Garden Reach Shipbuilders & Engineers (GRSE) Ltd., a leading Indian warship builder, is pleased to announce its upcoming collaboration with the Ministry of Earth Sciences (MoES). The company emerged as the lowest bidder (L1) for a new Oceanographic Research Vessel (ORV) project in Q3 of 2023.
Following the successful bid, GRSE has received a Letter of Intent (LOI) from the MoES for the construction of this state-of-the-art vessel. The estimated value of the contract stands at approximately ₹840 crore (US$102 million). The formal contract signing is anticipated to take place sometime this month.
This win marks a significant development for GRSE, showcasing its expertise beyond warships and into the realm of specialized scientific research vessels. The new ORV will play a crucial role in furthering India’s oceanographic research capabilities.
About GRSE Limited
Garden Reach Shipbuilders & Engineers Limited (GRSE) is a leading shipyard and major warship builder in India, serving the Indian Navy and other defense forces. With a rich heritage dating back to 1960, GRSE boasts a proven track record of designing, building, and delivering a wide range of warships, including frigates, corvettes, fast attack craft, and more. The company is committed to contributing to India’s self-reliance in the maritime defense sector.
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