GRSE announces Rs 2,670 cr capex to improve shipbuilding capabilities

Garden Reach Shipbuilders & Engineers is undertaking capacity expansion initiatives at Raichak, Timber Pond facility -Shalimar and Damodar facility - Khidderpore Docks to strengthen its indigenous shipbuilding capabilities, support future growth and enhance the ability to execute larger and more complex projects with capital expenditure cost of Rs 2500 crore, Rs 100 crore and Rs 70 crore, respectively, aggregating to Rs 2670 crore.