GRSE signed the agreements on September 2 during the SMM Hamburg Maritime Trade Fair in Germany. The company said there is no financial implication ascertained at present from the MoUs.
GRSE, DNV to collaborate on advanced shipbuilding
Under the MoU with DNV, GRSE will combine its expertise in warship design, shipbuilding and marine engineering with DNV’s capabilities in classification, certification, technical assurance, digitalisation, sustainability and maritime advisory services.
The collaboration will focus on advanced warships and specialised vessels, green shipping and sustainable technologies, digital shipbuilding, artificial intelligence and Industry 4.0, as well as skill development, training and knowledge exchange.
GRSE said the partnership is expected to strengthen its capabilities in digitalisation, green technologies and advanced shipbuilding practices, while supporting its ability to undertake technologically sophisticated defence and commercial shipbuilding projects.
Damen pact targets advanced dredgers
Separately, GRSE signed an MoU with Damen Technical Cooperation B.V. to establish a technical and business collaboration framework for exploring the design and construction of advanced dredgers in India.
The partnership will combine GRSE’s shipbuilding capabilities with Damen’s expertise in Trailing Suction Hopper Dredgers (TSHD) and Water Injection Dredgers (WID). Areas of cooperation include technology and design, transfer of technical know-how, joint design and construction proposals, indigenous dredger-building capabilities, and future dredging requirements.
The agreement builds on an existing collaboration between the two companies, including a 1,000-cubic-metre dredger currently under construction for the Bangladesh Inland Water Transport Authority (BIWTA). GRSE said the new MoU will strengthen its position in the specialised dredger segment and support India’s requirements for modern dredging capabilities.
GRSE’s shipbuilding capabilities
GRSE, a Navratna defence PSU under the Ministry of Defence, said it has built more than 800 platforms, including 118 warships for the Indian Navy, Indian Coast Guard and friendly foreign countries. The company has four shipyards and can undertake concurrent construction of up to 28 ships.The two MoUs expand GRSE’s collaboration with international maritime technology companies beyond its core warship-building operations, with the Damen agreement also opening a potential avenue in specialised commercial maritime infrastructure.
Shares of Garden Reach Shipbuilders are trading 1.5% higher after the MoU announcement on Thursday at ₹2,531.8. The stock is up 4% so far this year.
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