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

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

Garden Reach Shipbuilders& Engineers will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live News

Garden Reach Shipbuilders & Engineers has received letters of Intent of Award for Contract for Design, development, construction, Integration of Equipment, Testing, certification, commissioning & supply of One Acoustic Research Ship (ARS) from Naval Physical & Oceanographic Laboratory, Gol, Ministry of Defence DRDO, Kechi. The value of the contract is Rs 491 crore. Powered by Capital Market - Live News

Garden Reach Shipbuilders & Engineers has received two letters of Acceptance of Award for Contract for Design, Build, Operationand Maintenance of Hybrid Electric Ferries under the WBIWTLSD Project, Transport Department, Government of West Bengal. The value of the contracts is Rs 226.18 crore. Powered by Capital Market - Live News