GRSE to be first shipyard in India to make 100 warships

The defence PSU has delivered two anti-submarine warfare corvettes INS ‘Kamorta’ and INS ‘Kadmatt’ to the Indian Navy with 90 percent indigenous content

GN Bureau | November 16, 2016


#GRSE   #100 warships   #INS Kamorta   #INS Kadmatt  

The Garden Reach Shipbuilders & Engineers (GRSE) has so far delivered 98 warships to the armed forces and with two more ships almost ready for delivery, the shipyard is now poised to become the first in the country to build 100 warships.

GRSE has also delivered first two anti-submarine warfare corvettes INS ‘Kamorta’ and INS ‘Kadmatt’ to the Indian Navy with 90 percent indigenous content. It has also done the nation proud by building the first-ever export warship CGS ‘Barracuda’ for the Republic of Mauritius.

GRSE on Wednesday paid dividend to the government for the 23rd consecutive year.

A cheque for Rs 53.22 crore towards dividend for the financial year 2015-16 was handed over to defence minister Manohar Parrikar by Rear Admiral (Retd) AK Verma, chairman and managing director, GRSE.

GRSE, Kolkata, a miniratna defence PSU has been a profit-making PSU and regularly paying dividend to the government exchequer since 1993-94.

During 2015-16 fiscal, GRSE registered an all-time high turnover of Rs 1,707 crore as against Rs 1,612 crore in the previous year. The turnover of the company, which was Rs 574 crore in 2007-08, has almost trebled to Rs 1,707 crore in 2015-16.
 

Comments

 

Other News

An African salient

To counter Beijing’s aggressive agenda in the Indian Ocean, New Delhi is seeking to create strategic bastions in Mauritius, Seychelles and Madagascar. The immediate provocation was China’s inauguration of its first overseas military base in Djibouti, in the Horn of Africa.

Look who’s talking ethics in Karnataka?

 Just after the UP assembly election in 1996, I was among the scores of reporters waiting at Kalyan Singh’s residence, waiting to get the first inkling of the future course of the BJP. The party had secured the maximum seats – 174 out of 425 seats – but was short of the majority mark

Company secretaries are gatekeepers of corporate governance: SEBI Chairman

“Company Secretaries, once known as secretaries to the board and management, have transformed themselves into key managerial and governance professionals. Today they are recognised for their importance on corporate landscape and have become gatekeepers of corporate governance,” said Ajay Tyagi,

Will there be light at the end of the tunnel?

Any good news which promises to bring about qualitative improvement in the lives of people, especially in rural India, is always welcome. It was heartening indeed to learn that every single village in the country now has access to electricity, as announced by the prime minister on April 29. This is most ce

A dry run in Bundelkhand

The paved road, the few concrete houses and men on motorcycles – these are deceptive signs of development in Madralalpur village. Only a couple of weeks ago, Babu, a 47-year-old distressed farmer, had hanged himself from a babool tree. Villagers were gathered at his house as his wife, mother, sister-

Our jobs, their jobs

Statistics has come a long way from the time when British prime minister Benjamin Disraeli observed: “There are three kinds of lies: lies, damned lies, and statistics.” Statistics is now an accredited branch of applied mathematics; statistical methods are routinely used to prove or disprove the

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter