Titagarh Rail Systems has secured a letter of intent from Garden Reach Shipbuilders & Engineers (GRSE) for Ship Construction of 02 (two) Vessels. The Vessels will be built for Garden Reach Shipbuilders & Engineers intended for use by Geological Survey of India. The Ships are research vessels for use in Coastal Exploration. The main activities of the vessels shall include:
• Offshore geological mapping • Mineral Exploration, including dredging • Ocean Environment monitoring and research • Shipboard data processing and sample analyses in modern, well-equipped scientific laboratories
The order is valued at Rs 445 crore, plus Rs 22.25 crore towards GST, aggregating to a total order value of Rs 467.25 crore. The vessels will be built under the classification regulations of Indian Register of Shipping.