Garden Reach Shipbuilders secures letters of Intent worth Rs 491 crore
Garden Reach Shipbuilders & Engineers has received letters of Intent of Award for Contract for Design, development, construction, Integration of Equipment, Testing, certification, commissioning & supply of One Acoustic Research Ship (ARS) from Naval Physical & Oceanographic Laboratory, Government of India, Ministry of Defence DRDO, Kochi. Broad consideration or size of the order is around Rs 491 crore. The order is to be executed within 36 months from signing of contract.
Garden Reach Shipbuilders & Engineers is a shipbuilding company in India under the administrative control of the MoD and primarily adhere to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.