GRSE pays Rs cr interim dividend

New Delhi, Feb 20 (UNI) Garden Reach Shipbuilders and Engineers Ltd (GRSE), Kolkata, today paid a cheque for more than 10 crore to the government as interim dividend for 2006-07.

The cheque was presented by GRSE CMD Rear Admiral TS Ganeshan (Retd) to Defence Minister A K Antony here.

A Category-I Miniratna', GRSE has delivered one landing ship tank (large) INS Shardul and two fast attack craft INS Battimaly and INS Baratang during the current fiscal.

The shipyard has now embarked upon ambitious expansion and modernisation plan, and has already acquired the Rajabagan Dockyard (RBD) as a first step in this direction.

The acquisition of RBD and modernisation will significantly contribute to meeting the growing needs of the country maritime security, especially the warships for the Indian Navy and the Coast Guard, a Defence Ministry release said.

UNI