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Business Standard

GRSE rallies after bagging contract to construct 4 multi-purpose vessels

Garden Reach Shipbuilders & Engineers (GRSE) jumped 3.15% to Rs 1,771.35 after the firm has signed a contract with Carsten Rehder Schiffsmakler and Reederei GmbH & Co., KG Germany for construction and delivery of additional 4 multi-purpose vessels.

CNBC TV18

Garden Reach Shipbuilders bags $54-million German order for four more cargo vessels

Back in June 2024, Garden Reach Shipbuilders and Engineers signed an agreement with Carsten Rehder Schiffsmakler and Reederei GmbH & Co for the construction and delivery of four multi-purpose cargo vessels. Shares of Garden Reach Shipbuilders and Engineers Ltd ended at ₹1,717.25, down by ₹8.40, or 0.49%, on the BSE.

Business Standard

GRSE wins order for multi-purpose vessels of 7500 DWT

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Mint

HAL, Mazagon, Cochin Shipyard, BDL, GRSE: Defence PSU shares surge after DAC's ₹1.45 trillion capital allocation

Defence Stocks: The recent surge in capital allocation by the union government has ignited a wave of optimism, propelling defence PSU stocks to new heights.

The Economic Times

PSU defence stocks GRSE, HAL, Mazagon Dock rally up to 8% ahead of defence ministry meeting

Shares of defence companies like HAL, Garden Reach Shipbuilders, and others saw significant gains ahead of a crucial defence ministry meeting to review projects. Key discussions will include constructing advanced frigates for the Indian Navy and replacing the Army's T-72 tanks with modern combat vehicles. The sector received additional momentum from the approval of procurement plans.

The Economic Times

GRSE shares surge up to 7% on signing of MoU with NHIDCL

GRSE stock surged by up to 7% after Garden Reach Shipbuilders & Engineers signed an MoU with the National Highway Infrastructure Development Corporation. The agreement involves the construction and delivery of Double-Lane Class 70 Modular steel & Bailey bridges, enhancing connectivity along India's borders.

Business Line

GRSE signs MoU with NHIDCL for Double-Lane Modular bridges

Garden Reach Shipbuilders & Engineers’ shares trade 2.65% higher at ₹1,803.60 on NSE

Business Standard

GRSE Q1 results: PAT up 13% at Rs 87cr amid profit margin contracts

Garden Reach Shipbuilders & Engineers Limited (GRSE), a leading public sector warship builder, reported a 13 per cent increase in net profit for the first quarter ended June 2024, reaching Rs 87 crore. The profit growth was driven by a substantial 34 per cent rise in revenue from operations, which surged to Rs 1,010 crore compared to Rs 756 crore in the same period last year. Earnings per share (EPS) improved to Rs 7.6, up from Rs 6.6 in Q1 FY24. Despite the profit increase, the company's net profit margin contracted to 8.64 per cent from 10.14 per cent year-on-year. GRSE chairman and managing director Cmde Hari PR expressed optimism about the company's growth trajectory, citing strong financial results for Q1 FY25. He noted that the company is confident of maintaining its growth trend, supported by a robust order book and effective project execution plans. "The shipyard is on a growth trajectory, and the Q1FY25 financial results have been very encouraging. Considering our current

Business Standard

GRSE to build ocean research vessel in collaboration with NCPOR

Defence PSU Garden Reach Shipbuilders and Engineers Limited (GRSE) signed a contract with the National Centre for Polar and Ocean Research (NCPOR) for constructing an ocean research vessel, an official said on Wednesday. The contract, worth approximately Rs 840 crore, was signed between GRSE and NCPOR officials for the construction of the vessel in 42 months, the shipyard informed the stock exchanges. The Kolkata-headquartered warship builder said it has the necessary expertise in the field of survey vessels and has been building them for the Indian Navy for nearly four decades now. The contract was signed by the officials of the shipyard and NCPOR in Goa on Tuesday, the GRSE official said in a statement. In December 2023, GRSE delivered the INS Sandhayak, the largest survey vessel to be built in the country, to the Indian Navy. Three more vessels of this class are at various stages of completion at the shipyard, he said, adding that this experience will stand GRSE in good stead wh

Business Line

HAL, BEL, Cochin Shipyard, Mazagon Dock, GRSE, Midhani: Goliath valuations vis-a-vis global peers

Analysis of Indian defence stocks, showing comparisons with global peers, highlighting potential risks and overvaluation, urging caution for investors

The Economic Times

PSU shipyard GRSE to build ocean-going tug for Bangladesh

The tug's primary roles will include towing ships at sea, both alongside and astern, assisting them during berthing and casting off, and aiding in turning through pushing and pulling, the GRSE official said. The vessel will also have the capability to carry out rescue and salvage operations at sea.