GRSE Approves ₹2,896 Crore Raichak Shipyard, Naval And Commercial Capacity Set To Expand
Mumbai: Garden Reach Shipbuilders & Engineers Limited (GRSE) has approved a capital budgetary outlay of Rs 2,896 crore to construct a greenfield shipyard at Raichak, marking an expansion of its shipbuilding infrastructure. The proposal was cleared by the company’s board at its 423rd meeting held on September 21, according to a disclosure filed with the stock exchanges. Major Capacity Push GRSE…
Mumbai: Garden Reach Shipbuilders & Engineers Limited (GRSE) has approved a capital budget of Rs 2,896 crore to build a new greenfield shipyard at Raichak, expanding its shipbuilding capacity for both naval and commercial vessels. The board approved the proposal at its 423rd meeting on September 21, as disclosed to the stock exchanges.
The project is part of GRSE's broader capacity expansion plan, which includes three new facilities. The company has not revealed the implementation timeline, funding mix, or expected commissioning date. The Raichak project allows GRSE to cater to a broader range of orders in both defense and civilian maritime markets. The decision was made at the board meeting held in the afternoon, with the company informing both the National Stock Exchange and the Bombay Stock Exchange under Regulation 30 of SEBI's listing regulations.
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