Mumbai, Sept. 20 -- The total value of this contract is Rs $62.44 million.

This agreement represents an extension of the successful partnership between GRSE and Carsten Rehder, following the ongoing 7,500 DWT multi-purpose vessel (MPV) project currently under execution in Kolkata.

GRSE has ventured into construction of these four hybrid propulsion MPVs with a provision of additional two vessels of hybrid propulsion type. This milestone underscores the shipyard's expanding global footprint in commercial & green shipbuilding.

These MPVs will be 120 metres long and 17 metres wide, with a maximum draft of 6.75 metres. The vessels are designed to carry 7,500 metric tonnes of cargo in a single large cargo hold, capable of accommodating bulk,...