Garden Reach Shipbuilders & Engineers Limited (GRSE)
Garden Reach Shipbuilders & Engineers Limited is a Central government defence shipyard under the Ministry of Defence, headquartered in Kolkata. It was accorded Navratna status on 19 June 2026 per company site and reported revenue Rs 7,002 crore and PAT Rs 748 crore in FY2025-26. On 25 June 2026 it announced it had emerged L1 for an electric tug for Syama Prasad Mookerjee Port, Kolkata.
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How we verify →Garden Reach Shipbuilders & Engineers Limited is a Central government defence shipyard under the Ministry of Defence, headquartered in Kolkata. It was accorded Navratna status on 19 June 2026 per company site and reported revenue Rs 7,002 crore and PAT Rs 748 crore in FY2025-26. On 25 June 2026 it announced it had emerged L1 for an electric tug for Syama Prasad Mookerjee Port, Kolkata.
What happened
GRSE is a Defence PSU under the Ministry of Defence with registered office at GRSE Bhavan, 61 Garden Reach Road, Kolkata-700024, origins 1884 as workshop and takeover by Government of India in 1960, per company press page and contact page opened.
Department of Public Enterprises accorded Navratna status on 19-06-2026 announced 20-06-2026; company reports revenue growth from Rs 1,754 crore in FY2021-22 to Rs 7,002 crore in FY2025-26 and PAT from Rs 190 crore to Rs 748 crore per press page opened.
Audited FY2025-26 rounded revenue Rs 7,002 crore and PAT Rs 748 crore per press page; exact Rs 7,002.16cr / Rs 747.93cr, highest-ever and 8 warships claims not verified - BSE filing blocked.
On 25-06-2026 GRSE announced it emerged lowest bidder for a battery-electric tug for Syama Prasad Mookerjee Port, Kolkata per press headline and dateline opened; dimensions 25m/15-tonne bollard-pull, 2-hour endurance, 9-knot, IACS class, prior electric ferry and 13 hybrid ferries not verified in excerpt opened.
What we could not confirm
DPE Public Enterprises Survey Schedule classification not separately opened; district taken as Kolkata for Kolkata municipal address. FY2025-26 employee count not confirmed; FY2024-25 count used.