Garden Reach Shipbuilders & Engineers Limited (GRSE), a leading shipbuilding company under the Ministry of Defence, has announced the signing of a significant contract for the construction and delivery of its second 7,500 Deadweight Tonnage (DWT) Multi-Purpose Vessel (MPV). This contract was finalized on December 4, 2024, in Hamburg, Germany.

This development follows the announcement made on September 18, 2024, where GRSE confirmed receiving an order for an additional four Multi-Purpose Vessels. The contract signing is a testament to GRSE’s growing expertise and commitment to delivering high-quality, versatile vessels for international clients.

Key Details of the Project

• Series Order: The signed contract is for the second vessel in a series of four additional MPVs, each with a 7,500 DWT capacity.
• Location: The contract signing ceremony took place in Hamburg, Germany, a key hub for maritime business.
• No Financial Changes: GRSE has confirmed that there is no change in the financial implications of the contract.

About the Multi-Purpose Vessels

The 7,500 DWT MPVs are designed for various operational capabilities, including cargo transport, disaster relief, and specialized missions. These vessels are equipped with advanced technology, ensuring reliability and efficiency in challenging maritime environments.

Global Significance

Signing the contract in Hamburg highlights GRSE’s global footprint and its ability to meet international standards in shipbuilding. This agreement strengthens India's position in the global maritime industry and aligns with the country's goal of expanding its defense and commercial shipbuilding capabilities.

Future Plans

Contracts for the remaining two vessels in this series will be signed at later dates. GRSE will update stakeholders as and when these agreements are finalized.

About GRSE

Garden Reach Shipbuilders & Engineers Limited, headquartered in Kolkata, is a leading shipbuilding company under the Ministry of Defence. With decades of expertise, GRSE specializes in building a wide range of ships for defense and commercial purposes. It is known for delivering state-of-the-art vessels that meet global maritime standards.

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