Garden Reach Shipbuilders & Engineers announces cessation of director,
Garden Reach Shipbuilders & Engineers announced the cessation of Sanjay Panse (DIN:02725875) as Part-Time Non Official Director (Independent Director) on the Board of the Company on 26 December 2024 on completion of his tenure. Powered by Capital Market - Live News
Garden Reach Shipbuilders & Engineers announces change in Govt. nominee director,
Garden Reach Shipbuilders & Engineers announced the nomination of Garima Bhagar as Part Time Official Director (Govt. Nominee Director) on Board of the company with effect from 11 December 2024, replacing Rajeev Prakash (DIN: 08590061 ), Part Time Official Director (Govt. Nominee Director). Powered by Capital Market - Live News
GRSE signs contract for construction and delivery of 7500 DWT Multi-Purpose Vessel,
Garden Reach Shipbuilders & Engineers has signed Contract for construction and delivery of second ship from series of thefour additional vessel 7500 DWT Multi-Purpose Vessels (MPV) on 04 Dec 2024 at Hamburg, Germany. The contracts for the remaining two vessels will be communicated as and when the respective contracts signed. Powered by Capital Market - Live News
GRSE wins contract of Rs 226 cr from Govt. of West Bengal,
Garden Reach Shipbuilders & Engineers signed a contract with the Transport Department, Government of West Bengal, for the delivery of 13 hybrid ferries on 19 November, 2024. The ferries will be operated on the River Hooghly by the West Bengal Transport Infrastructure Development Corporation (WBTIDCL).These vessels will have catamaran hull design and be built with aluminum and Fiber Reinforced Polymer or FRP. The hybrid electric propulsion systems will be powered by batteries as well as diesel generators. The hybrid system will offer greater flexibility to the operator to switch from one mode to the other as per requirement, allowing for greater safety. The use of batteries will reduce pollution substantially. Of the 13 ferries for which the contract was signed, six will have twin decks with a capacity of 200 passengers each. The main deck will be air-conditioned. These vessels will be about 30 meters long and 8-10 meters wide. Their maximum speed will be 12 knots and each will require a crew of five. The estimated cost of these six vessels is Rs 126.41 crore (excl. GST).The remaining seven vessels will have only a single deck with a passenger capacity of 100. These ferries will be nearly 25 meters long and 8 meters wide with a top speed of 9 knots. There is provision for five crew members on board. These seven vessels are expected to cost nearly Rs 99.77 crore (excl. GST).Powered by Capital Market - Live News
Garden Reach Shipbuilders & Engineers standalone net profit rises 21.09% in the September 2024 quarter,
Net profit of Garden Reach Shipbuilders & Engineers rose 21.09% to Rs 97.77 crore in the quarter ended September 2024 as against Rs 80.74 crore during the previous quarter ended September 2023. Sales rose 28.40% to Rs 1152.92 crore in the quarter ended September 2024 as against Rs 897.91 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1152.92897.91 28 OPM %5.965.43 - PBDT141.24117.84 20 PBT130.53107.49 21 NP97.7780.74 21 Powered by Capital Market - Live News
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