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CA. Hardik Kachchava

15th Feb · SEBI-Registered Analyst

GRSE Accelerates Execution with New GSI Coastal Research Vessels

GRSE
Garden Reach Shipbuilders & Engineers Ltd. (GRSE), a premier Defence PSU, has officially commenced the construction of two Coastal Research Vessels (CRVs) for the Geological Survey of India (GSI). The ceremonial steel-cutting event, held on February 14, 2026, reinforces GRSE's execution capabilities in delivering highly specialized maritime platforms under the 'Make in India' initiative. Asset Capabilities & Strategic Value The two newly commissioned CRVs are critical additions to India's scientific maritime infrastructure, highlighting GRSE's engineering versatility. Specifications: Each vessel spans 64 meters in length and 13 meters in width, featuring a deadweight tonnage of approximately 461 tons. Operational Scope: Designed with diesel-electric propulsion to operate within India's Exclusive Economic Zone (EEZ) at depths of 5 to 1,000 meters. Scientific Utility: The ships are equipped with state-of-the-art onboard laboratories and Dynamic Positioning-1 systems. They will conduct vital offshore geological mapping, ocean environment monitoring, and mineral exploration (including dredging). Robust Order Book & Revenue Visibility For stakeholders, the GSI project underscores GRSE's expanding dominance beyond traditional defense manufacturing into niche scientific and civilian maritime sectors. GRSE's current robust order book provides excellent multi-year revenue visibility and diversification, featuring: Scientific Platforms: An Ocean Research Vessel for NCPOR (Ministry of Earth Sciences) and an Acoustic Research Ship for NPOL (DRDO). Defense Contracts: 12 warships of various classes currently under construction for the Indian Navy. Export & Green Initiatives: 8 advanced multi-purpose vessels for a German commercial client and 13 hybrid ferries for the West Bengal Government.

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