SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

GRSE signs contract with Government of West Bengal for delivery of 13 Hybrid Ferries

19 Nov 2024 Evaluate

Garden Reach Shipbuilders and Engineers (GRSE) has signed a contract with the Transport Department, Government of West Bengal, for the delivery of 13 hybrid ferries on November 19, 2024. The ferries will be operated on the River Hooghly by the West Bengal Transport Infrastructure Development Corporation (WBTIDCL).

These vessels will have catamaran hull design and be built with aluminum and Fiber Reinforced Polymer or FRP. The hybrid electric propulsion systems will be powered by batteries as well as diesel generators. The hybrid system will offer greater flexibility to the operator to switch from one mode to the other as per requirement, allowing for greater safety. The use of batteries will reduce pollution substantially.

Of the 13 ferries for which the contract was signed, six will have twin decks with a capacity of 200 passengers each. The main deck will be air-conditioned. These vessels will be about 30 meters long and 8-10 meters wide. Their maximum speed will be 12 knots and each will require a crew of five. The estimated cost of these six vessels is Rs 126.41 crore (excl. GST).

GRSE had earlier been assigned by the Government of West Bengal to design a prototype for a next generation zero-emission ferry. This ferry, named ‘Dheu’ was launched by GRSE on January 11, 2024 and technically accepted on March 22, 2024.

The remaining seven vessels will have only a single deck with a passenger capacity of 100. These ferries will be nearly 25 meters long and 8 meters wide with a top speed of 9 knots. There is provision for five crew members on board. These seven vessels are expected to cost nearly Rs 99.77 crore (excl. GST). As per the contract, the hybrid ferries will carry passengers in all-weather conditions on River Hooghly (part of National Waterway - 1, the Ganga-Bhagirathi-Hooghly River System) in the Kolkata Metropolitan Area (KMA), stretching from Triveni in the north to Diamond Harbour in the south.

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.

Garden Reach Ship Share Price

2712.10 103.60 (3.97%)
17-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×