Garden Reach Shipbuilders & Engineers (GRSE) has received an additional $54 million contract from Carsten Rehder Schiffsmakler and Reederei GmbH & Co., KG Germany for 4 multi-purpose vessels. Earlier, GRSE had signed a contract with Carsten Rehder Schiffsmakler and Reederei GmbH & Co., KG Germany, on June 22, 2024, for construction and delivery of Multi-Purpose Vessels, with an option of building another four ships in near future.
On September 18, 2024, the company has received a confirmation from the customer to buy and deliver additional four Multi- Purpose Vessels, on the existing terms and Conditions. The size of the order is additional around $54 million for further four vessels. The total value would be around $108 million for eight Vessels.
Garden Reach Shipbuilders & Engineers is a shipbuilding company in India under the administrative control of the MoD and primarily adhere to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.
