As stated in an exchange filing, the MoU involves the construction of four multi-purpose vessels, with the final contract anticipated by August 31.
GRSE mentioned that it has established memorandums of intent and understanding with several global partners, indicating a strategic effort to broaden its portfolio beyond defense platforms.
According to the filing, GRSE has signed a memorandum of intent with Carsten Rehder Schiffsmakler und Reederei for four additional 7,500 DWT (deadweight tonnage) multi-purpose vessels. These new ships will complement the eight vessels currently being built at GRSE’s Kolkata yard. The company noted that the upcoming vessels will incorporate hybrid propulsion systems and adhere to the latest cybersecurity standards.
In a related development, GRSE also finalized an MoU with M/s Aries Marine, an independent engineering and design firm based in Dubai that specializes in offshore platforms and vessels. This collaboration aims to enhance GRSE’s global presence in the offshore sector by working together on platform designs from Aries and constructing them at GRSE facilities.
Furthermore, on the same day, GRSE entered into an MoU with a renowned global engine manufacturer, further bolstering its international partnerships.
