1 week ago
GRSE Plans Rs 2,670 Crore Expansion Across West Bengal
GRSE is a company that builds ships for India.
It plans to spend about Rs 2,670 crore in West Bengal.
The money will support three shipbuilding facilities.
A new shipyard will be built at Raichak for large vessels.
Facilities in Kolkata and Shalimar will also be improved.
GRSE says India has built about 270 warships so far.
The company says up to 80 percent of the parts in its last three projects were made in India.
After the expansion, GRSE expects to build up to 32 platforms at the same time.
Garden Reach Shipbuilders and Engineers will invest about Rs 2,670 crore across three West Bengal facilities.
GRSE plans a new standalone shipyard at Raichak to build large vessels.
Existing facilities in Kolkata and Shalimar will be upgraded for different ship types.
GRSE says it has launched 24 warships and delivered 22 since 2019.
The expansion is expected to raise GRSE’s simultaneous shipbuilding capacity from 28 to 32 platforms.
- Who
- Garden Reach Shipbuilders and Engineers, led by Chairman and Managing Director Commodore P.R. Hari (Retd.).
- What
- GRSE plans to invest about Rs 2,670 crore to develop and upgrade three shipbuilding facilities.
- Where
- West Bengal, including a planned shipyard at Raichak and existing facilities in Kolkata and Shalimar.
- When
- The announcement was made on Sunday; no specific date was provided.
- Why
- To expand shipbuilding capacity and support the construction of large, medium-sized and small vessels, boats, ferries and S-type vessels.
Key facts
- Planned investment
- About Rs 2,670 crore
- State
- West Bengal
- New facility
- Standalone shipyard planned at Raichak in South 24 Parganas
- Existing facilities
- Kolkata and Shalimar in Howrah
- Warships launched since 2019
- 24
- Warships delivered since 2019
- 22
- Projected simultaneous capacity
- 32 platforms, up from 28
Quotes
Commodore P.R. Hari
Chairman and Managing Director of Garden Reach Shipbuilders and Engineers
“Defence Minister Rajnath Singh has always stood by us and we are grateful to him.”
thehansindia.com
“The last two projects we delivered were completed ahead of schedule.”
thehansindia.com
Sources
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