Latest news with #PRHari
India.com
23-05-2025
- India.com
More bad news for Pakistan, Bangladesh, China as India develops new powerful weapon named...., its dangerous due to....
More bad news for Pakistan, Bangladesh, China as India develops new powerful weapon named...., its dangerous due to.... Kolkata-based Gardenrich Shipbuilders and Engineers Limited (GRSE) has successfully conducted the first sea trial of indigenous 30 mm Naval Surface Gun for the Indian Navy. The test was conducted using indigenous electro optical fire control system. The test was conducted on an anti-submarine warfare shallow water craft designed and built by GRSE, which is a milestone for the company. Warship builder Defence PSU Gardenrich Shipbuilders and Engineers Limited (GRSE), Kolkata has now stepped into the field of weapon manufacturing and achieved a major milestone by successfully sea testing the first indigenously built 30 mm Naval Surface Gun (NSG) for the Indian Navy. This information was given by the company in an official statement on Thursday. It was told that it was successfully tested with accurate targeting using indigenous electro-optical fire control system. The successful sea trials conducted on one of the Anti-Submarine Warfare Shallow Water Craft (ASW SWC) designed and built by GRSE is a milestone for GRSE, which is moving towards becoming a competent weapons manufacturing company besides being a shipbuilder for the country, a company official said. Indian Navy orders 30mm for the first time The official said that this significant achievement has been made possible by a very strong collaboration between GRSE and M/s BHSEL (Hyderabad) as well as M/s Elbit Systems Land, who are the technology and production partners for the gun project. The Indian Navy had placed the first order for 10 indigenous Naval Surface Guns of 30 mm with GRSE. Where is this surface gun used? This surface gun is used in warships and is very powerful. The 30mm naval surface gun will be primarily installed as a primary weapon on smaller ships and as a secondary weapon on larger ships to deal with fast moving surface threats/targets. Surface gun will prove beneficial for Indian Navy The officer said that this surface gun has undergone rigorous quality checks at the factory before extensive sea trials with firing on live targets. The gun system is highly accurate and reliable and will prove to be an extremely powerful addition to the Indian Navy's arsenal of technologically superior weapon systems. GRSE Chairman and Managing Director (CMD) Commodore PR Hari expressed pride in its range of products from warships to weapons. The company says that now we are capable of making not only warships but also indigenous weapons. Established a new business segment for gun manufacturing The official said that in its efforts towards self-reliance in defence manufacturing, GRSE has undertaken an ambitious project for indigenisation of technologically advanced weapon systems like 30 mm naval surface gun. For this, the company has set up a new business segment which will manufacture and supply naval guns equipped with electro-optical fire control system for the Indian Navy and Indian Coast Guard.
Hindustan Times
14-05-2025
- Business
- Hindustan Times
GRSE shares surge 14.89% after strong Q4 and FY 2024-25 financial results
Shares of Garden Reach Shipbuilders & Engineers Ltd (GRSE) jumped 14.89% to ₹2,200 apiece on the National Stock Exchange on Wednesday, May 14, following the release of its robust financial results for the fourth quarter and full fiscal year 2024-25. Defence PSU GRSE Ltd has recorded a profit after tax (PAT) of ₹527 crore in 2024-25, registering a growth of 48 per cent over ₹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 Fiscal Year 2025, as compared to the previous financial year. The total income of the Kolkata-based warshipbuilder for 2024-25 stood at ₹5,411 crore as against ₹3,892 crore in 2023-24, the GRSE official said in a statement. The earnings per share (EPS) for 2024-25 stood at ₹46.04, against ₹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."
