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

A 19th-century pilgrim’s progress

The Travels of a Sadhu in the Himalayas By Jaladhar Sen (Translated by Somdatta Mandal) Speaking Tiger Books, 259 pages, ₹499.00  

India faces critical shortage of skin donors amid rising burn cases

India reports nearly 70 lakh burn injury cases every year, resulting in approximately 1.4 lakh deaths annually. Experts estimate that up to 50% of these lives could be saved with adequate access to skin donations.   A significant concern is that around 70% of burn victims fall wi

Not just politics, let`s discuss policies too

Why public policy matters Most days, India`s loudest debates stop at the ballot box. We can name every major leader and recall every campaign slogan. Still, far fewer of us can explain why a widow`s pension is delayed or how a government school`s budget is actually approved. That

When algorithms decide and children die

The images have not left me, of dead and wounded children being carried in the arms of the medics and relatives to the ambulances and hospitals. On February 28, at the start of Operation Epic Fury, cruise missiles struck the Shajareh Tayyebeh school – officially named a girls’ school, in Minab,

The economics of representation: Why women in power matter

India’s democracy has grown in scale, but not quite in balance. Women today are active participants in elections, influencing outcomes in ways that were not as visible earlier. Yet their presence in legislative institutions continues to lag behind. The Nari Shakti Vandan Adhiniyam was meant to addres

India will be powerful, not aggressive: Bhaiyyaji

India is poised to emerge as a global power but will remain rooted in its civilisational ethos of non-aggression and harmony, former RSS General Secretary Suresh `Bhaiyyaji` Joshi has said.   He was speaking at the launch of “Rashtrabhav,” a book by Ravindra Sathe


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter