Defence psu Garden Reach Shipbuilders and Engineers (GRSE) Ltd Monday signed a contract to build eight Anti-Submarine Warfare Shallow Water Crafts (ASWSWCs) for the Indian Navy, an official said here.
The order value for the eight vessels is Rs 6311.32 crore, a senior GRSE official said.
The first ship is to be delivered within 42 months from contract signing date and subsequent ships delivery schedule will be two ships per year, he said.
The project completion time is 84 months from date of signing the contract.
The Kolkata-based GRSE is currently handling major projects for making three stealth frigates under P17A Project, corvettes, landing crafts and four survey vessels for the Navy and fast patrol vessels for Indian Coast Guard.
"In the emerging competitive scenario, it was a huge boost for GRSE when the shipyard was declared successful in the competitive bid for design, construction and supply of eight anti-submarine warfare shallow water crafts for the Navy," he said.
Request for proposal was issued by the Navy to DPSU shipyards and Indian private shipyards in April 2014, with GRSE emerging as the successful bidder, he added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
