Garden Reach Shipbuilders & Engineers has entered into the following two (2) numbers of non-binding MoUs:a) M/s Merlinhawk Aerospace for Collaboration towards development of composite Doors and Hatches for use in Naval Ships, Counter UAV Solution using EDFCS along with CRN 91, EOIRST for Surveillance, Composite Masts for Indian Navy Ships and Hydrogen fuel cells based power generation for maritime applications. b) M/s Kerala State Electronics Development Corporation (KELTRON) forestablishing collaborative working arrangement towards development of core futuristic technologies in various fields to achieve self-reliance in certain areas of Under Water Surveillance. Powered by Capital Market - Live News

Garden Reach Shipbuilders & Engineers has signed a contract for construction of advance ocean-going tug for Directorate General Defence contract (s) Purchase, Ministry of Defence, Government of the People`s Republic of Bangladesh. The value of the order is approx. USD 21 million. The overall length (LOA) of the tug will be nearly 61 metres, and the vessel will be about 15.80 metres wide with a depth nearly 6.80 metres. The tug`s draught requirement with a full load will be around 4.80 metres while it`s bollard pull capacity will be 76 Tons ahead and 50 Tons astern. The ship`s maximum speed with a full load will be at least 13 knots. The tug`s primary roles will include towing of ships at sea, both alongside and astern, assist them during berthing and casting off as well as help them in turning through pushing and pulling. The vessel will also have the capability to carry out rescue and salvage operations at sea. It`s secondary roles will be to provide firefighting support to ships at sea and limited pollution control measures. The platorm will be extremely robust with a capability to operate even at sea state 5 (wind speeds of 17-21 knots and wave heights of 2-3 metres) with dynamic positioning - 2 system capability. This is an advanced computer-controlled system that allows a ship to maintain its heading and position without the use of mooring lines or anchors. Powered by Capital Market - Live News

Garden Reach Shipbuilders & Engineers has become the Lowest bidder (L1) for construction of a Research Vessel for Defence Research and Development Organisation (DRDO). The order value is likely to be Rs. 500 crore approx. The contract is currently under negotiation and has not yet been signedPowered by Capital Market - Live News

Garden Reach Shipbuilders & Engineers has entered into contract with the Bangladesh Inland Water Transport Authority (BIWTA) for the Procurement of 01 (One) No. Trailing Suction Hopper Dredger (Hopper Capacity 1000 m3) with spare parts. The total Contract Value is USD 1,65,75,210 excluding taxes.Powered by Capital Market - Live News

Garden Reach Shipbuilders& Engineers announced that the Board of Directors of the Company at its meeting held on 22 May 2024, inter alia, have recommended the final dividend of Rs 1.44 per equity Share (i.e. 14.4%) , subject to the approval of the shareholders.Powered by Capital Market - Live News