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The total value of this contract is Rs $62.44 million.
This agreement represents an extension of the successful partnership between GRSE and Carsten Rehder, following the ongoing 7,500 DWT multi-purpose vessel (MPV) project currently under execution in Kolkata.
GRSE has ventured into construction of these four hybrid propulsion MPVs with a provision of additional two vessels of hybrid propulsion type. This milestone underscores the shipyard’s expanding global footprint in commercial & green shipbuilding.
These MPVs will be 120 metres long and 17 metres wide, with a maximum draft of 6.75 metres. The vessels are designed to carry 7,500 metric tonnes of cargo in a single large cargo hold, capable of accommodating bulk, general, and project cargoes. Containers can also be carried on hatch covers.
Garden Reach Shipbuilders & Engineers is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to 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 net profit jumped 37.84% to Rs 120.18 crore on a 29.73% increase in revenue to Rs 1,309.87 crore in Q1 FY26 over Q1 FY25.
The scrip shed 0.86% to end at Rs 2604.10 on the BSE on Friday.
a) Deendayal Port Authority, Kandla b) Syama Prasad Mookerjee Port Authority, Kolkata c) Indian Port Rail & Ropeway Corporation d) The Shipping Corporation of India e) Modest Infrastructure
Cmde PR Hari, IN (Retd.), Chairman & Managing Director, GRSE, said, “We at GRSE are proud to be a part of this historic programme launched by Hon'ble Prime Minister Shri Narendra Modi to revitalise India's shipbuilding sector and realise the ambition of positioning India among the world's top five shipbuilding nations by 2047. Against this backdrop, GRSE's MoUs reinforce its role as a key contributor to India's shipbuilding resurgence and maritime self-reliance. The MoUs signed today represent a concrete step towards creating an ecosystem where shipyards, ports, operators, and infrastructure partners work in unison. With our legacy of delivering world-class warships and our growing foray into commercial shipbuilding, GRSE is fully committed to supporting the Aatmanirbhar Bharat and Maritime Amritkal vision. Together with our partners, we aim to build sustainable, green, and globally competitive solutions that will shape the future of Indian shipbuilding.”
These MoUs create a structured framework for GRSE and its partners to explore and jointly develop projects across multiple domains, newbuild construction (including green / low emission vessels), ship repair, construction of green tugs as per GTTP specifications, development and maintenance of port infrastructure, jetty and berth development, multimodal logistics and last-mile connectivity, and related civil, rail and ropeway infrastructure for ports and terminals.
This agreement represents a natural extension of the successful partnership between GRSE and Carsten Rehder, following the ongoing 7,500 DWT Multi-Purpose Vessel (MPV) project currently under execution in Kolkata.
GRSE has ventured into construction of these four (04) Hybrid Propulsion MPVs with a provision of additional two (02) vessels of Hybrid propulsion type. This milestone underscores the shipyard's expanding global footprint in commercial & green shipbuilding.
The newly contracted Hybrid MPVs will incorporate state-of-the-art battery-assisted hybrid propulsion systems, enhanced fuel efficiency, and flexible cargo handling capabilities, making them well-aligned with International Maritime Organization (IMO) decarbonization goals.
These MPVs will be 120 metres long and 17 metres wide, with a maximum draft of 6.75 metres. The vessels are designed to carry 7,500 metric tonnes of cargo in a single large cargo hold, capable of accommodating bulk, general, and project cargoes. Containers can also be carried on hatch covers. A unique design feature of these ships is their ability to transport multiple large windmill blades on deck, catering specifically to the growing renewable energy logistics sector.
Garden Reach Shipbuilders & Engineers Ltd, Syrma SGS Technology Ltd, Strides Pharma Science Ltd and Dhani Services Ltd are among the other losers in the BSE's 'A' group today, 15 September 2025.
KRBL Ltd crashed 10.71% to Rs 396.55 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 6.5 lakh shares were traded on the counter so far as against the average daily volumes of 48849 shares in the past one month.
Garden Reach Shipbuilders & Engineers Ltd lost 3.26% to Rs 2505. The stock was the second biggest loser in 'A' group.On the BSE, 2.44 lakh shares were traded on the counter so far as against the average daily volumes of 1.2 lakh shares in the past one month.
Syrma SGS Technology Ltd tumbled 2.39% to Rs 805.9. The stock was the third biggest loser in 'A' group.On the BSE, 68439 shares were traded on the counter so far as against the average daily volumes of 80036 shares in the past one month.
Strides Pharma Science Ltd plummeted 2.07% to Rs 889.75. The stock was the fourth biggest loser in 'A' group.On the BSE, 8733 shares were traded on the counter so far as against the average daily volumes of 16574 shares in the past one month.
Dhani Services Ltd pared 2.07% to Rs 63.86. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.35 lakh shares were traded on the counter so far as against the average daily volumes of 4.32 lakh shares in the past one month.