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Sanjay Ahuja

4th Sep · SEBI-Registered Analyst

GARDEN REACH SHIPBULDERS INKS MOU WITH DNV IN GERMANY

Kolkata-based defense company

GRSE
has signed a strategic partnership with the Norway-headquartered maritime organisation Det Norske Veritas (DNV). The Memorandum of Understanding (MoU) was formalised during the prestigious SMM Hamburg Maritime Trade Fair held in Germany, one of the world's leading international maritime industry events. This agreement merges the company's extensive legacy in marine engineering, warship design, and construction with DNV’s worldwide authority in technical assurance, certification, sustainability, digitalisation, and maritime advisory services. Through this collaboration, the two entities will concentrate on engineering state-of-the-art warships and specialised maritime vessels, alongside pioneering green shipping alternatives and ecologically sustainable marine technologies. GRSE is a Navratna Defence Public Sector Undertaking under India's Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.

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