GRSEL Eyes Order Book Of Rs 28,000 Cr From Navy Contracts


State-owned ship building company Garden Reach Shipbuilders and Engineers (GRSEL) is eyeing an order book of Rs 28,000 crore to build warships for the Indian Navy and Indian Coast Guard, a top company official said.

Garden Reach is a shipbuilding company in India under the administrative control of the MoD and primarily adhere to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.

“We have a strong order book of Rs 20,300 crore, comprising gross order value in the shipbuilding segment, engineering segment and the engine segment. The order also includes construction of three stealth missile frigates. Construction started ahead of schedule and first ship will be delivered by 2023.” GRSEL chairman and managing director Vipin Kumar Saxena told PTI here.

They also have three projects of Indian Navy and Coast Guard for delivering nine warships and some more orders are expected to take it to an order book of Rs 28,000 he said. Read More

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