Garden Reach Shipbuilders & Engineers Ltd has emerged as the lowest bidder (L1) for a contract valued at approximately ₹40.00 crore from Shyama Prasad Mukherjee Port, Kolkata (SMPK). The company secured the L1 status for the supply of one 15-TON Electric Bollard Pull Tug, with the bid for this tender opened on 23 Jun 2026. This development signals a potential expansion in the company's order book within the defense and shipbuilding sector.

The disclosure was submitted in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The letter was signed by Sandeep Mahapatra, Company Secretary and Compliance Officer.

Order Details

The following table summarises the key details of the tender:

Garden Reach Shipbuilders & Engineers Ltd was accorded Navratna status by the Department of Public Enterprises, Ministry of Finance, Government of India, on June 19, 2026. This elevation recognizes the company's robust financial performance, operational efficiency, and contribution to national security. The status grants the Public Sector Enterprise greater financial autonomy to make larger investments and expand its operations, particularly as it pursues brownfield and greenfield expansion projects.

The company's financial performance over the last five years reflects a significant growth trajectory. Revenue from Operations increased from ₹1,754 crore in FY 2021-22 to ₹7,002 crore in FY 2025-26, registering an increase of nearly 300%. During the same period, Profit After Tax (PAT) rose from ₹190 crore to ₹748 crore, reflecting a growth of nearly 294%.

Financial Performance

Operational Highlights

In alignment with the Government's 'Atmanirbharta' and 'Make in India' visions, the shipyard delivered eight warships during the year. Notably, three warships were delivered on the same day on March 30, 2026. These included the P17A advanced guided-missile frigate Dunagiri, the Survey Vessel (Large) Sanshodhak, and the Anti-Submarine Warfare Shallow Water Craft Agray.

Cmde PR Hari, IN (Retd), Chairman and Managing Director, stated that the conferment of Navratna status is a defining moment that will empower the company to pursue strategic opportunities and enhance self-reliance in defence manufacturing. Garden Reach Shipbuilders & Engineers Ltd has delivered over 800 marine platforms, including 118 warships to the Navy, Coast Guard, and friendly foreign nations. The shipyard is currently building 12 multi-purpose vessels for a German client and is foraying into green and autonomous vessels.