Deals1 Jul 2024, 02:36 pm
Garden Reach Shipbuilders & Engineers Ltd Secures Contract for Construction of an Advanced Ocean-Going Tug for Government of Bangladesh
AI Summary
Garden Reach Shipbuilders & Engineers Ltd (GRSE) has signed a contract for the construction of an advanced ocean-going tug for the Government of the People’s Republic of Bangladesh. The contract, valued at approximately 21 Million USD, is to be executed within 24 months. This order falls outside related party transactions and none of the promoters or promoter groups have any interest in the entity that awarded the order.
Key Highlights
- GRSE has secured a contract for the construction of an advanced ocean-going tug for the Government of Bangladesh.
- The contract is valued at approximately 21 Million USD.
- The contract is to be executed within 24 months.
- The order does not fall under related party transactions.
- None of the promoters or promoter groups have any interest in the entity that awarded the order.