already been established between the Andhra Pradesh Maritime Board and the Visakhapatnam Port Authority to oversee and execute the project.

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GRSE Honoured at Governance Now PSU IT Awards for Technology-Driven Excellence

Newsmantra — Fri, 05 Jun 2026 06:19:51 +0000

Kolkata (04 Jun, 2026): Garden Reach Shipbuilders & Engineers Ltd (GRSE) has been conferred with the “Best IT Implementation Project” Award at the 11^th Governance Now PSU IT Awards on 29 May 26, at Hotel Eros, Nehru Place, New Delhi. The award was presented by Shri Anurag Thakur, Member of Parliament, adding another milestone to GRSE’s digital transformation journey.

The recognition marks GRSE’s third consecutive win at the Governance Now PSU IT Awards and highlights the organisation’s sustained focus on adopting advanced digital solutions across its operational and business domains. Earlier, GRSE had received the “Best Use of Emerging Technologies” Award in 2024, followed by the “Digital Transformation Excellence” Award in 2025.

The latest recognition underscores GRSE’s sustained efforts in leveraging advanced digital technologies to strengthen operational efficiency, optimize business processes and drive innovation across the organisation. The shipyard continues to align its digital transformation initiatives with the Government of India’s Digital India Vision, with focus on smart systems, automation, data-driven decision making and a future-ready workforce.

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Govt has approved the additional charge of Cochin Shipyard Limited CMD has been extended to Shri Jose V J, Director (Finance)

Newsmantra — Tue, 02 Jun 2026 11:32:41 +0000

NEW DELHI. Govt has approved the additional charge of Cochin Shipyard Limited CMD has been extended to Shri Jose V J, Director (Finance), for three months with effect from May 1, 2026 or until further orders. The decision ensures continuity in senior leadership at the company until a regular CMD is appointed or further orders are issued.

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GRSE’s 67th Raising Day Celebrates Legacy that Leads

Newsmantra — Fri, 24 Apr 2026 08:26:29 +0000

Kolkata, April 22, 2026: Garden Reach Shipbuilders & Engineers Ltd. (GRSE), today celebrated its 67th Raising Day with great enthusiasm and pride at its Main Unit Auditorium, Kolkata.

The historic day commenced with the rendition of the National Song ‘Vande Mataram’, setting a patriotic tone for the occasion. The celebration was graced by Cmde PR Hari, IN (Retd.), Chairman & Managing Director, along with Cdr Shantanu Bose, IN(Retd.), Director (Shipbuilding), Capt (IN) P Sunilkumar, (Retd.), Director (Corporate Planning & Personnel), Shri Niranjan Bhalerao, Director (Finance), Shri Abhishek Ranjan, IOFS, CVO, and other senior officials and employees of GRSE.

During the event, Cmde PR Hari, CMD, GRSE, formally unveiled the annual in-house journal ‘GRSE Varta 2026’. Merit awards were presented to employees’ children, and employees were recognized for their exemplary performance across various categories. Cultural activities performed by GRSE employees added to the festive spirit of the occasion.

The 67th Raising Day celebration reaffirmed GRSE’s enduring commitment to excellence, teamwork and its pivotal role in strengthening the nation’s maritime capabilities.

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