Latest news with #DefencePSUGardenReachShipbuildersandEngineers
New Indian Express
4 days ago
- Business
- New Indian Express
8th anti-submarine ship rolls out of Garden Reach
Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd has released the eighth and last ship in a series of anti-submarine warfare shallow water crafts (ASW SWCs) built for the Indian Navy. The ship, named Ajay, was inaugurated at an event in Kolkata on July 21. These ships are versatile platforms and can participate in a variety of operations. Designed with low draughts, the crafts are capable of coastal operations, Low Intensity Maritime Operations, and mine-laying. These 77.6-metre-long and 10.5-metre-wide warships are also capable of full-scale sub-surface surveillance in coastal waters and pack a lethal anti-submarine armory comprising lightweight torpedoes, ASW rockets and mines. Old city ghat set for renovation, deal inked In a significant step towards urban renewal and preservation of heritage spaces, the Syama Prasad Mookerjee Port, Kolkata and TNS Logi-Park Pvt Ltd have entered an agreement to breathe new life into historic Doi-Ghat at the heart of the old metropolis. Located on the banks of the Hooghly River, at the confluence of Adi Ganga stream and the main channel, Doi-Ghat derives its name from the Bengali word for curd (doi), reflecting its historical link to the local dairy trade. Once a bustling commercial hub, the ghat served as a market where curd and other goods arrived in earthen pots, especially from Howrah, renowned for its dairy produce. At the intersection of key waterways, Doi-ghat had emerged as a centre for trade and daily dialogue between rural Bengal and the emeging metropolis of 'Calcutta'.
The Hindu
21-07-2025
- Business
- The Hindu
GRSE launches last of 8 anti-submarine warfare ships for Indian Navy
Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) on Monday (July 21, 2025) launched the eighth and last ship, in a series of anti-submarine warfare shallow water crafts, built for the Indian Navy. The ship, named Ajay, was launched by Priya Deshmukh, wife of Vice Admiral Kiran Deshmukh, chief of materiel of the Indian Navy, who was the chief guest at a function in Kolkata. The Kolkata-based warship maker has built eight anti-submarine warfare shallow water crafts for the Indian Navy, a GRSE official said. These ships are versatile platforms and can participate in a variety of operations, he said. The GRSE official also said these ships are designed and built with low draughts and are thus capable of coastal operations, he said. They are equally capable of low-intensity maritime operations and laying mines, he said. "These 77.6-metre-long and 10.5-metre-wide warships are also capable of full-scale sub-surface surveillance in coastal waters and can carry out operations against surface platforms as well," he said. They can carry out coordinated anti-submarine operations with aircraft. These warships pack a lethal anti-submarine suite comprising lightweight torpedoes, ASW rockets and mines, the official added.
New Indian Express
23-05-2025
- Business
- New Indian Express
Garden Reach Shipyard to construct Rs 25,000 crore next-gen Corvettes for Navy
NEW DELHI: The Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) on Thursday won the contract to construct the Indian Navy's Next Generation Corvettes (NGC) as it emerged as the lowest bidder (L1) in a bidding process. Meanwhile, an order of around 180 crore from Bangladesh stands cancelled. The GRSE in a statement said, "The shipyard participated in the competitive bidding process and has emerged as lowest bidder. GRSE will thus be awarded the contract to build five (05) Next Generation Corvettes at an estimated cost of approximately Rs 25,000 crore." As per GRSE, "These Next-Generation Corvettes shall be capable of fulfilling the roles of Offensive SSM attack, Anti-Missile Defence, Surface Action Groups for Maritime Strikes, ASW and many other Maritime Operations. The warship will also incorporate Green Warship design features, energy efficient & environment friendly technologies." GRSE is already building four Next Generation Offshore Patrol Vessels (NGOPV) for the Navy, apart from three Advanced Guided Missile Frigates, eight Anti-Submarine Warfare Shallow Water Crafts of which one has already been delivered to Indian Navy and four Survey Vessels (Large) of which two have been delivered.
The Print
14-05-2025
- Business
- The Print
Defence PSU GRSE posts 48 pc growth in net profit in FY'25
The total income of the Kolkata-based warshipbuilder for 2024-25 stood at Rs 5,411 crore as against Rs 3,892 crore in 2023-24, the GRSE official said in a statement. The company posted a 39 per cent growth in total income in FY'25, as compared to the previous financial year. Kolkata, May 13 (PTI) Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd has recorded a profit after tax (PAT) of Rs 527 crore in 2024-25, registering a growth of 48 per cent over Rs 357 crore of net profit in the previous fiscal, an official said on Tuesday. The earnings per share (EPS) for 2024-25 stood at Rs 46.04, against Rs 31.19 in 2023-24, he said. GRSE declared a total dividend at the rate of 138.5 per cent of paid-up share capital against 93.6 per cent in the previous year, he said. Commenting on the results, GRSE chairman and managing director Commodore P R Hari (Retd) said, 'With our strong order book, production maturity of the ongoing projects and order visibility including in the commercial shipbuilding segment, I am confident of even better performance during the current financial year.' PTI AMR BDC This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
13-05-2025
- Business
- Time of India
Defence PSU GRSE FY25 profit surges 48% to Rs 527 crore
Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd has recorded a profit after tax (PAT) of Rs 527 crore in 2024-25, registering a growth of 48 per cent over Rs 357 crore of net profit in the previous fiscal, an official said on Tuesday. The company posted a 39 per cent growth in total income in FY'25, as compared to the previous financial year. Tired of too many ads? Remove Ads Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd has recorded a profit after tax (PAT) of Rs 527 crore in 2024-25, registering a growth of 48 per cent over Rs 357 crore of net profit in the previous fiscal, an official said on Tuesday. The company posted a 39 per cent growth in total income in FY'25, as compared to the previous financial total income of the Kolkata-based warshipbuilder for 2024-25 stood at Rs 5,411 crore as against Rs 3,892 crore in 2023-24, the GRSE official said in a earnings per share (EPS) for 2024-25 stood at Rs 46.04, against Rs 31.19 in 2023-24, he declared a total dividend at the rate of 138.5 per cent of paid-up share capital against 93.6 per cent in the previous year, he on the results, GRSE chairman and managing director Commodore P R Hari (Retd) said, "With our strong order book, production maturity of the ongoing projects and order visibility including in the commercial shipbuilding segment, I am confident of even better performance during the current financial year."
