Garden Reach Shipbuilders and Engineers Ltd. (GRSE) shares gained 3.38% to trade at ₹1,601.75 on the NSE as of 9:24 am following the announcement of a significant contract. GRSE signed a ₹490.98 crore deal with the Defence Research and Development Organisation’s Naval Physical and Oceanographic Laboratory (NPOL) to design and construct an Acoustic Research Ship (ARS).
Key Project Highlights
- Contract Value: ₹490.98 crore, with completion expected in 36 months.
- Ship Specifications: The ARS will measure 90 meters in length and 14 meters in width, with a top speed of 12 knots and a 30-day endurance.
- Research Capabilities: Equipped for underwater and meteorological research, featuring advanced sound velocity profiling, data collection, and the ability to launch acoustic modules and buoys.
- Technology: Diesel-electric powered with a dynamic positioning system for stability in rough seas (up to Sea State 4) and three deck cranes for research equipment.
This contract strengthens GRSE’s position as a leader in research and survey vessel construction, adding to its ongoing projects for the Indian Navy and other specialized clients.
