Deals20 Feb 2025, 04:50 pm
GRSE Signs Contract with MEA for Funding of Normal Refit of Mauritius Coast Guard Ship CGS Barracuda
AI Summary
Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has signed a contract with the Ministry of External Affairs (MEA), Government of India (GoI) for funding of the Normal Refit of Mauritius Coast Guard Ship CGS Barracuda (MCGS Barracuda). The warship was constructed and supplied by GRSE to the Government of Mauritius for use of their Coast Guard in the year 2014. The contract is worth INR 132.07 crore plus 15% Growth of Work (GoW) and Additional Spares. The refit will be completed in 10 months from the date of order. This is an international order and GRSE does not have any related party transactions in this contract.
Key Highlights
- GRSE signs contract with MEA for funding of Normal Refit of MCGS Barracuda
- Contract worth INR 132.07 crore plus 15% GoW and Additional Spares
- MCGS Barracuda was constructed and supplied by GRSE in 2014
- Refit to be completed in 10 months from the date of order
- No related party transactions involved in the contract