Joint Venture28 Jan 2026, 06:54 pm
GRSE Drives Atmanirbharta Agenda with K2 Cranes & Components Tie-Up for Crane Manufacturing
AI Summary
Garden Reach Shipbuilders and Engineers (GRSE) Ltd signed a Memorandum of Understanding with M/s K2 Cranes & Components Pvt Ltd on Wednesday, January 28, 2026, for the design, development, and manufacture of marine, defence and shipyard cranes and associated equipment. This collaborative initiative will enable GRSE and K2 Cranes to explore and implement profitable business in respect of cranes utilized for marine, defence and shipyard requirements, both in India and abroad. GRSE, a Defence Public Sector Undertaking, has built over 800 platforms, including 115 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - highest number of warships built & delivered by any Indian shipyard till date.
Key Highlights
- GRSE and K2 Cranes signed an MoU for design, development, and manufacture of marine, defence and shipyard cranes
- This initiative will help GRSE and K2 Cranes to explore business opportunities in India and abroad
- GRSE has built over 800 platforms, including 115 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries
- GRSE is the only Indian Shipbuilder to have four distinct shipyards
- GRSE has built the highest number of warships by any Indian shipyard till date