GRSE Board approves Rs 2,896 crore for greenfield shipyard at Raichak PSU Watch
News Updates

GRSE Board approves Rs 2,896 crore for greenfield shipyard at Raichak

The Board of GRSE has approved a capital outlay of Rs 2,896 crore for setting up a greenfield shipyard at Raichak in West Bengal

Defence Watch Bureau

New Delhi: Garden Reach Shipbuilders and Engineers (GRSE) Ltd has approved a capital outlay of Rs 2,896 crore for setting up a greenfield shipyard at Raichak in West Bengal.

Follow The PSUWatch Channel on WhatsApp

The approval has been granted by the Board of Directors at its 423rd meeting held on September 21. The proposed facility will enhance GRSE’s shipbuilding capacity for both naval and commercial segments.

Follow PSU Watch on LinkedIN

Also read:GRSE, Yantra India set to invest over Rs 4,000 crore in West Bengal to boost defence manufacturing

The investment is part of GRSE’s previously announced capacity expansion plan involving three new facilities, including the Raichak shipyard. The company had disclosed the broader expansion plan on August 24, 2026.

(PSU Watch is India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy. 👉 Click to join our channel now: PSUWatch WhatsApp Channel. Prefer LinkedIn? Follow PSU Watch on LinkedIN. Click to stay connected on Twitter here and stay updated)

Also Read

ACC approves 27 senior-level appointments across key ministries, departments and agencies

GRSE launches 3rd next-generation offshore patrol vessel for Indian Navy

PNGRB proposes unified tariff for 12 gas pipelines not connected to national grid

PESB names Rakesh Kumar for CPCL's Director (Operations) post

IRCON bags Rs 96.25-crore maintenance contract from Konkan Railway