Garden Reach Shipbuilders Share News - Latest Updates, Live News & More

More news about Garden Reach Shipbuilders

GRSE Inks USD 62.44 Million Deal for Four Hybrid Multi-Purpose Vessels with German Firm

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has signed a contract with German company Carsten Rehder for the construction of four Hybrid Multi-Purpose Vessels (MPVs), valued at USD 62.44 million. The contract includes an option for two additional vessels. The 120-meter long ships will have a cargo capacity of 7,500 metric tonnes and feature battery-assisted hybrid propulsion systems for enhanced fuel efficiency. The project is set to be completed within 33 to 42 months from the contract's effective date. This deal expands GRSE's international commercial vessel portfolio and reinforces its commitment to sustainable shipbuilding.

15Sept 25

Indian Navy Bolsters Fleet with Second Indigenous Anti-Submarine Warfare Ship 'Androth'

The Indian Navy has received 'Androth', the second of eight anti-submarine warfare-shallow water craft (ASW-SWC), built by Garden Reach Shipbuilders and Engineers in Kolkata. The 77-meter vessel features advanced capabilities including lightweight torpedoes and indigenous anti-submarine warfare rockets. With over 80% indigenous content, Androth supports the 'Aatmanirbhar Bharat' initiative. The craft aims to enhance India's maritime defense, particularly in anti-submarine warfare and coastal surveillance, addressing China's increasing presence in the Indian Ocean region.

05Sept 25

Garden Reach Shipbuilders Inks 13 Strategic MoUs at Defexpo 2022

Garden Reach Shipbuilders & Engineers Limited (GRSE) signed 13 non-binding Memorandums of Understanding at Defexpo 2022 in Gandhinagar. The agreements cover global design collaboration, quality assurance, technological advancement, and diversified services including ship repair, patrol boat production, and maritime infrastructure development. These partnerships aim to expand GRSE's service offerings, tap into export markets, enhance technological capabilities, and strengthen its competitive position in both domestic and international markets.

03Sept 25

Japanese Shipping Giant MOL Eyes GRSE-Built Ships for Indian Operations

Japanese shipping company Mitsui O.S.K. Lines (MOL) has expressed interest in acquiring ships from Garden Reach Shipbuilders & Engineers (GRSE) for its Indian fleet operations. This potential collaboration could open new international opportunities for GRSE and boost India's shipbuilding industry's global reputation. The move may also be strategic for MOL to strengthen its presence in the Indian market. While details are yet to be disclosed, this development is being closely watched by industry observers for its potential impact on GRSE's order book and future growth prospects.

26Aug 25

Garden Reach Shipbuilders Reports Strong Order Book, Delivers First P-17A Frigate Ahead of Schedule

Garden Reach Shipbuilders & Engineers Limited (GRSE) has reported a strong order book of ₹21,700 crore, comprising 10 projects with 40 marine platforms. The company delivered its first P-17A stealth frigate to the Indian Navy ahead of schedule. GRSE's revenue crossed ₹5,000 crore and profit after tax exceeded ₹500 crore in the previous fiscal year. The company plans to expand its shipbuilding capacity from 28 to 40 ships by 2029. GRSE's order book is 86% defense shipbuilding and 14% non-defense shipbuilding. The company is expected to sign a ₹25,000 crore Next Generation Corvette contract and is bidding for additional projects.

26Aug 25

Indian Navy Inducts Two Nilgiri-Class Stealth Frigates and Explores Collaboration with Japan

The Indian Navy has inducted two Nilgiri-class stealth frigates, INS Himgiri and INS Udaygiri, as part of Project 17 Alpha. These frigates, built with 75% indigenous material, feature advanced weapon systems including BrahMos and Barak-8 missiles. Simultaneously, the Indian Navy is in talks with Japan for potential collaboration in ship maintenance, involving Garden Reach Shipbuilders and Engineers (GRSE). These developments signify India's efforts to enhance its naval capabilities and strengthen international maritime partnerships.

21Aug 25

Garden Reach Shipbuilders May Benefit from ₹65,000 Crore Shipping Sector Grants

The Indian shipping sector is anticipating approval for grants worth ₹65,000 crore, according to a ZEE BUSINESS report. Garden Reach Shipbuilders & Engineers Ltd (GRSE) could potentially benefit from this development, possibly securing new contracts or expanding operations. The substantial investment could lead to modernization of shipbuilding facilities, increased construction capacity, and enhanced maritime infrastructure. However, the approval is still pending, and specific allocation details are not yet disclosed.

20Aug 25

Garden Reach Shipbuilders Shares Dip on Modest Growth Outlook, Despite Strong Q1 Results

Garden Reach Shipbuilders & Engineers Limited shares fell 0.8% to ₹2,582 despite reporting robust Q1 results. The company's net profit increased by 38% to ₹87 crore, while revenue grew 30% to ₹1,010 crore. EBITDA doubled to ₹56 crore with margin expansion. The order book stood at ₹21,700 crore, slightly down from the previous year. The company is negotiating a ₹25,000 crore Next Generation Corvette Project and anticipates a ₹70,000 crore Navy P-17 Bravo Project. Expansion plans include increasing shipbuilding capacity and establishing new facilities. The share price decline is attributed to the company's projection of steady growth for the next two fiscal years.

18Aug 25

Shipping Sector Eyes Infrastructure Status: Potential Boost for Funding Access

The Indian shipping industry is reportedly close to being granted infrastructure status, a move that could significantly ease funding challenges for shipping companies. This potential reclassification may lead to easier loan access, better loan terms, and increased investor interest. It could enable fleet expansion, technological upgrades, and enhanced global competitiveness for Indian shipping firms. However, the situation is still developing, and the industry awaits official announcements and implementation details.

08Aug 25

Garden Reach Shipbuilders Reports Strong Q1 Performance with 38% Profit Growth

Garden Reach Shipbuilders and Engineers Ltd (GRSE) has reported impressive Q1 financial results, surpassing expectations. Revenue increased by 29.70% to ₹1,310.00 crore, while net profit rose by 37.61% to ₹120.00 crore. EBITDA nearly doubled to ₹112.00 crore, with the EBITDA margin improving to 8.55%. The company's shares were trading 0.85% lower at ₹2,525.40, but have gained 21.31% over the past year and 56.57% year-to-date. GRSE maintains a robust order book of ₹22,680.00 crore, with anticipated peak execution by the end of the current financial year.

06Aug 25

Garden Reach Shipbuilders to Announce Q1 Results on August 8, 2025

Garden Reach Shipbuilders and Engineers Ltd. (GRSE) is set to release its quarterly results on August 8, 2025. The company's trading window for designated persons has been closed since July 1 and will reopen 48 hours after the announcement. GRSE's previous quarter showed impressive growth with revenue up 62% to Rs 1,642.00 crore and net profit increasing 119% to Rs 244.00 crore. The stock has gained 71.13% in the last 6 months and 58.03% year-to-date, despite a 9.83% decline in the past month. Investors will be watching key metrics such as revenue growth, profit margins, and updates on new contracts.

01Aug 25

GRSE Inks MoU with Germany's Reintjes GmbH to Boost Marine Propulsion Technology

Garden Reach Shipbuilders & Engineers Limited (GRSE) has signed a non-binding MoU with Germany's Reintjes GmbH to improve its marine propulsion systems. The collaboration aims to integrate Reintjes' advanced gearbox technology with GRSE's shipbuilding expertise, enhancing propulsion efficiency for both warships and commercial vessels. This partnership is expected to expand GRSE's market reach and bring cutting-edge German engineering to its shipbuilding processes.

25Jul 25

Government Unveils Plan to Divest Up to 10% Stake in Garden Reach Shipbuilders & Engineers

The Indian government plans to sell up to 10% of its stake in Garden Reach Shipbuilders & Engineers (GRSE), a major shipbuilding CPSE. This move aims to optimize the government's portfolio and enhance the value of state-owned enterprises. GRSE will hold a board meeting on August 8, 2025, to approve Q1 FY2026 financial results. The company's trading window for designated persons will be closed from July 1 to August 10, 2025.

21Jul 25

Garden Reach Shipbuilders Launches 'Ajay', Completing Anti-Submarine Warfare Fleet for Indian Navy

Garden Reach Shipbuilders and Engineers Ltd. (GRSE) launched 'Ajay', the eighth and final anti-submarine warfare shallow water craft for the Indian Navy in Kolkata. The vessel, measuring 77.6 meters in length and 10.5 meters in width, is designed for coastal operations with capabilities including sub-surface surveillance, low-intensity maritime operations, and mine laying. Equipped with lightweight torpedoes, ASW rockets, and mines, these crafts significantly enhance the Indian Navy's coastal defense capabilities.

26Jun 25

Indian Navy's ₹70,000 Crore Proposal: Potential Boost for Garden Reach Shipbuilders

The Indian Navy is planning to propose two major acquisitions: minesweepers valued at ₹40,000 crore and Quick Reaction Surface-to-Air Missile (QRSAM) systems worth ₹30,000 crore. These proposals, totaling ₹70,000 crore, aim to enhance maritime capabilities and defense systems. Garden Reach Shipbuilders and Engineers (GRSE) is mentioned in connection with this news, potentially benefiting from these acquisitions due to its expertise in naval shipbuilding.

17Jun 25

GRSE Plans New Shipyard to Boost Production Capacity

Garden Reach Shipbuilders and Engineers (GRSE) announces plans to establish a new shipyard outside Kolkata and revive idle assets. The company aims to increase its production capacity from 24 to 28 ships by the end of 2025, responding to growing demand in defense and commercial sectors. This expansion is expected to enhance GRSE's ability to fulfill larger orders, reduce delivery times, and improve its global competitiveness.

11Jun 25

GRSE Secures Contract for Two Coastal Research Vessels from Geological Survey of India

Garden Reach Shipbuilders and Engineers (GRSE) has signed an agreement with the Geological Survey of India (GSI) to construct two coastal research vessels. Each vessel will be 64 meters long, 12 meters wide, with a 450-tonne deadweight, and capable of accommodating 35 personnel. The ships will be equipped for offshore geological mapping, mineral exploration, and ocean environment monitoring. This contract showcases GRSE's versatility beyond warship construction and is expected to enhance GSI's capabilities in conducting geological and oceanographic studies.

09Jun 25

Garden Reach Shipbuilders Expands Global Partnerships with New MoUs in Sweden and Denmark

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has signed two new Memorandums of Understanding (MoUs). The first is with Berg Propulsion, Sweden, focusing on marine propulsion systems. The second is with SunStoke, Denmark, for collaboration on expedition cruise vessels. These agreements follow GRSE's recent signing of three MoUs and one Memorandum of Intent. The company's current order book is estimated at ₹47,680.00 crore.

09Jun 25

GRSE Expands Maritime Horizons with Strategic MOUs in Scandinavia

Garden Reach Shipbuilders and Engineers (GRSE) has signed Memorandums of Understanding with companies in Sweden and Denmark. These partnerships aim to enhance GRSE's marine systems expertise and facilitate its entry into the expedition cruise segment. The collaborations are expected to bring advanced technologies to GRSE's portfolio, potentially revolutionizing its offerings in the shipbuilding sector and strengthening its position in the global maritime industry.

07Jun 25

GRSE Expands Horizons: Signs MoUs with Swedish and Danish Firms for Marine Systems and Expedition Cruises

Garden Reach Shipbuilders and Engineers (GRSE) has signed Memorandums of Understanding with companies in Sweden and Denmark. The partnerships aim to enhance GRSE's capabilities in marine systems and facilitate entry into the expedition cruise segment. These strategic moves are expected to diversify GRSE's product offerings, access new technologies, and expand its global market presence in the maritime industry.

07Jun 25

Garden Reach Shipbuilders & Engineers Expands Marine Engineering Portfolio with Strategic MoUs

Garden Reach Shipbuilders & Engineers (GRSE) has signed MoUs with Berg Propulsion of Sweden and SunStone of Denmark. The partnership with Berg Propulsion aims to develop advanced marine propulsion technologies, while the collaboration with SunStone focuses on expedition cruise vessels. These strategic moves are expected to enhance GRSE's marine engineering capabilities, open new revenue streams, facilitate knowledge transfer, and improve its global competitiveness in the shipbuilding market.

05Jun 25

Garden Reach Shipbuilders & Engineers Ltd. Sees Significant Block Trade

A significant block trade of 61,012 shares of Garden Reach Shipbuilders & Engineers Ltd. was executed on the National Stock Exchange (NSE). The transaction was valued at Rs. 21.39 crores, with each share priced at Rs. 3,505.50. This large-scale trade suggests potential interest from institutional investors or major market participants, though the identities of the buyer and seller remain undisclosed.

05Jun 25

Garden Reach Shipbuilders Inks MoUs with German Firm for Four Multi-Purpose Vessels

Garden Reach Shipbuilders and Engineers Ltd. (GRSE) has signed memorandums of understanding with German firm Carsten Rehder to construct four multi-purpose vessels. The final contract is expected to be signed by August 31. This move marks GRSE's expansion into international markets and potential diversification of its portfolio beyond naval and coast guard vessels.

05Jun 25

GRSE Expands Offshore Presence with Strategic Partnerships and New Vessel Orders

Garden Reach Shipbuilders and Engineers (GRSE) has made strategic moves to expand its presence in the offshore market. The company has signed MOUs with Aries Marine for offshore platform and vessel design, and with a global engine manufacturer for enhancing marine propulsion capabilities. GRSE has also secured orders for four 7,500 DWT multi-purpose vessels from Germany's Carsten Rehder and India's first polar research vessel from Norway's Kongsberg. These developments signal GRSE's diversification efforts and commitment to technological advancement in shipbuilding.

04Jun 25

Garden Reach Shipbuilders Shares Hit Record High on Norwegian Polar Vessel Order

Garden Reach Shipbuilders and Engineers Ltd (GRSE) has signed an MoU with Norway's Kongsberg to build India's first indigenous Polar Research Vessel. This collaboration involves technology transfer from Kongsberg for vessel design. Following the announcement, GRSE's shares surged 10.00% to a record high. The company's current order book stands at Rs 22,680.00 crore.

03Jun 25

Garden Reach Shipbuilders Signs MoU for India's First Polar Research Vessel

Garden Reach Shipbuilders & Engineers (GRSE) has signed an MoU with Norway's Kongsberg to construct India's first Polar Research Vessel (PRV). The vessel will be built indigenously in India for the National Centre for Polar and Ocean Research, enhancing the country's capabilities in polar and southern ocean research. This strategic collaboration combines Indian shipbuilding expertise with Norwegian technology, aligning with the 'Make in India' initiative and expanding GRSE's portfolio into specialized vessel construction.

30May 25

Garden Reach Shipbuilders Boasts Rs 22,680 Crore Order Book, Q4 Profit Soars

Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has announced a strong order book of Rs 22,680 crore, with the P-17A Frigates project accounting for 50% of orders. The company's Q4 net profit more than doubled to Rs 244 crore, and a final dividend of Rs 4.90 per share has been recommended. GRSE is targeting potential navy projects worth up to Rs 70,000 crore and expects to maintain consistent profit margins. The company's performance indicates a positive outlook in India's shipbuilding and defense sectors.

26May 25

Bangladesh Cancels Rs 180-Crore Order from Garden Reach Shipbuilders

Garden Reach Shipbuilders & Engineers Ltd. (GRSE) faced a setback as Bangladesh cancelled a Rs 180 crore order for an advanced ocean-going tug without explanation. The cancelled order represented 0.80% of GRSE's existing order book, suggesting limited overall financial impact. This development occurs amid strained India-Bangladesh relations and recent trade restrictions between the two countries.

22May 25

GRSE Sets Sights on Rs 70,000 Crore in Naval Contracts

Garden Reach Shipbuilders and Engineers (GRSE) has announced plans to secure contracts worth up to Rs 70,000 crore from upcoming Indian Navy projects. This move aims to strengthen GRSE's position in the naval defense sector and capitalize on India's focus on indigenous defense manufacturing. The company's ambitious target signals confidence in meeting the Navy's evolving requirements and could significantly impact the Indian shipbuilding industry, potentially creating new jobs and fostering technological advancements.

22May 25

Garden Reach Shipbuilders Secures ₹2,500 Crore Order, Correcting Earlier Report

Garden Reach Shipbuilders and Engineers (GRSE) has won an order worth ₹2,500 crore, not ₹25,000 crore as initially reported. This substantial contract underscores GRSE's strong position in India's shipbuilding industry and is expected to positively impact the company's order book and future revenues. The correction highlights the importance of accurate financial reporting in the stock market.

22May 25

Garden Reach Shipbuilders: Eyeing Rs 70,000 Crore Navy Project Amid Setbacks and Successes

Garden Reach Shipbuilders & Engineers (GRSE) experienced a $21 million order cancellation from Bangladesh amidst diplomatic tensions. However, GRSE emerged as the lowest bidder for Indian Navy's ₹25,000 crore Next Generation Corvettes project. The company plans to expand its shipbuilding capacity from 24 to 28 ships by 2025 and is eyeing the ₹70,000 crore P17 Bravo warship project.

21May 25

Bangladesh Cancels $21 Million Tug Order from Garden Reach Shipbuilders

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has lost a significant contract worth $21 million (approx. Rs 180 crore) for an advanced ocean-going tug. The order, cancelled by Bangladesh's Directorate General Defence Purchase, was to be delivered within 24 months. This cancellation may impact GRSE's order book and near-term revenue projections, potentially affecting Indo-Bangladesh defense cooperation and trade relations.

14May 25

Garden Reach Shipbuilders: Q4 Net Profit Doubles, Stock Surges 14%

Garden Reach Shipbuilders & Engineers Ltd (GRSE) announced impressive Q4FY25 results with a 118.9% YoY increase in net profit to ₹244.20 crore. Revenue grew 61.7% to ₹1,642.00 crore. The company declared a final dividend of ₹4.90 per share. For FY2025, revenue increased 41% to ₹5,076.00 crore, while net profit rose 48% to ₹527.00 crore. The stock price jumped 14.4% intraday following the announcement.

13May 25

Garden Reach Shipbuilders: FY25 Profit Surges 48%, Revenue Grows 39%

Garden Reach Shipbuilders & Engineers (GRSE) posted strong financial results for FY25. Profit After Tax increased by 48% to Rs 527.00 crore, while Total Income grew 39% to Rs 5,411.00 crore. EPS rose to Rs 46.04. The company declared a total dividend of 138.5% of paid-up share capital. Q4 FY25 saw a 119% increase in Net Profit to Rs 244.00 crore and a 62% rise in Revenue to Rs 1,642.00 crore.

10May 25

Garden Reach Shipbuilders Sets Date for Q4 Results, Considers Final Dividend

Garden Reach Shipbuilders and Engineers Ltd. (GRSE) will announce Q4 and FY25 results on May 13, 2025. The board will consider recommending a final dividend for FY24-25. Trading window for insiders will be closed from April 1 to May 15, 2025.

08May 25

Garden Reach Shipbuilders Boosts Indian Navy's Coastal Defense with New Anti-Submarine Warfare Craft

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has delivered INS Arnala, the first of eight anti-submarine warfare shallow water crafts, to the Indian Navy. The 77.60-meter vessel, with 88% indigenous content, was built in collaboration with L&T Kattupalli under a Public-Private Partnership model. This delivery enhances India's coastal patrol and anti-submarine warfare capabilities, aligning with the 'Make in India' initiative and boosting the country's defense manufacturing prowess.

28Apr 25

Garden Reach Shipbuilders Secures 30-Year Lease for Strategic Expansion

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has entered into a 30-year non-renewable lease agreement with Syama Prasad Mookerjee Port, Kolkata for a waterfront land parcel at Timber Pond, Howrah. This strategic move aims to enhance GRSE's shipbuilding, ship repair, and engineering capabilities, positioning the company to meet growing domestic and export demands. The lease provides GRSE with crucial waterfront access, supporting its expansion plans and long-term operational stability in the shipbuilding industry.

25Apr 25

GRSE to Ink 30-Year Lease Deal with Syama Prasad Mookerjee Port, Kolkata

Garden Reach Shipbuilders & Engineers Ltd (GRSE) plans to enter a 30-year lease agreement with Syama Prasad Mookerjee Port, Kolkata for land at Timber Pond, Howrah. This non-renewable lease provides crucial waterfront access, supporting GRSE's long-term vision for shipbuilding, repair, and engineering activities. The Board of Directors was informed on April 25, 2025, and the company has notified stock exchanges. While no immediate revenue is expected, this move aims to enhance GRSE's operational capabilities for domestic and export markets.

09Apr 25

Garden Reach Shipbuilders Secures ₹490 Crore Order, Signs Strategic MoUs

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has won a ₹489.98 crore order from the Geological Survey of India for two Coastal Research Vessels. The company also signed MoUs with SWAN Defence for commercial shipbuilding collaboration and with PWD Nagaland for modular steel bridges. These developments showcase GRSE's expansion in government and commercial sectors, aligning with the 'Aatmanirbhar Bharat' vision.

08Apr 25

Garden Reach Shipbuilders Inks MoU with Swan Defence to Boost Indigenous Shipbuilding

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has entered into a non-binding Memorandum of Understanding (MoU) with Swan Defence and Heavy Industries Ltd to collaborate in the commercial shipbuilding sector. This partnership aims to enhance India's indigenous shipbuilding capabilities, potentially leading to knowledge sharing, improved production capabilities, and increased competitiveness in the global market. The move aligns with India's push for self-reliance in critical industries and supports the 'Make in India' initiative in the maritime sector.

25Mar 25

Garden Reach Shipbuilders Secures German Order, Completes $108 Million Deal with 5% Share Price Boost

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has signed a contract for the construction and delivery of the seventh and eighth multi-purpose vessels (MPVs), completing an order for eight vessels worth approximately $108 million. The contract, signed with Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG Germany, is for 7,500 DWT vessels designed to carry bulk, general, and project cargoes, including large windmill blades. This development aligns with GRSE's global expansion efforts and the 'Make in India, Make for World' initiative. Following the announcement, GRSE's share price increased by 5% in morning trading.

24Mar 25

Garden Reach Shipbuilders Expands Global Footprint with New Vessel Contract

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has signed a contract with German firm Carsten Rehder for two additional multi-purpose vessels (MPVs), bringing the total order to eight vessels. The contract, signed on March 24, 2025, in Hamburg, is valued at approximately $108 million for all eight ships. The 7,500 DWT vessels are 120 meters long and designed to carry bulk, general, and project cargoes, including large windmill blades. This deal aligns with GRSE's 'Make in India, Make for World' initiative and strengthens its position in the global shipbuilding industry.

19Mar 25

Garden Reach Shipbuilders & Engineers Ltd. Faces Regulatory Challenges Amid Block Trade

Garden Reach Shipbuilders & Engineers Ltd. (GRSE) experienced a significant block trade of 122,765 shares at Rs. 1634.00 per share on NSE, totaling Rs. 20.06 crores. Simultaneously, the company received notices from NSE and BSE for non-compliance with SEBI regulations, including lack of required Independent Directors and Audit Committee. Both exchanges imposed fines of Rs. 5,52,240 each. GRSE, citing its status as a Central Public Sector Enterprise, is seeking government intervention for director appointments and fine waivers.

24Feb 25

Garden Reach Shipbuilders Secures New Order, Boosting Order Book to Rs 23,877 Crore

Garden Reach Shipbuilders and Engineers Ltd. (GRSE) has received a new order worth Rs 123 crore from the government, increasing its total order book to Rs 23,877 crore across 10 ongoing projects. The company's management is confident in delivering projects ahead of schedule, indicating strong operational capabilities and potential for sustained growth.

20Feb 25

GRSE Bolsters Order Book with 123 Crore Contract and International Refit Project

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has won two significant contracts. The first is a domestic order worth 123 crore rupees. The second is an international contract with India's Ministry of External Affairs for the refit of Mauritius Coast Guard Ship CGS Barracuda, valued at ₹123.07 crore. The refit project has a 10-month execution time and includes a 15% additional allocation for potential work growth. These contracts strengthen GRSE's position in both domestic and international markets, showcasing its expertise in shipbuilding and maintenance.