1 week ago
GRSE, Yantra India Announce Rs 3,420 Crore Defence Projects
Two government-owned defence companies are planning to build and improve factories in West Bengal.
Garden Reach Shipbuilders and Engineers, or GRSE, will spend Rs 2,670 crore on three projects.
Its biggest project will create a shipbuilding hub at Raichak.
The hub is planned to build large warships and commercial vessels.
GRSE will also upgrade facilities in Shalimar and Kidderpore for ship repairs and smaller boats.
Yantra India will spend more than Rs 750 crore at two facilities in Ishapore.
These plants will make items such as gun barrels, ammunition parts and special metal components.
The companies say the projects can create jobs, help smaller businesses and reduce the need for imports.
Garden Reach Shipbuilders and Engineers will invest Rs 2,670 crore across three West Bengal projects.
The largest GRSE project is a Rs 2,500 crore shipbuilding hub at Raichak.
GRSE will also spend Rs 100 crore at Shalimar and Rs 70 crore at Kidderpore.
Yantra India will invest over Rs 750 crore in two Ishapore metal and steel facilities.
The projects are intended to expand defence manufacturing, reduce imports, generate jobs and support MSMEs.
- Who
- Garden Reach Shipbuilders and Engineers and Yantra India, both operating under India’s Ministry of Defence.
- What
- The companies announced projects totaling Rs 3,420 crore to expand shipbuilding and defence manufacturing.
- Where
- The projects are located in West Bengal, including Raichak, Shalimar, Kidderpore and Ishapore.
- When
- The projects were inaugurated on Monday, according to the report; the article does not provide a calendar date.
- Why
- The stated aims are to expand manufacturing capacity, support defence and maritime requirements, reduce import dependence, generate employment and create opportunities for ancillary industries and MSMEs.
Key facts
- Total investment
- Rs 3,420 crore
- GRSE investment
- Rs 2,670 crore across three West Bengal projects
- Raichak project
- Rs 2,500 crore shipbuilding hub designed for warships up to 200 metres and commercial vessels up to 60,000 DWT
- Other GRSE projects
- Rs 100 crore for the Timber pond facility at Shalimar and Rs 70 crore at Damodar in Kidderpore
- Yantra India investment
- More than Rs 750 crore across two facilities in Ishapore
- Yantra India facilities
- Rs 473.38 crore for a radial forging plant and Rs 277.59 crore for a plant producing gun barrels, ammunition components and heavy defence forgings
- Reported market reaction
- GRSE’s share price rose 1% in Monday’s intraday trade
Quotes
Garden Reach Shipbuilders & Engineers
Navratna public sector shipbuilder and defence company
“The three projects of GRSE mark a significant step towards enhancing the shipyard’s manufacturing capacity and infrastructure, enabling the company to meet the growing requirements of the Maritime Forces and other defence and maritime stakeholders.”
financialexpress.com
“With Industry 4.0 and energy-efficient technologies, the facilities will enhance high-end manufacturing, reduce import dependence and support the defence, railway and strategic sectors.”
financialexpress.com
Sources
Related news
Rajnath Singh Unveils ₹3,500 Crore Defence Expansion in Bengal
Rajnath Singh Launches ₹3,500 Crore Bengal Defence Expansion
GRSE Plans Rs 2,670 Crore Expansion Across West Bengal
West Bengal Seeks Investment Through Defence, Shipbuilding Expansion Projects
Rajnath Singh Says Bengal Could Lead India’s Industrial Renaissance
GRSE Plans Rs 2,500 Crore Expansion for Global Growth
Rajnath Singh Urges DPSUs to Deliver Faster, Lead Globally
West Bengal Plans Hybrid-Electric River Tourism Along Hooghly
India’s 100-Vessel Plan Puts Five Maritime Stocks in Focus
