GRSE Signs Contract for 7th & 8th of 8 Multi-purpose Export Vessels

Reinforcing its commitment to the idea of “Make in India, Make for World', and expanding its global footprint, Garden Reach Shipbuilders and Engineers (GRSE) Ltd signed a contract with Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG Germany on Monday, March 24, 2025, for the construction and delivery of 7th & 8th Multi-purpose vessel (MPV) of 7,500 DWT, in Hamburg, Germany. This contract is in line with the 'Option Agreement' signed between both the parties, for procurement of four additional MPVs from GRSE. The shipyard will build a total of eight vessels (08) at an approx. order value of 108 MUSD.

Each MPV will be 120 metres long and 17 metres wide with a maximum draft of 6.75 metres. It can carry 7,500 metric tonnes of cargo. Each vessel will have a single cargo hold to accommodate bulk, general and project cargoes and Containers will be carried on hatch covers. These ships have been specifically designed to carry multiple large windmill blades on deck.

The agreement for 7th & 8th MPV was signed between Cdr Prasenjit Roy, IN (Retd), Deputy General Manager (Commercial Shipbuilding), GRSE and Mr Thomas Rehder, Managing Director, M/s Carsten Rehder in the presence of Cmde PR Hari, IN (Retd), Chairman & Managing Director, GRSE, Mr Jonas Meinhardt, Managing Director, M/s Carsten Rehder and other senior officials.

Shares of Garden Reach Shipbuilders & Engineers Limited was last trading in BSE at Rs. 1704.70 as compared to the previous close of Rs. 1701.30. The total number of shares traded during the day was 79033 in over 3889 trades.

The stock hit an intraday high of Rs. 1754.95 and intraday low of 1681.60. The net turnover during the day was Rs. 135931310.00.

Source : Equity Bulls

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GardenReachShipbuildersandEngineers INE382Z01011 GRSE CommercialVehicles MPV Contract OrderWin