Latest news with #GardenReachShipbuildersandEngineers
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First Post
3 days ago
- Business
- First Post
INS Arnala: 10 things about India's first home-made anti-submarine warfare small ship
The warship is mostly indigenous, with over 80 per cent content locally sourced. The name of this ship has been inspired by the historic Arnala Fort off Vasai, Maharashtra read more Indian Navy personnel and officials of Garden Reach Shipbuilders and Engineers (GRSE), Kolkata, during the handover ceremony of 'Arnala' on May, 8, 2025. (Photo: PTI/File) The Indian Navy is all set to commission its first indigenous-built Anti-Submarine Warfare Shallow Water Craft (ASW-SWC) at the Naval Dockyard in Visakhapatnam on June 18. Named INS Arnala, the warship is first among the 16 such vessels being designed and constructed by Garden Reach Shipbuilders and Engineers (GRSE), Kolkata, in partnership with L&T Shipbuilders under a Public-Private Partnership model. The Indian Navy received the delivery of the ship on May 8. STORY CONTINUES BELOW THIS AD The Indian Navy said in a statement on Friday, 'The event marks the formal induction of the first of the sixteen ASW-SWC class ships into the Indian Navy. Designed and constructed by Garden Reach Shipbuilders & Engineers (GRSE), Kolkata, under a Public-Private Partnership (PPP) with Larsen & Toubro (L&T) Shipbuilders, Arnala is a testament to the success of the Aatmanirbhar Bharat (self reliant India) initiative in defence manufacturing." Here are key facts to know about INS Arnala The warship is mostly indigenous, with over 80 per cent content locally sourced. Most of the systems on this ship have been put together by Indian defence companies such as Bharat Electronics Limited (BEL), L&T, Mahindra Defence, and MEIL. A total of 55 Micro, Small, and Medium Enterprises (MSMEs) contributed to the development of the ship, helping strengthen domestic defence industries. INS Arnala is 77 metres in length with a gross weight of exceeding 14,90 tonnes. It employs a Diesel Engine-Waterjet system. The Indian Navy can deploy this warship in anti-submarine warfare operations, including subsurface surveillance, search and rescue, and low-intensity maritime missions. The name of this ship has been inspired by the historic Arnala Fort off Vasai, Maharashtra. The fort was built by the Marathas in 1737 and is strategically located to face the Vaitarna River mouth. The ship's crest showcases a stylised Auger Shell on a blue backdrop, representing resilience, vigilance, and supremacy in demanding conditions. The Auger Shell, with its spiralling, fortified structure and precise tip, embodies resilience, vigilance, survival, and dominance in harsh environments, reflecting the ship's ability to endure the ocean's relentless forces and execute precise anti-submarine operations. The ship's motto, 'Arnave Shauryam,' written in Devanagari beneath the crest, translates to 'Valour in the Ocean,' capturing the vessel's operational spirit. The induction ceremony will be led by General Anil Chauhan, Chief of Defence Staff, and hosted by Vice Adm Rajesh Pendharkar, Flag Officer Commanding-in-Chief, Eastern Naval Command.
India Today
4 days ago
- General
- India Today
Navy to commission first anti-submarine shallow water warship 'Arnala' on June 18
The Indian Navy is set to commission its first Anti-Submarine Warfare Shallow Water Craft (ASW-SWC), named Arnala, at the Naval Dockyard in Visakhapatnam on June is the first of the 16 vessels in the ASW-SWC class, designed and constructed by Garden Reach Shipbuilders and Engineers (GRSE), Kolkata, in partnership with L&T Shipbuilders under a Public-Private Partnership vessel was delivered to the Indian Navy on May 8, following oversight by the Directorate of Ship Production and the Warship Overseeing Teams located in Kolkata and IS SPECIAL ABOUT ARNALA? Over 80 per cent of 'Arnala' content is indigenous, featuring systems integrated by leading Indian defence companies such as Bharat Electronics Limited (BEL), L&T, Mahindra Defence, and MEIL. The construction process engaged more than 55 Micro, Small, and Medium Enterprises (MSMEs), contributing to the domestic defence manufacturing 77 meters in length with a gross tonnage exceeding 14,90 tonnes, Arnala is the largest Indian Naval warship propelled by a Diesel Engine-Waterjet system. It is configured for a range of anti-submarine warfare operations, including subsurface surveillance, search and rescue, and low-intensity maritime THE NAME 'ARNALA'The warship is named after the historic Arnala Fort off Vasai, Maharashtra, reflecting India's rich maritime in 1737 by the Marathas, the fort was strategically located to monitor the Vaitarna River mouth and defend the northern Konkan coast. The ship's design reflects this heritage through its robust construction and advanced capabilities aimed at ensuring resilience and strength in maritime CRESTadvertisementThe ship's crest features a stylised Auger Shell against a blue background, symbolising resilience, vigilance, and dominance in challenging Auger Shell, known for its spiralling, reinforced structure and precision tip, symbolises resilience, vigilance, survival, and dominance in challenging environments, which mirrors the essence of the ship, built to withstand the relentless forces of the ocean and undertake flawless anti-submarine operations with precise ordnance on target. SHIP'S MOTTOThe ship's motto is inscribed beneath the crest in Devanagari, as 'Arnave Shauryam". This translates to 'Valour in the Ocean,' reflecting the vessel's operational commissioning of Arnala will mark a transformative moment in the Indian Navy's coastal defence capabilities and supports the broader objective of self-reliance in maritime security within the Indian Ocean Region.
Business Standard
6 days ago
- Business
- Business Standard
GRSE soars after MOU to build India's first Polar Research Vessel
Garden Reach Shipbuilders and Engineers (GRSE) surged 7.49% to Rs 3385.85 after the company inked a milestone MoU with Norway's Kongsberg Oslo to build India's first indigenous Polar Research Vessel (PRV). The project, to be executed at GRSE's Kolkata yard, will support deep-sea research in polar and southern oceans. The PRV will be equipped with cutting-edge scientific instruments and developed in partnership with the National Centre for Polar and Ocean Research (NCOPR), aligning with the governments 'Make in India' push. Union Minister Sarbananda Sonowal, currently in Norway for the Nor-Shipping event, noted that Indian shipyards now hold 11% of the Norwegian Shipowners Associations order book, showcasing Indias rising stature in global shipbuilding. GRSE is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily serves the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. As of 31 March 2025, the Government of India holds 74.50% in the company. The company's standalone net profit surged 118.87% to Rs 244.24 crore while revenue from operations jumped 61.66% to Rs 1,642.03 crore in Q4 FY25 over Q4 FY24.
India Today
6 days ago
- Business
- India Today
GRSE shares jump 10% today: What's fuelling the rally?
Garden Reach Shipbuilders and Engineers (GRSE) shares rose by up to 10% following the signing of a Memorandum of Understanding (MoU) with Kongsberg Oslo. This strategic move has drawn the attention of investors and industry observers. The collaboration aims at developing India's first Polar Research the Bombay Stock Exchange, GRSE shares were trading 5.16% higher at Rs 3,312.50, after hitting an intraday high of Rs 3,464.85. Around 1:05 pm, the shares continued to be 5.16% Minister Sarbananda Sonowal attended the signing ceremony on June 3 in Oslo, emphasising the strategic importance of the deal. The shares of GRSE reflected a 10% increase, showcasing the market's positive response. This agreement represents India's efforts to enhance scientific research capabilities with the construction of the Polar Research Vessel (PRV).The PRV will be equipped with advanced scientific technology to explore marine ecosystems and study the planet's historical and environmental changes. Minister Sonowal highlighted the commitment to scientific progress and sustainable addition to this collaboration, GRSE has emerged as the lowest bidder for the Indian Navy's Next Generation Corvettes (NGC) project, which is valued at over Rs 25,000 crore. This is expected to significantly expand GRSE's order book by constructing five of the eight planned corvettes, reinforcing its role in the defence faced a challenge when the Bangladesh government cancelled a $21 million order for an ocean-going tug. Nonetheless, GRSE's stock performance remains strong, showing a 100% increase this year and a 629% rise over the past two this, analysts hold a 'Hold' rating on the stock due to an average target price of Rs 2,341, suggesting a potential downside of nearly 30% from current his Oslo visit, Minister Sonowal participated in discussions on ocean business, aligning with India's "MAHASAGAR" initiative—Growth for All, which reflects broader objectives to enhance maritime capabilities and sustainable analysts recommend caution with a 'Hold' rating on GRSE shares, the long-term outlook remains promising as the government invests in the defence and research sectors. This strategic partnership, complemented by potential defence contracts, is expected to support GRSE's growth path.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
Time of India
6 days ago
- Business
- Time of India
GRSE shares hit 10% upper circuit after MoU with Norway's Kongsberg for India's first polar research vessel
Shares of Garden Reach Shipbuilders and Engineers (GRSE) hit the 10% upper circuit at Rs 3,464.8 on Wednesday after the company signed a Memorandum of Understanding (MoU) with Norway's Kongsberg Oslo to support the indigenous construction of India's first-ever Polar Research Vessel (PRV). The MoU was signed on June 3 in Oslo in the presence of Sarbananda Sonowal , Union Minister for Ports, Shipping, and Waterways. Commenting on the development, Sonowal said the agreement "signals India's unwavering commitment to scientific advancement and sustainable development." He noted that the vessel will feature advanced scientific equipment, enabling deep-sea research, marine ecosystem studies, and further exploration into the planet's past, present, and future. During his visit, Sonowal also participated in ministerial discussions on shipping and ocean business, reaffirming India's vision of "MAHASAGAR"—Growth for All. Also read: Exclusive | Sensex will hit 1.5 lakh by 2030 & 3 lakh by 2035! Raamdeo Agrawal makes big prediction Live Events Earlier, in May, GRSE announced that it had emerged as the lowest bidder (L1) for the Indian Navy's Next Generation Corvettes (NGC) project, worth over Rs 25,000 crore. In a regulatory filing, GRSE confirmed its participation in a Commercial Negotiation Committee (CNC) meeting convened by the Ministry of Defence on May 21 for the opening of bids to acquire eight NGC ships. Of these, GRSE is expected to be awarded five vessels. This move significantly strengthens the company's order book and reinforces its position in the defence shipbuilding sector. Separately, GRSE also disclosed in May that the Bangladesh government had cancelled a $21 million (around Rs 180 crore) order for the construction of an advanced ocean-going tug. Also Read: India's top 10 priciest stocks in 2025: MRF to Elcid, see who tops the list GRSE Share Price Target and Performance According to Trendlyne, the average target price for GRSE is Rs 2,341, implying a potential downside of nearly 30% from current levels. Of the two analysts tracking the stock, the consensus rating is 'Hold'. The stock has surged 168% in the past three months and 629% over the last two years. GRSE's current market capitalisation stands at Rs 38,603 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
