Garden Reach Shipbuilders gains on signing MoU with M/s Berg Propulsion
Garden Reach Shipbuilders & Engineers is currently trading at Rs. 3269.85, up by 22.95 points or 0.71% from its previous closing of Rs. 3246.90 on the BSE.
The scrip opened at Rs. 3344.65 and has touched a high and low of Rs. 3417.15 and Rs. 3214.40 respectively. So far 270709 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3528.00 on 05-Jun-2025 and a 52 week low of Rs. 1180.10 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 3528.00 and Rs. 2875.00 respectively. The current market cap of the company is Rs. 37165.82 crore.
The promoters holding in the company stood at 74.50%, while Institutions and Non-Institutions held 5.75% and 19.76% respectively.
Garden Reach Shipbuilders & Engineers (GRSE) has signed Memorandum of Understanding (MoU) with M/s Berg Propulsion, Sweden, a global leader in the development, manufacturing, and supply of marine propulsion systems. This MoU marks a strategic step towards enhancing GRSE’s portfolio in the marine equipment market. The collaboration will leverage the combined capabilities and technical know-how of both organizations in manufacturing propulsion-related equipment and systems, with a particular focus on ongoing and future governmental projects.
On June 06, 2025, GRSE also signed a MoU with M/s SunStone, Denmark, a leading provider of expedition cruise vessels. This MoU sets the stage for future collaboration in the areas of expedition cruise vessels.
Garden Reach Shipbuilders & Engineers is a shipbuilding company in India under the administrative control of the MoD and primarily adhere to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.
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