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GRSE bags an export order worth Rs 92.8 crore from Govt of Guyana

Garden Reach Shipbuilders & Engineers (GRSE) has signed a contract with the Republic of Guyana for building an ocean-going vessel at a cost of Rs 92.8 crore

GRSE bags an export order worth $ 12.7 Mn from Govt of Guyana
GRSE bags an export order worth $ 12.7 Mn from Govt of Guyana
  • GRSE signs an agreement with the Govt of Guyana to build an ocean-going vessel

  • The size of the deal is worth Rs 92.8 crore

New Delhi: Warship builder defence PSU Garden Reach Shipbuilders & Engineers (GRSE) has signed a contract with the government of Guyana to build an ocean-going vessel at a cost of Rs 92.8 crore. The 1,700 tons (appx) vessel is to be used on the coastal and riverine areas of Guyana and shall be equipped with two caterpillar marine diesel engines coupled with twin disc reduction gearboxes to achieve 15 knots speed. The contract signing took place on January 13, Wednesday.

GRSE gave this information in a regulatory filing.

GRSE has been a pioneer warship builder of the nation having delivered the highest number of warships till date, since its inception as a Defence PSU in 1960. The 106 warships built by GRSE so far range from advanced frigates to anti-submarine warfare corvettes to fleet tankers, fast attack crafts etc. with the shipyard having many firsts to its credit including the unique achievement of having exported the first warship by an Indian shipyard, CGS Barracuda to Mauritius.

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GRSE has the capability to construct 20 ships concurrently, spread across its three production locations and having modernised its infrastructure with Modular Integrated Facility. This Project shall further consolidate GRSE’s position as a unique shipyard with the all-round capability to design and build warships and vessels for export with state-of-the-art technology. GRSE in the recent past has delivered 14 Warships in 42 months which clocks an average of a delivery every three months, a no mean feat.

The export initiatives of the shipyard have gained momentum with the award of this order and it is expected that the coming years will see a marked rise in its export order book.

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