GRSE Secures $16.6 Million Contract to Supply Advanced Dredger to Bangladesh

Garden Reach Shipbuilders & Engineers (GRSE) has signed a $16.6 million contract with the Bangladesh Inland Waterways Transport Authority (BIWTA) to build an advanced dredger for the Government of Bangladesh.

"This agreement marks another milestone in GRSE’s ongoing commitment to fostering international cooperation and delivering high-quality maritime solutions," the company, a Government of India Undertaking under the Defence Ministry, announced on Friday.

Under this contract, GRSE will supply a state-of-the-art Trailing Suction Hopper Dredger (TSHD) with a hopper capacity of 1,000 cubic meters. The contract was signed in Dhaka.

"GRSE’s consistent success in international markets is a testament to its expertise and reliability in shipbuilding and related services. The shipyard is currently executing an order to build six patrol boats for the Sustainable Coastal and Marine Fisheries Project under the Department of Fisheries, Government of Bangladesh," the company added.

In a stock exchange filing, GRSE revealed that it has become the lowest bidder (L1) for constructing a research vessel for the Defence Research and Development Organisation (DRDO). The order value is likely to be around ₹500 crore, and the contract is currently under negotiation.

HBL