Deals9 Apr 2025, 03:40 pm
Garden Reach Shipbuilders & Engineers Ltd Receives LOA for Construction and Delivery of Two Coastal Research Vessels
AI Summary
Garden Reach Shipbuilders & Engineers Ltd (GRSE) has announced that it has received a Letter of Award (LOA) on 08 Apr 2025, for the Construction and Delivery of two Coastal Research Vessels for the Geological Survey of India. The contract is worth INR 489.98 crore and GRSE will execute the contract over a period of 36 months from the signing of the Contract.
Key Highlights
- GRSE received a Letter of Award for the Construction and Delivery of two Coastal Research Vessels for the Geological Survey of India.
- The contract is worth INR 489.98 crore.
- The contract period is 36 months from the signing of the Contract.
- The order does not fall under related party transactions.
- GRSE will execute the contract with the Geological survey of India and inform the Stock Exchanges accordingly.