Published on 11/06/2025 02:46 PM
Garden Reach Shipbuilders wins contract to construct two coastal research vesselsThe ships will have modern, well-equipped scientific laboratories on board for data processing and sample analysis, Garden Reach said.By Shloka Badkar June 11, 2025, 2:46:01 PM IST (Published)2 Min ReadState-run Garden Reach Shipbuilders & Engineers Ltd. on Wednesday, June 11, said it has signed a contract to construct two coastal research vessels (CRV) for the Geological Survey of India (GSI).
Each CRV will be 64-metre-long and 12-metre-wide. The deadweight tonnage of each CRV will be around 450 tonne. The vessels will have an endurance for 15 days with a top speed of 10 knots. Each ship will have facilities for 35 personnel on board, the company said.
The vessels will be able to conduct offshore geological mapping, mineral exploration (including dredging), ocean environment monitoring and research, Garden Reach Shipbuilders said. The ships will have modern, well-equipped scientific laboratories on board for data processing and sample analysis, it added.
"These platforms will be fitted with Dynamic Positioning - 1 to enable them to maintain position even in Sea State 3. Powered by diesel-electric propulsion, with diesel generators driving the thrusters, these ships would operate within the exclusive economic zone of India, in depths of 5-1,000 metre," the company said.
The shipyard is currently building an ocean research vessel (ORV) for the National Centre for Polar and Ocean Research under the ministry of earth sciences and an acoustic research ship for the Naval Physical and Oceanographic Laboratory, an establishment under the Defence Research and Development Organisation (DRDO), the company said.
At present, the shipyard is building 16 warships of four different classes for the Navy. It has also emerged as the lowest bidder for the Navy's Next Generation Corvettes (NGC) programme and expects to be awarded the contract to build five of these vessels, it added. The company is also building eight multi-purpose cargo vessels for a German company.
Shares of Garden Reach Shipbuilders were trading 4.24% lower at ₹3,098.1 apiece at 2.30 pm on Wednesday, June 11. The stock has gained 70.15% in the past month.
Also Read: Indian depository NSDL is said to plan $400 million IPO for JulyContinue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsGarden Reach Shipbuildersshare market today