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& Engineers (GRSE) has signed a contract with Germany’s Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG in Hamburg, Germany, for the construction of four Hybrid Multi-Purpose Vessels (MPVs) at a total value of $62.44 million. This agreement represents a natural extension of the successful partnership between GRSE and Carsten Rehder, following the ongoing 7,500 DWT Multi-Purpose Vessel (MPV) project currently under execution in Kolkata. Housing and Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with NBCC (India), on September 19, 2025. The non-binding MoU is for development of commercial plot at Kaushambi, Ghaziabad (Uttar Pradesh), institutional plot at Panchkula (Haryana), construction of additional blocks at HUDCO Regional Office, Ahmedabad (Gujarat) and reconstruction of residential flats at Asian Games Village Complex, New Delhi on turnkey basis as Deposit work. Swan Defence and Heavy Industries (SDHI) has signed a Memorandum of Understanding (MoU) with the Gujarat Maritime Board (GMB) for a strategic investment of Rs 4250 crore. The partnership is set to modernize shipyard infrastructure, strengthen domestic supply chains and build a sustainable talent pipeline for India’s maritime industry. This strategic investment will be deployed across three key projects at the shipyard in Pipavav Port, Gujarat, that is home to India's largest dry dock, with capacity to build vessels up to 400,000 DWT.