GRSE Bags ₹1,032 Crore ONGC Contract for Platform Supply Vessels

Garden Reach Shipbuilders & Engineers secures a landmark domestic contract to build four advanced Platform Supply Vessels, reinforcing India's maritime self-reliance.

KOLKATA — In a major boost to India’s maritime manufacturing and offshore energy infrastructure, Garden Reach Shipbuilders & Engineers Ltd. (GRSE)—a Navratna Defence Public Sector Undertaking under the Ministry of Defence—has received a Notification of Award (NOA) from the Oil and Natural Gas Corporation Limited (ONGC). Officially announced on July 30, 2026, the contract is valued at approximately ₹1,032.07 crore (including GST) and mandates the design, construction, and delivery of four Platform Supply Vessels (PSVs).

The project, scheduled for completion within 48 months, marks a significant commercial diversification for the Kolkata-headquartered shipyard, cementing its growing footprint in commercial and offshore support vessel construction.

Advanced Design and Hybrid Propulsion Technology

According to official technical disclosures from GRSE, the newly commissioned vessels will adhere strictly to the rules of the Indian Register of Shipping (IRS). Engineered to support deep-water exploration and production, each vessel will measure approximately 80 metres in length, with a 20-metre beam, a deadweight capacity of 3,000 tonnes, and a clear deck area of roughly 650 square metres. They are designed with an endurance of 45+3 days to handle rigorous offshore logistics missions.

A standout feature of the build is the integration of an advanced hybrid propulsion architecture. The system combines electrically driven azimuth thrusters with a Lithium-Ion Battery Energy Storage System. According to company statements, this configuration optimizes peak load management, powers dynamic positioning operations, and strengthens emergency response functions while drastically lowering emissions.

Strategic Significance and Commercial Expansion

The contract represents a pivotal expansion of GRSE’s operational repertoire. With over six decades of shipbuilding history—having delivered upwards of 800 platforms, including 118 warships to the Indian Navy, Indian Coast Guard, and international clients—the shipyard continues to leverage its unique infrastructure advantage of four distinct units capable of concurrent construction.

According to corporate filings submitted to BSE Limited and the National Stock Exchange of India (NSE), the transaction is independent and does not constitute a related-party agreement.

Official Sources Section

• Project awards, financial valuations, and milestone timelines are sourced directly from regulatory disclosures filed with National Stock Exchange of India (NSE) and BSE Limited by Garden Reach Shipbuilders & Engineers Ltd. (GRSE).

• Technical specifications and vessel design parameters are verified via official corporate press releases issued by GRSE.

Quote Section

"According to officials, the contract from ONGC marks a vital milestone in diversifying GRSE's shipbuilding portfolio, reinforcing indigenous maritime capabilities, and delivering sustainable, technologically advanced solutions for India's offshore energy sector."

Why It Matters

For India’s burgeoning energy sector, secure and technologically advanced offshore logistics are crucial for maintaining uninterrupted oil and gas exploration. For investors and market analysts, the ₹1,032.07 crore order bolsters GRSE's order book visibility, proving that the public sector undertaking can successfully transition its defense-grade manufacturing precision into high-value commercial and green-energy maritime projects.

Key Facts at a Glance

• Contract Value: ₹1,032.07 crore (inclusive of GST).

• Awarding Entity: Oil and Natural Gas Corporation Limited (ONGC).

• Executing Entity: Garden Reach Shipbuilders & Engineers Ltd. (GRSE).

• Project Scope: Design, construction, and delivery of four Platform Supply Vessels (PSVs) within a 48-month window.

• Key Innovation: Hybrid propulsion featuring Lithium-Ion battery storage and azimuth thrusters.

FAQ Section

What is the total value of the ONGC contract awarded to GRSE?

The contract is valued at approximately ₹1,032.07 crore, inclusive of GST.

What type of vessels will GRSE construct under this agreement?

GRSE will construct four Platform Supply Vessels (PSVs) equipped with hybrid propulsion systems for offshore logistics and exploration support.

What is the stipulated timeframe for project completion?

The project is scheduled for completion within 48 months from the date of the Notification of Award (NOA).

Where can official disclosures for this contract be accessed?

Regulatory filings and corporate updates are published officially on the portals of BSE Limited and the National Stock Exchange of India (NSE).

Source: Garden Reach Shipbuilders & Engineers Ltd. (GRSE), National Stock Exchange of India (NSE), Oil and Natural Gas Corporation Limited (ONGC)