Garden Reach Shipbuilders & Engineers Ltd (GRSE) received an order from West Bengal Tourism Development Corporation Limited (WBTDCL) on 24 August 2026 for the procurement of two electric ferries, the shipbuilder said in a BSE filing. The GRSE electric ferry order carries a contract price of ₹45.02 crore.

The domestic contract covers two 100-passenger electric ferries. GRSE disclosed the order under Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract terms disclosed by GRSE

The exchange filing identifies WBTDCL as the entity awarding the contract and classifies both the awarding entity and the order as domestic. The nature of the contract is the procurement of electric ferries.

  • Customer: West Bengal Tourism Development Corporation Limited
  • Scope: Procurement of two 100Pax electric ferries
  • Contract price: ₹45.02 crore
  • Execution period: Within 18 months from the date of signing the contract
  • Order classification: Domestic

The stated execution schedule begins from the contract-signing date rather than the date on which GRSE received the order. The filing did not provide a separate contract-signing date.

Related-party disclosures

GRSE said none of its promoter, promoter group or group companies has any interest in WBTDCL, the entity that awarded the contract. It also confirmed that the order will not fall within related-party transactions.

The disclosure was submitted to BSE, where GRSE is listed under scrip code 542011, and to the National Stock Exchange of India, where the company trades under the symbol GRSE. Company Secretary and Compliance Officer Sandeep Mahapatra signed the filing dated 24 August 2026.

Source: BSE corporate announcement.