### **Overview** Garden Reach Shipbuilders & Engineers Ltd (GRSE) is a Miniratna Category-I Public Sector Undertaking under the Ministry of Defence, Government of India. Headquartered in Kolkata, GRSE is one of India’s leading warship builders and a key player in the country’s indigenous defense manufacturing ecosystem. With over six decades of experience, GRSE has delivered 109 warships to the Indian Navy and Coast Guard and built more than 790 vessels in total, including commercial ships and defense platforms for export. It operates modern, vertically integrated facilities in Kolkata and Ranchi and is currently executing high-value naval and commercial programs. --- ### **Strategic Focus (2024–2025)** GRSE is undergoing a major strategic transformation, moving beyond traditional warship building to become a diversified **comprehensive maritime solutions provider**. Key pillars of its strategy include: 1. **Indigenous Technological Advancement** - Collaborated with **Centum Electronics** (Oct 2025) to co-develop **Advanced Naval Navigation Systems**, focusing on indigenous R&D, modular manufacturing, and onboard integration. - Active partnerships with global OEMs such as **MTU (Rolls-Royce), Kongsberg (Norway), Elbit Systems (Israel), and IIT Kharagpur** to indigenize critical systems: diesel engines, waterjets, naval guns, and AI-driven design tools. 2. **Green Energy & Sustainable Shipbuilding** - Delivered India’s **largest all-electric 150-passenger ferry 'Dheu'** (Jan 2025) and **'Swadheen'**, the first Indian fully autonomous USV (Aug 2025). - Secured **World Bank-funded order for 13 hybrid ferries** (₹226.18 crore) from the Government of West Bengal and signed contracts for **seven 100-P and six 200-P hybrid ferries**. - Entered **Green Tug Transition Programme (GTTP)**, and developing **India’s largest zero-emission catamaran ferry** and **hydrogen fuel cell-powered naval platforms** (in collaboration with AEPL and IITs). - Launched **‘DHEU’** and **‘Neerakshi’** (AUV) as part of green and autonomous initiatives. 3. **Export Expansion & Global Market Penetration** - Won a **$108 million contract** to build **eight 7,500 DWT Multi-Purpose Vessels (MPVs)** for a German client (Carsten Rehder), marking entry into the European short-sea shipping market. - Secured **$16.575 million order** for a **1,000 m³ Trailing Suction Hopper Dredger** for Bangladesh’s BIWTA. - Exported **2 MPVs, 7 prefabricated Bailey Bridges (to Bhutan/Nepal)**, and delivered ships to **Guyana, Seychelles, Mauritius, and Bangladesh**. - Targeting commercial and defense exports to **Scandinavia, Africa, SEA, and Latin America** through Lines of Credit and strategic marketing. --- ### **Key Ongoing Projects (2025–2026)** | **Project** | **Details** | |------------|-----------| | **P17A Frigates** | Building **three stealth frigates**; first at 95% completion (as of May 2025), expected delivery ahead of schedule. ≈₹11,400 crore revenue remains to be recognized (FY26–27 split). | | **ASW-SWC (Anti-Submarine Warfare Shallow Water Craft)** | **Eight vessels** under construction, first delivered in Jan 2025. Six launched by Aug 2025. Deliveries from FY25 to FY26. | | **Survey Vessel (Large)** | Delivering **four advanced hydrographic vessels**; first commissioned (Mar 2024), second delivered in Aug 2025 (INS Nirdeshak). Remaining under construction. | | **Next Generation Offshore Patrol Vessels (NGOPV)** | **Four vessels** under construction (contract signed 2023), 40% physical progress (Feb 2025); deliveries scheduled 2026–28. | | **Ocean Research Vessel (NCPOR), Acoustic Research Ship (NPOL), Coastal Research Vessels (GSI)** | Order value ≈₹1,821 crore. Contracts signed Aug 2025. GRSE is **India’s only shipyard building specialized research vessels**. | | **Export MPVs (Germany)** | **Eight vessels** in various stages of construction; first deliveries expected Q2 FY26. | --- ### **Diversification & Vertical Integration** GRSE has strategically diversified into multiple high-growth segments to de-risk revenue and enhance margins: | **Business Vertical** | **Key Developments** | |------------------------|------------------------| | **Ship Repair & Refit** | Leased **three dry docks from SPM Port (Kolkata)**; ship repair revenue grew from ₹19 crore (FY22) to ₹114 crore (FY25). Order book: ₹172 crore. Handles refits for Indian Navy, Coast Guard, and vessels from **Seychelles, Mauritius, and commercial clients**. | | **Portable Steel Bridges** | Market leader in India with **65–70% share**. Revenue grew from ₹60 crore (FY22) to ₹145 crore (FY25). Holds exclusive rights to **Bailey Bridge variants**. Signed MoUs with **BRO, NHIDCL, Indian Army**. Exported bridges to **Bhutan, Bangladesh, Nepal**. | | **Marine Diesel Engines** | Operates state-of-the-art **Diesel Engine Plant (DEP) in Ranchi**. Partnered with **MTU (Germany)** under co-production (≥50% indigenous content). Produces engines for P17A, FACs. Expanding to supply upcoming platforms. | | **Naval Surface Guns & Weapon Systems** | Secured **₹240–250 crore order** for **10 units of 30mm Naval Guns**. Collaborating with **Elbit Israel** for component manufacturing and integration. Aims to become end-to-end supplier. | | **Autonomous & Unmanned Systems** | Developed **Jaldoot (USV)**, **Swadheen (USV)**, and **Neerakshi (AUV)**. Executed drone and UAV projects in partnership with **Tunga Aerospace and IITs**. Leading **Make-II ASV MCM (Mine Countermeasure)** project for Indian Navy. | --- ### **Capacity Expansion & Infrastructure** GRSE is aggressively scaling its infrastructure to meet growing order intake: - **Current Shipbuilding Capacity:** Increased to **28 concurrent platforms** (8 large, 20 medium/small) from 20 in FY22 (upgraded Kolkata facilities). - **Target:** Capacity to be expanded to **32 vessels by 2026** via modernization. - **Greenfield Shipyard:** Planning a **new deep-water shipyard outside Kolkata** (2028 timeline) on 30 acres in West Bengal, with access to deeper tides for larger vessels. - **Dry Dock Expansion:** Negotiating for **additional dry dock lease** from SPM Port to boost repair and refit business. - **Rajabagan Facility:** Dedicated to small ship series production and modular construction. --- ### **Strategic Collaborations & Innovation** - **Startups & Academia:** Partnered with **Tunga Aerospace, AEPL, Merlinhawk, and IIT Kharagpur** on drones, AUVs, and Industry 4.0. - **Industry 4.0 Adoption:** Implemented **AVEVA, Siemens PLM, AI-based surveillance, and digital project management**. - **GAINS 2023:** Innovation program to fund startups in maritime tech. - **MoUs:** With **Kongsberg, Rolls-Royce, Elbit, NHIDCL, SPM Port, Damen, DEMPO** for tech transfer, export, and capacity.