Garden Reach Shipbuilders and Engineers (GRSE) has announced a significant expansion of its shipbuilding capacity with a new shipyard facility outside of Kolkata. This move supports a growing order pipeline and reflects sustained demand from both defence and commercial markets, as well as growing export opportunities.
GRSE is establishing a greenfield shipyard outside Kolkata aimed at addressing the sharp increase in defence and commercial maritime requirements. The company had increased its shipbuilding capacity from 20 to 24 ships in 2024 and now plans to further expand this to 28 by the end of 2025.
The additional capacity will be achieved by reviving certain defunct facilities and acquiring dry docks on long-term leases from external agencies. This marks a strategic shift for GRSE as it strengthens its position as a leading player in Indian defence and shipbuilding sectors.
As of March 31, 2025, GRSE holds a robust order book valued at ₹22,680 crore. This demonstrates strong market confidence in the company’s capabilities amid record-breaking annual revenue of ₹5,075 crore recorded in FY25.
The revenue and order flow are buoyed by consistent defence contracts from the Indian Navy and Coast Guard, alongside international orders for medium-sized vessels and specialised crafts.
In line with its expansion, GRSE has aligned with the government of West Bengal’s vision of becoming a manufacturing hub for defence-related industries. The state has expressed interest in establishing a defence-focused industrial park, which would further enable growth and attract allied investments.
Such infrastructure support is expected to benefit GRSE’s long-term development and deepen its footprint in both national initiatives like ‘Make in India’ and global shipbuilding projects.
The company is not only expanding capacity but also enhancing its expertise through international collaborations. In June 2025, GRSE signed Memoranda of Understanding in Denmark and Sweden to co-develop propulsion systems and cruise vessels, marking its commitment to innovation and international cooperation.
These developments are poised to bolster the company’s technological base and open up new export channels for customised maritime solutions.
GRSE’s expanded infrastructure and shipbuilding capacity are expected to meet India’s future marine requirements, including frigates, corvettes, ferries and auxiliary vessels. Its advancement supports the Indian Navy’s fleet modernisation while also offering vessels for overseas clients.
The 2025 roadmap includes upgrading existing operational docks, optimising turnaround times and improving modular construction techniques, making GRSE a globally competitive shipyard.
On June 17, 2025, Garden Reach Shipbuilders & Engineers Limited share price opened at ₹3,074.90 on NSE, above the previous close of ₹3,068.60. During the day, it surged to ₹3.152.00 and marked an intraday low of ₹3,045.20. The stock is trading at ₹3,138.20 as of 10:31 AM. The stock registered a significant gain of 2.27%.
Over the past week, Garden Reach Shipbuilders & Engineers Limited has moved up by 1.28%; over the past month, it has gained 31.06%; and over the past 3 months, it has rallied 134.80%.
Garden Reach Shipbuilders and Engineers is undertaking a strategic capacity expansion through the development of a new greenfield shipyard outside Kolkata. With a ₹22,680 crore order book, renewed infrastructure, and global collaborations, GRSE is positioning itself as a future-ready builder in the maritime space for defence and commercial needs.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jun 17, 2025, 12:13 PM IST
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