Backyard Attain Shipbuilders & Engineers Restricted (GRSE), a warship builder in India, on Sunday introduced that it has recorded an annual turnover to the tune of Rs 3400 crore (provisional & unaudited) for FY 2023-24, up 33 per cent on-year. This, it added, has been pushed by an efficient administration of sources and improved inner efficiencies. GRSE has additionally declared an interim dividend at 79 per cent of paid-up share capital towards 55 per cent of earlier yr.
“FY 2023-24 has been a remarkable year for the company, both in terms of physical and financial performance. Commissioning of the GRSE built ship, MV ‘Ma Lisha’ for the Cooperative Republic of Guyana, was a milestone achievement. Further, GRSE has also delivered the 1st Survey Vessel (Large), INS Sandhayak, the largest Survey Vessel of our nation, on 04 Dec 2023, and the ‘Next Generation Electric Ferry’ to the Govt. of West Bengal on 22 Mar 2024,” it stated in a regulatory submitting.
The corporate additionally signed a MoU with the Border Roads Organisation (BRO) for the fabrication, provide, erection and launching of further 30 Double-Lane Class 70 modular metal bridges in border areas. It additionally obtained an order for indigenously creating and supplying ten 30 mm Naval Floor Gun, from the Indian Navy. It additionally launched the “GRSE Accelerated Innovation Nurturing Scheme (GAINS)” specializing in leveraging the strengths of the start-up ecosystem to foster the spirit of innovation, and AUV “Neerakshi”.
The warship constructing firm below the executive management of the Ministry of Defence, a PCMM Stage-2 Licensed Firm, began operations in 1884 when it began its journey as a small workshop to restore vessels of River Steam Navigation Firm. Immediately, GRSE has constructed over 780 platforms together with 108 warships for the Indian Navy, Indian Coast Guard, and Authorities of Mauritius & Seychelles Coast Guard.
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