GRSE and SWAN Defence sign strategic MoU to boost indigenous Commercial Shipbuilding Capabilities

Garden Reach Shipbuilders & Engineers Limited (GRSE), has signed a Memorandum of Understanding (MoU) with SWAN Defence and Heavy Industries Ltd. On 07 Apr 25 at GRSE Bhavan, Kolkata.

The strategic partnership marks a significant step towards strengthening indigenous shipbuilding capabilities in the commercial segment and supports the national vision of "Aatmanirbhar Bharat" in the maritime sector. Under the terms of the MoU, both shipyards will collaborate on a non-exclusive basis for the construction of commercial vessels and offshore structures, with a focus on global customers and national maritime interests.

This alliance will enable GRSE and SWAN Defence to leverage each other's strengths in infrastructure, expertise, and design capabilities. The partnership will focus on jointly scouting for commercial shipbuilding projects and developing standard platform designs to cater to market needs. By sharing infrastructure and evolving effective build strategies, the two entities aim to ensure faster and more efficient project execution. Additionally, the collaboration will work towards optimizing costs through the development of a mutually beneficial vendor ecosystem. A significant emphasis will also be placed on training and nurturing a skilled local workforce. Furthermore, both parties will cooperate in the trials, commissioning, and future repair of vessels and offshore structures, thereby establishing a comprehensive and sustainable model for commercial shipbuilding in India.

The MoU is poised to catalyze the growth of a robust vendor ecosystem and generate employment through skill development in the shipbuilding sector.

This collaboration is a testament to the growing capabilities of Indian shipyards in meeting both national and international maritime demands through innovative, costeffective, and high-quality solutions.

Shares of Garden Reach Shipbuilders & Engineers Limited was last trading in BSE at Rs. 1564.30 as compared to the previous close of Rs. 1529.10. The total number of shares traded during the day was 94551 in over 12986 trades.

The stock hit an intraday high of Rs. 1599.95 and intraday low of 1528.05. The net turnover during the day was Rs. 147799392.00.

Source : Equity Bulls

Keywords

GardenReachShipbuildersandEngineers INE382Z01011 GRSE MoU SwanDefenceandHeavyIndustries