Garden Reach Shipbuilders & Engineers (GRSE) laid the keel of the first Survey Vessel (Large) in Kolkata.
This first ship is part of the four large Survey Vessels order won by GRSE in competitive bidding process in October 2018. The contract for four Survey Vessel Large was signed between GRSE and Government of India, Ministry of Defence. The total value of the order is Rs 2435.15 crore.
The first ship is to be delivered within 36 months from contract signing date with a project completion time of 54 months.
These vessels are 110m long with deep displacement of 3300 tonne and can accommodate 231 personnel. The vessel will have a cruising speed of 16 knots. The hull form of these new generations Survey Vessel also meets the stringent seakeeping and manoeuvring requirements including helicopter operations at high sea states.
With their state-of-the-art “Survey Payload” comprising of Autonomous Underwater Vehicles, Remote Operated Vehicles, Multi Beam Echo Sounders etc, these Survey Ships will prove to be a game changer in the Indian Navy’s capabilities for coastal and deepwater hydrographic surveys aiding maritime operations. In their secondary role, they will be capable of performing limited search and rescue, limited ocean research and operate as hospital ship or casualty holding ships.
The warship builder posted a more than four-fold jump in net profit to Rs 59.02 crore in the second-quarter (Q2) of the current fiscal, on the back of higher revenue. The company had posted a net profit of Rs 12.78 crore in the corresponding period of 2018-19.
Revenue from operations for the quarter ended September 30, 2019, stood at Rs 439.02 crore compared to Rs 217.70 crore clocked in the same period of previous year. As many as 22 projects are in various stages of construction, with an order book of Rs 27,400 crore, the company said.