Garden Reach Shipbuilders - Good Growth Expected In FY25: Nirmal Bang

Nirmal Bang Report

Garden Reach Shipbuilders and Engineers Ltd. is currently expecting high-value projects/ RFPs from Navy, including Next Generation Corvettes, 02 Multi-purpose vessels, 05 Next-Generation Survey Vessels, 21 Water Jet FAC, 12 Mine counter measure vessels, Next Generation Corvettes, P17 Bravo, the Landing Platform Dock and so on.

In addition, RFPs from Indian Coast Guard are likely to come for 22 interceptor boats, 06 Next-Gen Ocean Going Vessels and 18 Next Generation Fast Patrol Vessels.

The company is also exploring opportunities for Green Ferry for the West Bengal Govt.

The estimated costs for these projects are as follows: 02 multi-purpose vessels – Rs 10 to 20 billion, 05 Next-Gen Survey Vessels – Rs 30 billion, 21 Water Jet FACs – Rs 22 billion, 22 interceptor boats – Rs 12 billion, 06 Next-Gen Ocean Going Vessels – Rs 20 billion, 12 Mine counter measure vessels – Rs 320 billion, Next Generation Corvettes – Rs 360 billion and P17 Bravo ships – Rs 700 billion.

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