Antony receives dividend from Garden Reach

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New Delhi, Dec 14 (UNI) The Garden Reach Shipbuilders and Engineers Limited (GRSE) has paid Rs 10 crore dividend to the Government.

Rear Admiral (Retd) TS Ganeshan, CMD, GRSE presented a cheque for the amount to Defence Minister AK Antony here today towards the Interim Dividend for the current financial year.

The Kolkata based mini-Ratna defence shipyard has embarked upon a Rs 400 crore modernization plan and has already acquired the Raja Bagan Dockyard as a first step in this direction.

The expansion will help in adding new capacities for building modern warships for the Indian Navy and the Coast Guard, an official release said here tonight.


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