GRSE Strengthens Shipbuilding Momentum, Frontrunner for Rs 250-Bn Corvette Order

29 Aug 2025 CW Team

Garden Reach Shipbuilders & Engineers (GRSE) expects robust growth in its shipbuilding business, supported by defence procurement plans and government initiatives to promote indigenous shipbuilding.

“Despite competition from global and Indian yards, GRSE continues to maintain healthy growth momentum and is actively pursuing opportunities in both domestic and export markets,” the management said in its FY25 annual report.

The Kolkata-based defence PSU, which delivered its 110th warship — Survey Vessel Large INS Nirdeshak — to the Indian Navy in October 2024, has emerged as the lowest bidder (L1) for the Navy’s Rs 250-billion New Generation Corvette (NGC) programme. These multi-role stealth corvettes will be equipped for anti-surface, anti-submarine, and anti-air warfare, land attack missions, and will feature advanced sensors, weapons, and propulsion systems.

The project is expected to significantly enhance GRSE’s order pipeline, which stood at Rs 226.81 billion as of March 31, 2025, and reinforce its standing among leading global defence shipbuilders.

GRSE is also expanding its ship repair business through three dry docks at Syama Prasad Mookerjee Port, Kolkata, under a concession agreement. This has already enabled refits of Coast Guard and commercial vessels in FY25. A dedicated Commercial Shipbuilding Division has also been set up to drive non-defence orders, particularly exports, alongside investments in new products such as autonomous platforms, green energy vessels, and portable steel bridges.

Chairman and Managing Director Cmde P R Hari (Retd) said GRSE is “strategically positioned to progress exponentially” on the back of a strong order pipeline and operational efficiencies.

For FY25, revenue from operations rose 41 per cent to Rs 50.75 billion, while profit after tax grew 48 per cent to Rs 5.27 billion. The company’s market capitalisation crossed Rs 330 billion during the year.

News source: Maritime Gateway

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..