Garden Reach Shipbuilders & Engineers Ltd. (GRSE), a leading warship builder in India, has signed a significant contract worth Rs 123.07 crore with the Ministry of External Affairs (MEA), Government of India, for the normal refit of the Mauritius Coast Guard Ship (MCGS) Barracuda. The warship, originally constructed and delivered by GRSE in 2014, will now undergo a refit under this new agreement.
Key Highlights of the Contract
1. Awarding Entity
The contract has been awarded by the Ministry of External Affairs (MEA), Government of India as a grant to the Government of Mauritius.
2. Scope of Work
The refit of MCGS Barracuda includes both services and mandatory spares as per the defined scope of work (DL). Any additional spare requirements will be considered under Growth of Work, ensuring flexibility and efficiency in the refit process.
3. Domestic or International Contract
Although the contract is awarded by a domestic entity (MEA, Government of India), it is classified as an international project since it benefits the Mauritius Coast Guard.
4. Nature of Work
The contract covers a normal refit of MCGS Barracuda to enhance its operational capabilities.
5. Project Timeline
The entire refit process will be completed within 10 months from the date of the ship’s availability at GRSE’s Kolkata facility.
6. Contract Value
The estimated contract value is INR 123.07 crore, with an additional 15% allowance for Growth of Work and Additional Spares, excluding applicable taxes.
7. Related Party Transactions
The contract does not fall under related party transactions, and none of GRSE’s promoter or group companies hold any interest in the awarding entity.
