Garden Reach Shipbuilders & Engineers: Difference between revisions

{{Use dmy dates|date=July 2016}}

{{Use Indian English|date=July 2016}}

| type = [[Public sector undertakings in India|Public Sector Undertaking]]

| traded_as = {{BSE|542011}} <br />{{NSE|GRSE}}

| key_people = Cmde PR Hari,IN (Retd.) <br />{{small|([[Chairman]] & [[Managing Director|MD]])}} (Officiating)

| revenue = {{increase}}{{INRConvert|1658.79|c}} (2020)<ref name="Garden Reach Shipbuilders & Engineers 2020">[http://www.grse.in/pdf/investors/Audited_Financial_Results_for_the_quarterandyear_ended_31Mar2020%20and%20Recom%20of%20Div.pdf "Balance Sheet 31.03.2020"].</ref>

| operating_income = {{increase}}{{INRConvert|225.20|c}} (2020)<ref name="Garden Reach Shipbuilders & Engineers 2020"/>

| profit = {{increase}}{{INRConvert|163.48|c}} (2020)<ref name="Garden Reach Shipbuilders & Engineers 2020"/>

| assets = {{increase}}{{INRConvert|5384.14|c}} (2020)<ref name="Garden Reach Shipbuilders & Engineers 2020"/>

| equity = {{Increase}}{{INRConvert|1040.23|c}} (2020)<ref name="Garden Reach Shipbuilders & Engineers 2020"/>

| subsid =  

| location_city = [[Kolkata]]

| location_country = [[India]]

'''Garden Reach Shipbuilders & Engineers Ltd''', abbreviated as '''GRSE''', is one of India's leading [[shipyard]]s, located in [[Kolkata]], [[West Bengal]].<ref name="grse1">{{cite news|url=http://www.thehindu.com/news/national/third-antisubmarine-warfare-corvette-launched-in-kolkata/article4551845.ece?homepage=true |title=Third anti-submarine warfare corvette launched in Kolkata |work=The Hindu |first=Vinay |last=Kumar |date=27 March 2013 |access-date=21 February 2015}}</ref> It builds and repairs [[merchant shipping|commercial]] and [[warship|naval]] vessels.<ref name=gs>{{cite web|url=http://www.globalsecurity.org/military/world/india/grse.htm|date = 9 July 2011|title=Garden Reach Shipbuilders & Engineers (GRSE) |publisher = GlobalSecurity.org |access-date=21 February 2015}}</ref> Presently GRSE has also started building export ships in a mission to expand its business.

Founded in 1884 as a small privately owned company on the eastern bank of the [[Hooghly River]], it was renamed as ''Garden Reach Workshop'' in 1916. The company was nationalised by the [[Government of India]] in 1960.<ref name="grse-about">{{cite news|title=Historical Background|publisher=Garden Reach Shipbuilders & Engineers Limited|url=http://www.grse.in/index.php/our-company/historical-background.html|access-date=29 March 2021}}</ref> It was awarded the [[Miniratna]] status, with accompanying financial and operational autonomy in September 2006.<ref name=goi-sc>{{cite web|url=http://india.gov.in/sectors/transport/shipping_corp.php?pg=2 |title=Shipping Corporation of India |publisher=india.gov.in |access-date=9 September 2011 |url-status=dead |archive-url=https://web.archive.org/web/20090422231306/http://india.gov.in/sectors/transport/shipping_corp.php?pg=2 |archive-date=22 April 2009 }}</ref> It is first Indian shipyard to build 100 warships.<ref>{{Cite web|url=http://www.defencenews.in/article/GRSE-to-be-first-shipyard-in-India-to-make-100-warships-39250|title=GRSE to be first shipyard in India to make 100 warships|website=www.defencenews.in|access-date=2016-11-18|archive-url=https://web.archive.org/web/20161118101037/http://www.defencenews.in/article/GRSE-to-be-first-shipyard-in-India-to-make-100-warships-39250|archive-date=18 November 2016|url-status=dead}}</ref>

On 1 July 2006, GRSE acquired the loss-making Rajabagan Dockyard (RBD) of Central Inland Water Transport Corporation (CIWTC). RBD's facilities with its {{convert|600|m}} waterfront helped alleviate some of GRSE's space constraints and increase its production capacity.<ref name=bs-rajabagan>{{cite news|url=http://www.business-standard.com/india/news/grse-takes-over-rajabagan-dockyardciwtc/251347/|title=GRSE takes over Rajabagan Dockyard of CIWTC|work =Business Standard|date=11 July 2006|access-date=21 February 2015}}</ref>

As of 2011, the shipyard is undergoing a {{INRconvert|530|c}} upgrade programme, expected to be completed by March 2012.<ref name=grse-ar2011>{{cite web|url=http://www.grse.nic.in/CHAIRMAN'S%20STATEMENT.PDF |title=Annual Report 2010-11 |publisher=Garden Reach Shipbuilders & Engineers Limited |access-date=9 September 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110809083834/http://www.grse.nic.in/Chairman%27s%20statement.pdf |archive-date= 9 August 2011 }}</ref> The second phase of the upgrade programme began in June 2013.<ref>{{cite web|url=http://www.grse.nic.in/page_aboutus.php?page_id=128 |title=About Us |publisher=Garden Reach Shipbuilders |access-date=21 February 2015}}</ref>

GRSE has built the {{sclass|Aditya|auxiliary ship|1}}, {{sclass|Brahmaputra|frigate|1}}s, two {{sclass|Khukri|corvette|5}} and {{sclass|Kora|corvette|1}}s. It constructed all the patrol vessels of the {{sclass|Seaward|defense boats|5}}, {{sclass|Trinkat|patrol vessel|5}}, {{sclass|Bangaram|patrol vessel|5}}, and {{sclass|Car Nicobar|patrol vessel|4}}es.<ref>{{cite news|url = http://www.globalsecurity.org/military/world/india/p-trinkat.htm|date =9 July 2011 |title = Trinkat Class|access-date = 21 February 2015|publisher = GlobalSecurity.org}}</ref><ref>{{cite news|url = http://www.bharat-rakshak.com/NAVY/Bangaram.html|title =  Bangaram Class|access-date = 21 February 2015|publisher = Bharat Rakshak |archive-url = https://web.archive.org/web/20061012222747/http://www.bharat-rakshak.com/NAVY/Bangaram.html  |archive-date = 12 October 2006}}</ref>

Among the [[amphibious warfare]] vessels, it has built are the {{sclass|Magar|amphibious warfare vessel|5}} and {{sclass|Shardul|tank landing ship|4}}es.<ref>{{cite news|url = http://www.hindu.com/2007/01/05/stories/2007010501452000.htm|archive-url = https://web.archive.org/web/20070107063735/http://www.hindu.com/2007/01/05/stories/2007010501452000.htm|url-status = dead|archive-date = 7 January 2007|date = 5 January 2007|title = INS Shardul dedicated|access-date = 21 February 2015 |last=Habbu |work = [[The Hindu]]|first=R.S.}}</ref> In September 2011, it was awarded a ₹2,176 crore contract for building eight [[landing craft utility]] vessels.<ref name=toi-amphi>{{cite news|url=http://timesofindia.indiatimes.com/india/Amphibious-vessels-to-strengthen-Navy/articleshow/9928788.cms |last=Pandit |first=Ranjat |title=Amphibious vessels to strengthen Navy|work=The Times of India|date=10 September 2011 |access-date=21 February 2015}}</ref>

It has been awarded a contract to build four {{sclass|Kamorta|corvette|1}}s.<ref name="grse1"/> On 18 February 2015, the Indian government approved the construction of seven {{sclass2|Project 17A|frigate}}s, three of which will be constructed by Garden Reach Shipbuilding.<ref name=pandit>{{cite news|url=http://timesofindia.indiatimes.com/india/Govt-approves-construction-of-7-stealth-frigates-6-nuclear-powered-submarines/articleshow/46281364.cms |title=Govt approves construction of 7 stealth frigates, 6 nuclear-powered submarines |last=Pandit |first=Ranjat |work=Times of India |date=18 February 2015 |access-date=21 February 2015}}</ref>

GRSE has been short-listed for a patrol boat project for [[Vietnam]] worth {{INRconvert|600|c}} and is also bidding for an order of two frigates for [[Philippines]].<ref name=etGRSEExport/><ref>{{cite web|url=http://www.affairscloud.com/mcgs-barracuda-first-indias-warship-export-mauritius/ |title=MCGS Barracuda-First India's warship export to Mauritius |publisher=Affairscloud |date=18 December 2014 |access-date=21 February 2015}}</ref>

GRSE was the lowest bidder to supply two light frigates to [[Philippines]] and hopes to receive the contract worth more than $321 million in the next two months.{{when|date=June 2017}} A total of four firms joined the bidding for the [[Philippine Navy]] project: GRSE; [[Hyundai Heavy Industries]] Inc. and [[Daewoo Shipbuilding & Marine Engineering]] Co. Ltd., both from [[South Korea]]; and [[Navantia]] S.A. of [[Spain]]. GRSE's light frigate will be a design based on the [[Indian Navy]]'s [[Kamorta-class corvette|Kamorta-class]] anti-submarine corvette and will be capable of withstanding Sea State 7, which means it can withstand a wave height of up to 9 metres.