Garden Reach Shipbuilders Approves Rs 2,896 Crore Greenfield Shipyard At Raichak

Board approved Rs 2896 Cr capital outlay for Greenfield Shipyard at Raichak to expand shipbuilding capacity across naval and commercial segments. Clears key step for long-pending Raichak greenfield plan to ease riverine constraints and lift concurrent build capacity for naval and commercial pipeline. Moves cash-rich advance-funded yard toward large phased build; funding, phasing, timelines and final approvals undisclosed; execution and order conversion key.