Garden Reach Shipbuilders & Engineers Ltd. (GRSE), a leading shipbuilding company in India, has recently secured a significant contract with the Ministry of External Affairs (MEA), Government of India (GoI), for the normal refit of the Mauritius Coast Guard Ship CGS Barracuda (MCGS Barracuda). This contract, funded by the MEA as a grant to the Government of Mauritius, highlights GRSE’s expertise in shipbuilding and maintenance, as well as India’s commitment to strengthening international maritime partnerships. Here’s a detailed look at the key aspects of this contract and its significance.
Key Highlights of the Contract
Awarded by the Ministry of External Affairs (MEA), GoI
The contract has been issued by the Ministry of External Affairs, Government of India, as part of its efforts to support the Government of Mauritius in maintaining its maritime security capabilities.Nature of the Order
The contract involves the normal refit of MCGS Barracuda, a ship originally constructed and supplied by GRSE to the Government of Mauritius in 2014. This refit will ensure the vessel remains operational and efficient for the Mauritius Coast Guard.Scope of Work
GRSE’s offer includes:Services for the refit.
Mandatory spares required for the project.
Additional spares for any extra work, which will be accounted for under Growth of Work.
International Collaboration
While the order is awarded by a domestic entity (MEA, GoI), it is classified as international since it is a grant to the Government of Mauritius. This underscores India’s role in fostering global maritime partnerships.Execution Timeline
The refit is expected to be completed within 10 months from the date the ship becomes available at GRSE’s facility in Kolkata.Order Value
The contract is valued at ₹23.07 crore, with an additional 15% allocated for Growth of Work/Additional Work and Additional Spares (excluding taxes).No Related Party Involvement
GRSE has clarified that the contract does not involve any related party transactions. Additionally, no promoters or promoter group companies have any interest in the entity awarding the order, ensuring transparency and compliance.
What This Means for GRSE
This contract reinforces GRSE’s reputation as a trusted partner in shipbuilding and maintenance, both domestically and internationally. By securing this order, GRSE not only strengthens its order book but also demonstrates its ability to deliver high-quality maritime solutions.
The project also highlights GRSE’s role in supporting India’s diplomatic efforts through technical and infrastructural assistance to friendly nations. As India continues to expand its global influence, GRSE’s contributions to international maritime security are increasingly significant.
