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Garden Reach Shipbuilders enters into contract with GoI

Garden Reach Shipbuilders enters into contract with GoI

Garden Reach Shipbuilders & Engineers has entered into a contract with the Government of India (GoI), Ministry of Defence, for construction and delivery of number 04 Survey Vessels (Large) at an estimated cost of Rs 2,435.15 crore, under fixed price basis.

The 1st ship is to be delivered within 36 months from the contract signing date i.e. October 30, 2018. The subsequent ships are to be delivered with a gap of 6 months each from the delivery of the previous ship. The project is expected to be completed within 54 months from the date of signing of the contract.

Garden Reach Shipbuilders & Engineers is a ship-building 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.