Garden Reach Shipyard Ipo

Garden reach shipyard ipo

Not to be confused with Garden Reach.

Garden Reach Shipbuilders & Engineers Ltd, abbreviated as GRSE, is one of India's leading shipyards, located in Kolkata, West Bengal.[3] It builds and repairs commercial and naval vessels.[4] Presently GRSE has also started building export ships in a mission to expand its business.

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Founded in 1884 as a small privately owned company on the eastern bank of the Hooghly River, it was renamed as Garden Reach Workshop in 1916. The company was nationalised by the Government of India in 1960.[5] It was awarded the Miniratna status, with accompanying financial and operational autonomy in September 2006.[6] It is first Indian shipyard to build 100 warships .[7]

Facilities[edit]

GRSE has ship building facilities in Kolkata and Ranchi.

It has a large Computer Aided Design (CAD) centre for ship modelling and design.

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There are four workshops for plate preparation and steel fabrication.

GRSE has a dry dock for ships up to 26,000 tonnes deadweight (DWT). It has a building berth and two slipways for hull construction.

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It has a covered all-weather non-tidal wet basin for fitting-out medium and small ships and another fitting-out complex for ships with three berths alongside.

In addition, it has two river jetties for berthing smaller vessels up to 60 metres (200 ft) in length.

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GRSE has engine repair and overhaul facilities in Ranchi.

GRSE Ranchi diesel engine plant (licensed engines) [8]

On 1 July 2006, GRSE acquired the loss-making Rajabagan Dockyard (RBD) of Central Inland Water Transport Corporation (CIWTC).

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RBD's facilities with its 600 metres (2,000 ft) waterfront helped alleviate some of GRSE's space constraints and increase its production capacity.[9]

As of 2011, the shipyard is undergoing a ₹530 crore (US$74 million) upgrade programme, expected to be completed by March 2012.[10] The second phase of the upgrade programme began in June 2013.[11]

Vessels built[edit]

Commercial vessels[edit]

Among commercial and scientific ships, GRSE builds oceanographic and hydrographicresearch vessels, marine acoustic research ships, non-propelled dredgers, grab hopper dredgers, trailing suction hopper dredgers, tugboats, and bulk carriers.

Naval vessels[edit]

GRSE has designed and built a number of warships and patrol vessels for the Indian Navy and the Coast Guard.

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Vessels built at GRSE include guided-missile frigates, corvettes, fleet tankers, fast patrol vessels, amphibious warfare vessels and hovercraft.[4]

GRSE has built the Aditya-class auxiliary ship, Brahmaputra-class frigates, two Khukri and Kora-class corvettes. It constructed all the patrol vessels of the Seaward, Trinkat, Bangaram, and Car Nicobar classes.[12][13]

Among the amphibious warfare vessels, it has built are the Magar and Shardul classes.[14] In September 2011, it was awarded a ₹2,176 crore contract for building eight landing craft utility vessels.[15]

It has been awarded a contract to build four Kamorta-class corvettes.[3] On 18 February 2015, the Indian government approved the construction of seven Project 17A-classfrigates, three of which will be constructed by Garden Reach Shipbuilding.[16]

Exports[edit]

GRSE delivered the corvette MCGS Barracuda to Mauritius on 20 December 2014.

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The contract was worth $58.5 million.[17] With this, India will join the elite club of warship exporters.

The Mauritius offshore patrol vessel has an integrated bridge system and cutting edge controls and main engines and can support 83 member crew.

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It measures 74.10 metres (243.1 ft) in length and 11.40 metres (37.4 ft) in breadth and will be capable of moving at a maximum speed of 22 knots (41 km/h) with an approximate displacement of 1,350 tonnes.

GRSE has been short-listed for a patrol boat project for Vietnam worth ₹600 crore (US$84 million) and is also bidding for an order of two frigates for Philippines.[17][18]

GRSE was the lowest bidder to supply two light frigates to Philippines and hopes to receive the contract worth more than $321 million in the next two months.[when?] A total of four firms joined the bidding for the Philippine Navy project: GRSE; Hyundai Heavy Industries Inc.

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and Daewoo Shipbuilding & Marine Engineering Co. Ltd., both from South Korea; and Navantia S.A.

Garden Reach Shipbuilders & Engineers Limited IPO

of Spain. GRSE's light frigate will be a design based on the Indian Navy's Kamorta-class anti-submarine corvette and will be capable of withstanding Sea State 7, which means it can withstand a wave height of up to 9 metres.

References[edit]

Coordinates: 22°32′16.9″N88°17′48.78″E / 22.538028°N 88.2968833°E / 22.538028; 88.2968833