Key Highlights
- Garden Reach Shipbuilders & Engineers received a ₹45.02 crore order from West Bengal Tourism Development Corporation Ltd.
- The order covers procurement of two 100-passenger electric ferries.
- The contract was received on August 24, 2026.
- The project is to be completed within 18 months from the date of signing of the contract.
- The order is a domestic contract for procurement of electric ferries.
- The company stated that the order does not involve any related-party transaction.
Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has received an order worth ₹45.02 crore from West Bengal Tourism Development Corporation Ltd. (WBTDCL) for the procurement of two 100-passenger electric ferries.
According to the company’s regulatory disclosure, the order was received on August 24, 2026. The contract involves the procurement of two electric ferries with a capacity of 100 passengers each. The order has been classified as a domestic contract.
The project is scheduled to be completed within 18 months from the date of signing of the contract. The total consideration for the order stands at ₹45.02 crore.
The contract has been awarded by West Bengal Tourism Development Corporation, with the nature of the order involving the procurement of electric ferries. GRSE stated that none of its promoters, promoter group companies or related entities have any interest in the entity awarding the order.
The company also disclosed that the contract does not fall under related-party transactions. The order is part of GRSE’s broader shipbuilding and marine engineering business, which includes projects involving vessels for government and other institutional customers.
The order adds to GRSE’s portfolio of contracts in the electric and environmentally oriented marine transportation segment. The deployment of electric ferries is expected to support cleaner passenger transportation in suitable waterways while reducing dependence on conventional marine propulsion systems.
For investors, the ₹45.02 crore contract represents an additional order inflow for GRSE and provides visibility for execution over the next 18 months. The company will be required to complete the two electric ferries within the stipulated contractual timeline.
