Deals24 Aug 2026, 01:29 pm
GRSE Secures ₹45.02 Cr Order for Electric Ferries
AI Summary
Garden Reach Shipbuilders & Engineers Ltd (GRSE) has announced receiving an order from West Bengal Tourism Development Corporation Limited (WBTDCL) for the procurement of two 100-passenger electric ferries. The contract is valued at ₹45.02 crore and is to be executed within 18 months from the signing date. This order falls under the 'Procurement of Electric Ferry' category and is from a domestic entity. GRSE confirmed that neither its promoters nor group companies have any interest in WBTDCL, and the transaction does not constitute a related party transaction.
Key Highlights
- GRSE wins ₹45.02 crore contract for two electric ferries.
- Order placed by West Bengal Tourism Development Corporation Limited.
- Project execution timeline is 18 months from contract signing.
- Transaction is with a domestic entity and not a related party deal.
Price Impact
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