Details of MoUs Signed
MoU with DNV (Det Norske Veritas):
- Signed on September 2, 2026, during SMM Hamburg Maritime Trade Fair in Germany
- Focuses on establishing expertise in warship design, shipbuilding and marine engineering
- Combines GRSE's capabilities with DNV's global expertise in classification, certification, technical assurance, digitalization, sustainability and maritime advisory services
- Key collaboration areas include: advanced warships and specialized vessels, green shipping and sustainable technologies, digital shipbuilding, AI and Industry 4.0, skill development, training and knowledge exchange
MoU with Damen Technical Cooperation B.V., Netherlands:
- Signed on September 2, 2026, during SMM Hamburg Maritime Trade Fair in Germany
- Establishes technical and business collaboration framework to explore design and construction of dredgers for Indian customers
- Combines GRSE's shipbuilding capabilities with Damen's expertise in Trailing Suction Hopper Dredgers (TSHD) and Water Injection Dredgers (WID)
- 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
- Builds on existing collaboration including 1,000 m³ dredger currently under construction for Bangladesh Inland Water Transport Authority (BIWTA)
Financial Implications
- No financial implication ascertained at present
Company Background Context
GRSE is a Navratna Defence Public Sector Undertaking under Ministry of Defence, Government of India, established in 1884. The company has built over 800 platforms including 118 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries. GRSE has four distinct shipyards and can undertake concurrent construction of 28 ships at a time.