November 09, 2001
'33'
GRSE PRESENTS DIVIDEND CHEQUE WORTH RS 8. 05 CRORE
Garden Reach Shipbuilders & Engineers Ltd has paid a dividend of Rs. 8.05 crore to the shareholders for the year 2000-2001. The Chairman of GRSE, Rear Admiral R Paralikar handed over a dividend cheque worth Rs 8.05 crore to Raksha Mantri Shri George Fernandes here today. GRSE is a Government of India Undertaking under the administrative control of Department of Defence Production & Supplies. The company has posted a profit of Rs. 40.56 crore during the year 2000-2001. During this period the company produced materials worth Rs. 491.06 crore against Rs. 427.30 crore in the previous year.GRSE delivered two Fast Attack Crafts, INS TRINKAT and INS TILLANCHANG during the year 2000-2001. The company also delivered the first Hovercraft H-181, GRSE Yard No. 1121 to the Coast Guard this year. This is the first of the series of the six Hovercrafts to be manufactured for the Coast Guard. At present the company is engaged in the construction of seven Warships which include Frigates, Corvettes and Fast Attack Craft for the Indian Navy and Hovercraft for the Coast Guard.