Kolkata: In pursuance with its efforts towards developing state-of-the-art indigenous equipment & systems, Garden Reach Shipbuilders and Engineers (GRSE) Ltd signed a memorandum of understanding (MoU) with Hyderabad-based Medha Servo Drives Pvt Ltd on July 30, 2024, for the joint manufacture of advanced electrical/electronic equipment and systems. Such equipment and systems, to be used both on naval and commercial platforms, will be manufactured under the joint brand name of Medha Servo Drives Pvt Ltd and GRSE.
The MoU aims to synergise the vast experience and expertise of GRSE in shipbuilding and the integration of sophisticated systems on board vessels, and the extensive technological know-how of Medha Servo Drives Pvt Ltd in the field of electrical and electronic equipment. The items covered under the MoU include control and monitoring systems, electrical propulsion systems for marine applications and PGD components.
The MoU was signed by Cmde Rajiv Sreedharan, IN (Retd), CGM (Innovation & New Technology), GRSE and Vishwas Rajendra Moktali, GM (Marketing), Medha Servo Drives Pvt Ltd, in the presence of Cmde PR Hari, IN (Retd), Chairman and Managing Director, GRSE, RK Dash, Director (Finance), GRSE, Cdr Shantanu Bose, IN (Retd), Director (Shipbuilding), GRSE, DIG Subrato Ghosh, ICG (Retd), Director (Personnel), GRSE, and senior officials of GRSE and Medha Servo Drives Pvt Ltd.
This tie-up will be a major boost to the Government of India’s Aatmanirbharta and ‘Make in India’ initiatives.
GRSE has already delivered a record 109 warships to India’s maritime defence forces. While warship building continues to remain GRSE’s mainstay, the company is also a pioneer in the field of portable steel bridges. GRSE has also diversified into fields such as ship repairs and refits and the manufacture of 30 mm Naval Surface Guns (NSGs).
The shipyard also designs and builds specialised vessels, both for the domestic and international markets. Recently, GRSE signed a contract with the National Centre for Polar & Ocean Research (NCPOR) for the supply of an Ocean Research Vessel. The shipyard is also building a tug and dredger for Bangladesh and at least four multi-purpose vessels for a German company.
Medha Servo Drives Pvt Ltd, founded in 1984, is an established player in rail transportation in India. Over the last 40 years the company has grown with a sales revenue of approximately Rs 2,000 crore. Medha has always used Research and Development as a tool for success. Medha’s R&D Centre has all the infrastructure required for developing sophisticated products. In addition to the railway domain, Medha has now diversified its product portfolio to include Solar inverters and Electric Vehicle Propulsion Systems. Globally, the company has already established itself in the European region.
