Garden Reach Shipbuilders & Engineers Limited (GRSE), a leading Indian shipyard, has reported a robust order book of ₹21,700 crore, comprising 10 projects with 40 marine platforms. The company has achieved significant milestones in its shipbuilding operations, including the early delivery of its first P-17A stealth frigate to the Indian Navy.

Key Highlights

• GRSE's order book stands at ₹21,700 crore, with 98% coming from shipbuilding operations
• The company delivered its first P-17A stealth frigate to the Indian Navy ahead of schedule
• Revenue crossed the ₹5,000 crore milestone in the previous fiscal year
• Profit after tax exceeded ₹500 crore in the last financial year
• Plans to expand capacity from 28 ships to 40 ships by 2029

Project Deliveries and Progress

GRSE has made significant strides in project deliveries and execution. The company recently delivered the third Survey Vessel (Large) to the Indian Navy, marking the third ship in a series of four. Additionally, GRSE delivered the first Anti-Submarine Shallow Water Craft to the Indian Navy, showcasing its capability in specialized vessel construction.

The highlight of GRSE's recent achievements is the delivery of the first P-17A stealth frigate to the Indian Navy on July 31, 2025. This vessel, the largest weapon platform built by GRSE to date, was delivered ahead of schedule, demonstrating the company's efficiency and commitment to timely project completion.

Expansion Plans

To meet growing demand and enhance its capabilities, GRSE has outlined ambitious expansion plans:

1. Increase shipbuilding capacity from the current 28 ships to 40 ships by 2029
2. Acquire a dry dock in Kolkata from the Syama Prasad Mookerjee Port to augment ship repair capabilities
3. Establish a 30-acre greenfield shipbuilding facility in West Bengal, with production expected to commence within a year
4. Plans to set up another greenfield shipyard on either the West or East Coast of India

Order Book Composition

GRSE's order book reflects a diverse range of projects:

Non-defense shipbuilding includes research vessels and export orders. Projects encompass vessels for the Indian Navy, Coast Guard, and international clients.

Future Outlook

GRSE is well-positioned for future growth, with several high-value projects on the horizon:

• Expected to sign the Next Generation Corvette contract worth ₹25,000 crore
• Targeting contracts for additional multipurpose vessels
• Bidding for projects including Next-Generation Survey Vessels and Fast Patrol Vessels

With its focus on new technology adoption, yard modernization, and expansion, GRSE is poised to maintain its strong performance in the coming years. The company's emphasis on green and autonomous vessels aligns with emerging trends in the shipbuilding industry, potentially opening up new opportunities for growth and innovation.

As GRSE continues to execute its current projects and pursue new orders, the company appears well-equipped to navigate the evolving landscape of naval and commercial shipbuilding, solidifying its position as a key player in India's maritime sector.

The Indian Navy has made significant strides in enhancing its naval capabilities and international cooperation. Recent developments include the induction of two advanced stealth frigates and ongoing discussions with Japan for potential collaboration in ship maintenance.

Induction of Nilgiri-Class Stealth Frigates

In a ceremony held at Visakhapatnam, the Indian Navy inducted two Nilgiri-class stealth frigates, INS Himgiri and INS Udaygiri. The event was presided over by Defence Minister Rajnath Singh, marking a significant milestone in India's naval capabilities.

Key Features of the New Frigates:

• Both vessels are part of Project 17 Alpha (P-17A)
• Constructed with 75% indigenous material
• 149 meters in length with a top speed of 28 knots
• Equipped with advanced weapon systems including BrahMos supersonic missiles and Barak-8 missiles
• INS Himgiri was built by Garden Reach Shipbuilders and Engineers in Kolkata
• INS Udaygiri was constructed by Mumbai's Mazagon Dock Shipbuilders

Notably, INS Udaygiri is recognized as the fastest ship in its class to be delivered post-launch, thanks to modular construction methodology. These frigates are approximately 5% larger than the Shivalik-class frigates while maintaining a lower radar cross-section.

Collaboration Talks with Japan

In addition to bolstering its fleet, the Indian Navy is exploring international collaboration opportunities. India's Foreign Ministry has revealed ongoing discussions between the Indian Navy and Japan concerning ship maintenance, signaling potential cooperation in naval operations and technology.

Key Points of the Discussions:

• Talks are focused on ship maintenance collaboration
• Garden Reach Shipbuilders and Engineers (GRSE) is involved in these discussions
• The specific nature and scope of the potential maintenance arrangements have not been disclosed

This development underscores the growing strategic partnership between India and Japan in the maritime domain. Collaboration on ship maintenance could potentially enhance the operational readiness and efficiency of both navies.

Looking Ahead

The induction of the new stealth frigates and the ongoing talks with Japan represent significant steps in India's naval strategy. These developments are likely to have far-reaching implications for maritime security and naval capabilities in the Indo-Pacific region.

As more information becomes available, it will be clearer how the potential collaboration with Japan might shape the future of naval operations and maintenance strategies for both nations, while the new frigates will undoubtedly enhance India's naval prowess in the coming years.