The Defence Ministry has awarded a contract of worth Rs 6,311 crore to Garden Reach Shipbuilders & Engineers Limited (GRSE) to build eight anti-submarine warfare shallow watercraft (ASWSWC) for the Indian Navy.
"The contract worth Rs 6,311.32 crore was signed today by Joint Secretary and Acquisition Manager (Maritime Systems) Ravi Kant on behalf of Ministry of Defence and S S Dogra, Director (Finance), on behalf of GRSE, in New Delhi," said a Defence Ministry statement.
As per the agreement, the first ship is to be delivered within 42 months from the date of signing of the contract and subsequently, two ships are required to be delivered per year. The project completion time is 84 months.
The vessels are equipped with highly advanced state-of-the-art integrated platform management systems including propulsion machinery, auxiliary machinery, power generation, and distribution machinery and damage control machinery, etc.
Kolkata based GRSE has 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.
The GRSE is currently handling major projects to make three Stealth Frigates for Indian Navy under P17A Project, ASW Corvettes for Indian Navy, LCUs for Indian Navy, four Survey Vessels (Large) for Indian Navy, FPVs for Indian Coast Guard, etc.
The 100 warships built by GRSE so far range from Advanced Frigates to Anti-Submarine Warfare Corvettes to Fleet Tankers, Fast Attack Crafts, etc., with the Shipyard having many firsts to its credit in terms of Innovation and Design.
The present project will further consolidate GRSE's position as a unique shipyard with the all-round capability to design and build ASWSWC warships with state-of-the-art technology (ANI)