GRSE Signs $54M Deal with German Firm for Cargo Vessels

24 Jun 2024 CW Team

Garden Reach Shipbuilders and Engineers (GRSE) Ltd, a prominent defence public sector undertaking (PSU), has signed a significant agreement with Carsten Rehder Schiffsmakler und Reederei GmbH and Co. KG, a Germany-based shipping company. The deal, valued at approximately USD 54 million, entails the construction and delivery of four multi-purpose cargo vessels within 33 months, an official said.

The agreement, signed by Commodore Shantanu Bose (retd), director of shipbuilding at GRSE, and Carsten Thomas Rehder, managing director of the German shipping company, was witnessed by GRSE Chairman and Managing Director Commodore P R Hari (retd). The contract also includes an option to build an additional four vessels in the future.

The new vessels, each measuring 120 metres in length and 17 metres in width, are designed to carry 7,500 metric tonnes of cargo. They will feature a single cargo hold to accommodate bulk, general, and project cargoes, with provisions for carrying containers on hatch covers. Additionally, the ships are specially designed to transport large windmill blades on deck.

This latest contract highlights GRSE's ongoing efforts to expand its export footprint in the maritime sector. The Kolkata-based warship maker has previously delivered an offshore patrol vessel to Mauritius, a fast patrol vessel to Seychelles, and a passenger-cum-cargo ocean-going ferry to the Cooperative Republic of Guyana. Currently, GRSE is constructing six patrol boats and a dredger for Bangladesh.

The strategic partnership with Carsten Rehder underscores GRSE's commitment to enhancing its commercial shipbuilding capabilities while supporting international maritime logistics needs.

Infrastructure Urban

07 May 2026

Vedanta Reports Record Profit in FY26

Vedanta reported its best-ever financial performance in FY26, with profit after tax of Rs 250.96 billion and revenue of Rs 1.74 trillion, supported by operational excellence across businesses. The company delivered nearly 50 per cent total shareholder return and declared a dividend of Rs 34 per share.Vedanta said its net debt-to-EBITDA improved to 0.95x, strengthening financial flexibility. Its demerger, effective 1 May 2026, is aimed at unlocking value by creating focused businesses across aluminium, oil and gas, power, iron and steel, zinc, copper, nickel and ferro alloys.Vedanta Aluminium p..

KEC Wins Orders Worth Rs 10.02 Billion

KEC International, an RPG Group company and global infrastructure EPC major, has secured new orders worth Rs 10.02 billion across its key businesses.In Transmission and Distribution, the company has won orders for projects in India and the Americas. These include ±500 kV HVDC transmission lines from a private developer in Western India, 132 kV cabling works from a steel producer in Eastern India, and the supply of towers, hardware and poles in the Americas.The renewables business has secured an order for a 100+ MW wind project in Southern India from a private developer. In transportation, KEC..

Hindustan Zinc Opens Cath Lab in Udaipur

Hindustan Zinc recently inaugurated a state-of-the-art Cardiac Catheterisation Laboratory at Rabindranath Tagore Hospital, Udaipur. The facility was inaugurated by Gulab Chand Kataria, Governor of Punjab and Administrator of Chandigarh, in the presence of local MLAs, RNT Hospital leadership and senior Hindustan Zinc officials.The Cath Lab follows an MoU signed earlier between Hindustan Zinc and RNT Hospital for the redevelopment and upgradation of the hospital into a future-ready, multi-speciality healthcare facility. Equipped with advanced cardiac technology, it will support minimally invasiv..