Taking yet another stride towards diversification and expansion of its product portfolio, Garden Reach Shipbuilders and Engineers (GRSE) Ltd signed a Memorandum of Understanding with M/s K2 Cranes & Components Pvt Ltd on Wednesday, January 28, 2026, for the design, development, and manufacture of marine, defence and shipyard cranes and associated equipment.
The agreement was signed between Cmde MS Ramesh Menon, IN (Retd), Chief General Manager (BB&DEP), GRSE and Shri M Udayakumar, Managing Director, M/s K2 Cranes & Components Pvt Ltd, in the presence of Cmde PR Hari, IN (Retd), Chaiman and Managing Director, GRSE, Cdr Shantanu Bose, IN (Retd.) Director (Shipbuilding), Capt (IN) P Sunilkumar (Retd.), Director (Corporate Planning & Personnel), Shri Niranjan Bhalerao, Director (Finance) and other senior officials of GRSE and K2 Cranes & Components Pvt Ltd.
This is another step by GRSE to strengthen the country’s Atmanirbharta and ‘Make in India, Make for the World’ goals. The cranes and equipment that will be manufactured indigenously under this agreement, will not only reduce dependence on imports, but also serve international clients.
This collaborative initiative will enable GRSE and K2 Cranes to explore and implement profitable business in respect of cranes utilized for marine, defence and shipyard requirements, both in India and abroad. While GRSE’s mainstay continues to remain warship building and construction of other marine platforms, it also manufactures engineering products. It holds the largest market share in the country in the modular, steel bridges sector, having delivered over 5,900 of them to both domestic and international clients.
Source - GRSE
