GRSE has signed separate MoUs with DNV and Damen to boost its shipbuilding, green tech and dredger construction capabilities.

The state-run defence company inked both deals on September 2 at the SMM Hamburg Maritime Trade Fair in Germany.

The first MoU is with DNV, formerly known as Det Norske Veritas, a Norwegian organisation known for vessel classification, certification and maritime advisory work.

The partnership brings GRSE shipbuilding experience together with DNV’s expertise in advanced warships, green shipping technology and digital shipbuilding tools like AI and Industry 4.0 systems.

Training and skill exchange between the two teams are also part of the plan. The second deal, with Netherlands-based Damen Technical Cooperation, moves into different territory altogether, dredgers.

GRSE and Damen will explore designing and building dredgers for Indian customers, pairing GRSE’s manufacturing base with Damen’s know-how in Trailing Suction Hopper Dredgers and Water Injection Dredgers.

The idea is to eventually build these vessels within India rather than import them. The two companies already know each other.

GRSE is currently building a dredger for the Bangladesh Inland Water Transport Authority, and this fresh MoU builds on that ongoing work.

For now, GRSE says neither agreement has any financial impact, since both remain at the planning and collaboration stage rather than signed, priced contracts.

The company filed disclosures for both MoUs with the NSE and BSE on September 3, as listing rules require.

GRSE functions under the Ministry of Defence and has built over 800 vessels through the years, including 118 warships for the Navy and Coast Guard.

Dredgers would be a new commercial line for a company that has mostly stuck to defence work until now.

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