GRSE Plans ₹2670 Cr Capacity Expansion for Shipbuilding
Garden Reach Shipbuilders & Engineers Ltd (GRSE) is undertaking significant capacity expansion initiatives at its Raichak, Timber Pond, Shalimar, and Damodar facilities. The total capital expenditure for these projects is ₹2670 crore, aimed at strengthening indigenous shipbuilding capabilities, supporting future growth, and enhancing the ability to execute larger and more complex projects. The expansion includes developing Raichak as a shipbuilding hub with an investment of over ₹2,500 crore, rejuvenating the Timber Pond facility for medium-sized shipbuilding and repairs for nearly ₹100 crore, and upgrading the Damodar facility for vessel repairs and construction of small crafts with around ₹70 crore. These initiatives align with the 'Aatmanirbhar Bharat' and 'Make in India' vision.
Key Highlights
- GRSE to invest ₹2670 crore in capacity expansion across multiple facilities.
- Initiatives aim to boost indigenous shipbuilding and handle larger projects.
- Raichak facility to become a shipbuilding hub with ₹2,500 crore investment.
- Expansion supports 'Aatmanirbhar Bharat' and 'Make in India' initiatives.
- Projects expected to enhance warship construction and commercial vessel capabilities.
Price Impact
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