Garden Reach Shipbuilders & Engineers Ipo

Garden reach shipbuilders & engineers ipo

Garden reach shipbuilders & engineers ipo

GRSE is a shipbuilding company in India under the administrative control of the MoD, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.

GRSE derives a significant majority of its revenue from its shipbuilding division, which has contributed 94.14%, 90.13%, 92.19% and 94.76% to GRSE’s gross revenue in fiscals 2018, 2017, 2016 and 2015 respectively.

GRSE Ltd 2017 ( Garden Reach Shipbuilders & Engineers Ltd)

In addition to its ship and warship building capabilities, GRSE is also engaged in engine production and other engineering activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps.

In 1934, GRSE was incorporated under the Indian Companies Act, 1913, and was later acquired by the Government of India from Macneill & Barry Limited on May 19, 1960.

Shortly after becoming a CPSE in 1960, GRSE built India’s first indigenous warship–the INS Ajay, in the year 1961.

Registered Office: 43/46 Garden Reach Road, Kolkata – 700 024, West Bengal, India;
Website: www.grse.in; Corporate Identity Number: L35111WB1934GOI007891

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Garden reach shipbuilders & engineers ipo