Garden Reach Shipbuilders gains on entering into MoUs with DNV, Damen
Garden Reach Shipbuilders & Engineers is currently trading at Rs. 2533.00, up by 37.45 points or 1.50% from its previous closing of Rs. 2495.55 on the BSE.
The scrip opened at Rs. 2505.00 and has touched a high and low of Rs. 2536.00 and Rs. 2505.00 respectively. So far 17741 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3338.90 on 29-Apr-2026 and a 52 week low of Rs. 1965.00 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 2,659.70 and Rs. 2486.50 respectively. The current market cap of the company is Rs. 28916.93 crore.
The promoters holding in the company stood at 74.50%, while Institutions and Non-Institutions held 5.16% and 20.35% respectively.
Garden Reach Shipbuilders & Engineers (GRSE) has entered into the Memorandum of Understandings (MoUs) with DNV (Det Norske Veritas), a globally recognized Maritime organization, and Damen Technical Cooperation B.V. (Damen), Netherlands.
The MoU with DNV brings together GRSE’s established expertise in warship design, shipbuilding, and marine engineering with DNV’s global capabilities in classification, certification, technical assurance, digitalisation, sustainability, and maritime advisory services. The partnership is expected to further strengthen GRSE’s capabilities in digitalisation, green technologies and advanced shipbuilding practices, while contributing to India’s ability to undertake technologically sophisticated defence and commercial shipbuilding projects.
Besides, the MoU with Damen is for establishing a technical and business collaboration framework to explore the design and construction of dredgers for Indian customers. The MoU combines the company’s shipbuilding capabilities with Damen’s globally proven expertise on Trailing Suction Hopper Dredgers (TSHD) and Water Injection Dredgers (WID). The MoU will further strengthen GRSE’s position in the specialised dredger segment and support India’s growing requirements for modern dredging capabilities.
