Kolkata: Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has secured an order worth ₹45.02 crore from the West Bengal Tourism Development Corporation Limited (WBTDCL) for the procurement of two 100-passenger electric ferries.
The order was received on August 24, 2026, and was disclosed by GRSE in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
GRSE Electric Ferry Order Details
Under the contract, GRSE will supply two electric ferries, each with a passenger capacity of 100 people.
The key details of the order are:
- Order value: ₹45.02 crore
- Customer: West Bengal Tourism Development Corporation Limited
- Scope: Procurement of two 100-passenger electric ferries
- Nature of order: Supply of electric ferries
- Project completion: Within 18 months from the date of signing of the contract
- Order type: Domestic
The project is expected to support West Bengal’s efforts to strengthen tourism-related transportation infrastructure while promoting cleaner mobility solutions.
Electric Ferries to Support Sustainable Tourism
The procurement of electric ferries highlights the growing focus on environment-friendly transportation and sustainable tourism infrastructure.
The 100-passenger ferries are expected to provide an efficient and cleaner mode of water-based transportation for tourists as well as local commuters.
The project also reflects the increasing adoption of electric mobility solutions in public transportation and tourism-related infrastructure.
GRSE Confirms Contract and Related-Party Details
GRSE stated that the order does not constitute a related-party transaction.
The company also confirmed that there is no interest of any promoter or promoter group entity in the awarding organisation.
The contract provides GRSE with a defined 18-month execution timeline from the date of contract signing.
₹45.02 Crore Order Expands GRSE’s Project Portfolio
The latest order adds to GRSE’s portfolio beyond its traditional defence shipbuilding activities.
The company is a significant player in India’s shipbuilding industry and has been expanding its capabilities across various maritime and vessel-building projects.
The electric ferry order also highlights the potential for shipbuilders to contribute to India’s transition towards energy-efficient and sustainable maritime transportation.
GRSE Shares Trade Higher
Following the order announcement, GRSE shares were trading higher by 0.72% at ₹2,620.20 on the BSE, according to the information provided.
The new contract comes amid growing interest in sustainable transportation solutions and could further strengthen GRSE’s presence in the commercial and passenger vessel segment.
About GRSE
Garden Reach Shipbuilders & Engineers Limited (GRSE) is a government company and a public sector undertaking under the administrative control of the Ministry of Defence, Government of India. Headquartered in Kolkata, GRSE is one of India’s leading shipbuilders and primarily builds warships and other vessels for the Indian Navy and Indian Coast Guard.
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