Garden Reach Shipbuilders & Engineers Limited signed an agreement with M/s Cartsen Rehnder Schiffsmakler and Reederei GmbH & Co., KG Germany on Saturday, June 22. The company informed the exchange about contract on June 22. The size of the contract signed by GRSE is APPROX. 54 million USD.
Under the agreement, GRSE will construct and delivers of 4 multi-purpose vessels (ships) of 7,500 DWT (Dead weight tonnage) each, with an option of building another 4 ships in near future. Time Period for the contract by which the orders is to be executed is 33 months.
The vessels will be 120 meters long and 17 meters wide with a maximum draft of 6.75 meters. The ships have been specifically designed to carry multiple large windmill blades on deck.
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About Garden Reach Shipbuilders & Engineers Limited
Founded in 1884, it started its journey as a small workshop to repair vessels. Later, the company was taken over by the Government of India in 1960. GRSE is a premier warship building company in India, under the administration control of Ministry & Defence, s PCMM Level-2 Certified Company.
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