Expansion21 Sept 2026, 06:20 pm
GRSE approves ₹2896 Cr for Greenfield Shipyard at Raichak
AI Summary
Garden Reach Shipbuilders & Engineers Ltd (GRSE) announced the approval of a capital budgetary outlay of ₹2896 crore for the construction of a Greenfield Shipyard at Raichak. This decision was made during the 423rd Board meeting held on September 21, 2026. The new shipyard aims to significantly enhance GRSE's shipbuilding capacity across both Naval and Commercial segments. This disclosure is a follow-up to a previous announcement on August 24, 2026, regarding capacity expansion through three new facilities, including Raichak.
Key Highlights
- GRSE approved ₹2896 crore for a new Raichak shipyard.
- The investment aims to boost shipbuilding capacity.
- New facility will serve Naval and Commercial segments.
- This is a continuation of prior capacity expansion plans.
Price Impact
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