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The Economic Times

Economy / The Economic Times

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GRSE bags Rs 1,032 crore contract from ONGC to build four offshore support vessels

Garden Reach Shipbuilders secured a significant Rs 1,032 crore contract from ONGC. This agreement involves the construction of four advanced Platform Supply Vessels. These vessels will feature a hybrid propulsion system and advanced battery technology. The project diversifies GRSE's portfolio into the commercial offshore vessel segment. This initiative will bolster India's indigenous shipbuilding and offshore energy infrastructure capabilities.

3 Aug 2026 2:35 pm