New Delhi (NVI): Indian shipbuilding company, Garden Reach Shipbuilders and Engineers (GRSE) Ltd has signed a contract to construct an ocean-going vessel worth USD 12.7 million with the government of Guyana in the Caribbean region in South America.
“It was a huge boost for the export initiatives of GRSE, when it signed the contract with the shipyard on January 13 with the Harbour Department, Ministry of Public Works, Government of Guyana, to build an Ocean-Going Vessel at a cost of 12.7MUS$,” read an official release.
The 1,700 tonnes vessel is to be used on the coastal and riverine areas of Guyana and will be equipped with two caterpillar marine diesel engines coupled with twin disc reduction gear boxes to achieve 15 knots speed, it added.
GRSE, the Kolkata-based company has the capability to construct 20 ships concurrently, spread across its three production locations and having modernized its infrastructure with modular integrated facility, the release noted.
This project shall further consolidate GRSE’s position as a unique shipyard with all round capability to design and build warships and vessels for export with state-of-the-art technology, it said
GRSE in the recent past has delivered 14 warships in 42 months which clocks an average of a delivery every three months, a no mean feat.
On the other hand, the export initiative of the shipyard have gained momentum with the award of this order and it is expected that the coming years will see a marked rise in its export orderbook. It has also been a pioneer warship builder of the nation having delivered the highest number of warships till date, since its inception as a DPSU in 1960.
So far, the 106 warships built by GRSE range from advanced frigates to anti-submarine warfare corvette to fleet tankers, fast attack crafts among others.
“With the shipyard having many firsts to its credit including the unique achievement of having exported the first warship by an Indian Shipyard, CGS Barracuda to Mauritius,” the release added.