About Garden Reach Shipbuilders & Engineers Limited (GRSE)

Garden Reach Shipbuilders & Engineers Limited (GRSE) was incorporated on February 26, 1934, and is listed on BSE and NSE. The company is mainly engaged in the construction of warships, operating under the administrative control of the Ministry of Defence and holds the distinction of being the first shipyard in India to build warships for the Indian Navy and Indian Coast Guard. Over the decades, GRSE has delivered more than 100 state-of-the-art warships and has diversified into commercial vessels, advanced deck machinery, marine diesel engines, naval surface guns and Bailey-type portable steel bridges. The President of India holds 74.50% of the company’s equity share capital.

GRSE’s operations span seven plants and six offices in India, with products reaching the Defence Forces nationwide; internationally, the company serves around 11 countries. Exports contribute 1.45% of total turnover, and the customer base includes the Indian Navy, Indian Coast Guard, Indian Army, Border Roads Organisation and other government agencies . The company reports three operating divisions—Ship, Engineering and Engine—reflecting its shipbuilding, engineering products and marine diesel engine activities . GRSE has no subsidiary or associate company.

Garden Reach Shipbuilders & Engineers Limited Milestone 

Key milestones include the delivery of its 110th warship—Survey Vessel (Large) “INS Nirdeshak”—to the Indian Navy on Oct 08, 2024, later commissioned on Dec 18, 2024. In the year under review, GRSE also recorded multiple keel layings, deliveries and new contracts across programmes, underscoring its delivery discipline and expanding order pipeline  .

Garden Reach Shipbuilders & Engineers Limited Key Management

• Cmde P R Hari, IN (Retd.), Chairman & Managing Director
• Shri Ramesh Kumar Dash, Director (Finance) & Chief Financial Officer
• DIG Subrato Ghosh, ICG (Retd.), Director (Personnel)
• Shri Sandeep Mahapatra, Company Secretary & Compliance Officer

Latest Updates on Garden Reach Shipbuilders & Engineers Limited (GRSE)

• Recognition: GRSE was conferred “Schedule-A” status during FY 2024–25, reflecting resilience, sustained performance and operational excellence .
• Shipbuilding progress: As of March 31, 2025, 40 vessels were under construction; the year featured 4 deliveries, 3 keel layings and 8 new contracts .
• Major deliveries: Delivery of INS Nirdeshak (Survey Vessel Large) on Oct 8, 2024, commissioning on Dec 18, 2024; delivery of ‘Jaldoot’ (an unmanned surface vessel) to DRDO’s NSTL; and ‘Dheu’, a fully electric passenger ferry to the Government of West Bengal. The company also delivered the 1st Anti-Submarine Warfare Shallow Water Craft and the 1st P17A Frigate during the year.
• Export contract: Signed with Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG, Germany, for eight Multi-Purpose Vessel CORAL 7500, valued at USD 106.8 Million, reinforcing “Make in India, Make for World”.
• Defence systems: A Rs 248.50 crore contract was signed with the Ministry of Defence for the 30 mm Naval Surface Gun; the system was successfully trialled at sea in May 2025. GRSE is aligned with Make-II for 97 additional systems over five years and is engaging with the Indian Coast Guard for their requirements.
• New orders and progress: Secured orders for 13 hybrid ferries for the Government of West Bengal (Rs 226.18 crore) and an Rs 840 crore order from the National Centre for Polar and Ocean Research. Keels of all four New Generation Offshore Patrol Vessels have been laid, with multiple programmes advancing ahead of schedule.