Deals18 Oct 2024, 11:51 pm
Garden Reach Shipbuilders & Engineers Ltd Receives Contract for Design and Construction of Acoustic Research Ship
AI Summary
Garden Reach Shipbuilders & Engineers Ltd (GRSE) has announced that it has received a letter of intent of award for a contract for design, development, construction, integration of equipment, testing, certification, commissioning, and supply of one Acoustic Research Ship (ARS) from the Naval Physical & Oceanographic Laboratory, Gol, Ministry of Defence DRDO, Kochi. The approximate cost of the contract is Rs. 491 crore and it is to be executed within 36 months from the signing of the contract.
Key Highlights
- GRSE has received a letter of intent for a contract worth approximately Rs. 491 crore.
- The contract is for the design, development, construction, integration of equipment, testing, certification, commissioning, and supply of one Acoustic Research Ship (ARS).
- The contract has been awarded by the Naval Physical & Oceanographic Laboratory, Gol, Ministry of Defence DRDO, Kochi.
- The contract is to be executed within 36 months from the signing of the contract.
- GRSE has stated that a detailed contract is under finalization and the stock exchanges will be intimated after finalization and signing of the said contract.