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Home arrow News arrow Defence arrow Garden Reach Shipbuilders engaged in Rs. 530 crore modernisation programme
Garden Reach Shipbuilders engaged in Rs. 530 crore modernisation programme Print E-mail
Written by Anand   
Friday, 09 October 2009
New Delhi: In order to facilitate construction of larger warships Garden Reach Shipbuilders & Engineers Ltd (GRSE), a Defence PSU, has initiated a Rs. 530 crore modernisation programme in its Main Unit, which is expected to be completed by July 2011.

The modern infrastructure facilities will enable the shipyard to undertake construction of large ships, like the LPDs and frigates, with modular concept of construction in a shorter time frame.

After the modernisation programme, GRSE will have a large Dry Dock and a large Inclined Berth, both 180 meters long, supported by modern integrated Paint Cell, Modular Hall, allied Workshops and a 250 ton goliath crane.

GRSE's Raja Bagan Dockyard at Kolkata, which the company acquired from the CIWTC in July 2006, is also undergoing rapid modernisation. At the Raja Bagan Dockyard, where Water Jet fast Attack Crafts are currently being constructed, the company is planning to build more sophisticated smaller vessels.

Rs. 24 crore dividend to the Government

GRSE, for the third year in succession, has paid Rs. 24.77 crore (20 % of the share capital) dividend to the Government.

Rear Admiral (Retd) KC Sekhar, Chairman and Managing Director, GRSE presented a cheque for Rs. 24.77 crore to the Defence Minister Shri AK Antony in New Delhi today towards dividend to the Government of India for the financial year 2008-09. Shri RK Singh, Secretary (Defence Production) and other senior officials of the Ministry of Defence were also present on the occasion.

Targets Rs. 850 crore Production value in 2009-10

The company expects to achieve a Value of Production of Rs. 850 crore in financial year 2009-10 as against Rs. 673 crore achieved in financial year 2008-09.

GRSE is currently building 10 Water Jet Fast Attack Crafts (four have already been delivered) and 4 anti-submarine Warfare Corvettes for the Indian Navy. It is also building about 80 Fast Interceptor Boats for the Ministry of Home Affairs. Construction of eight Inshore Patrol Vessels (IPVs) for use by the Indian Coast Guard will commence soon.

The company also manufactures Portable Steel Bridges, Marine Pumps, Ship Borne Equipment and Marine Engines. GRSE obtained patent for invention of double lane portable steel bridges. The Company has also developed a Common Helicopter Traversing System (HTS), to provide viable flexibility to the Navy in operating different types of helicopters from warships, and is in talks with international players for obtaining technology for Railless HTS.

 
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