The Garden Reach Shipbuilders & Engineers has signed a concessional agreement with Syama Prasad Mookerjee Port, Kolkata (SMPK) for utilising three Kidderpore Dry Docks along with its associated facilities.
The concessional agreement will be for a period of 15 years which is further extendable for another 15 years.
This facility will be utilised for ship repair and refit activities for Naval & Coast Guard Ships, Port Trust Vessels as well as commercial ships. As per the concessional agreement, the profit generated will be shared equally between GRSE and SPMK.