GRSE to Lease Land from Syama Prasad Mookerjee Port for 30 Years

Garden Reach Shipbuilders & Engineers Ltd (GRSE) will enter into a thirty-year lease agreement (non-renewable) with Syama Prasad Mookerjee Port, Kolkata (SMPK) for a land parcel at Timber Pond, Howrah. This move aligns with GRSE’s long-term vision to strengthen its infrastructure in line with the growing domestic and export demand. The proposed leased land, with its valuable waterfront access, will support GRSE’s initiatives in shipbuilding, ship repair and other engineering activities. However, the revenue generation from this initiative is not anticipated at this stage.