
Business Update7 Feb 2026, 04:51 pm
GRSE Wins Contract for Second Refit of Seychelles Coast Guard Ship PS Zoroaster at Approx. ₹ 33 Crore
AI Summary
Garden Reach Shipbuilders & Engineers Ltd (GRSE) has signed a contract with the Ministry of External Affairs (MEA), Government of India for the second refit of Seychelles Coast Guard Ship PS Zoroaster at a total value of approximately ₹ 33 Crore (excluding GST). The refit is expected to commence in early March 2026 and be completed in three months. This achievement highlights GRSE's competency and adherence to schedules, reinforcing India's Security and Growth for All in the Region (SAGAR) vision and strengthening collaborative efforts between India and the Seychelles towards enhancing regional stability and security.
Key Highlights
- Contract value of approximately ₹ 33 Crore (excluding GST)
- Second refit for Seychelles Coast Guard Ship PS Zoroaster
- Refit to commence in early March 2026 and completed in three months
- Awarded by Ministry of External Affairs (MEA), Government of India
- Recognizes GRSE's competency and adherence to schedules