Posted on September 8, 2026
Expanding its technological frontier and global competitiveness on the international stage, Garden Reach Shipbuilders & Engineers (GRSE) Ltd., a Navratna Defence Public Sector Undertaking under the Ministry of Defence, Government of India, signed a Memorandum of Understanding (MoU) with global maritime organisation Damen Technical Cooperation B.V., Netherlands, on 02 Sep 26 during the SMM Hamburg Maritime Trade Fair in Germany. The MoU intends to establish a technical and business collaboration framework to explore the design and construction of advanced dredgers in India.
The MoU combines GRSE’s shipbuilding capabilities with Damen’s globally proven expertise in Trailing Suction Hopper Dredgers (TSHD) and Water Injection Dredgers (WID).
The Key areas of cooperation include:
– Advanced dredger design and technology
– Technical know-how transfer
– Joint design and construction proposals
– Development of indigenous dredger-building capabilities
– Long-term cooperation for future dredging requirements
The partnership builds on the existing collaboration between GRSE and Damen, including the1,000 m³ dredger currently under construction for the Bangladesh Inland Water Transport Authority (BIWTA). The MoU will further strengthen GRSE’s position in the specialised dredger segment and support India’s growing requirements fo modern dredging capabilities.
“Combining global design expertise with Indian shipbuilding strength to build the next generation of dredgers for India and beyond.”
Shares of Garden Reach Shipbuilders & Engineers Limited was last trading in BSE at Rs. 2495.55 as compared to the previous close of Rs. 2531.80. The total number of shares traded during the day was 38270 in over 3538 trades.
