Garden Reach Shipbuilders jumps on signing MoU with Kalyani Strategic Systems
Garden Reach Shipbuilders & Engineers is currently trading at Rs. 2538.05, up by 130.50 points or 5.42% from its previous closing of Rs. 2407.55 on the BSE.
The scrip opened at Rs. 2446.95 and has touched a high and low of Rs. 2548.00 and Rs. 2425.05 respectively. So far 93349 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3535.00 on 23-Jun-2025 and a 52 week low of Rs. 1284.55 on 13-Mar-2025.
Last one week high and low of the scrip stood at Rs. 2548.00 and Rs. 2300.55 respectively. The current market cap of the company is Rs. 28959.89 crore.
The promoters holding in the company stood at 74.50%, while Institutions and Non-Institutions held 4.60% and 20.90% respectively.
Garden Reach Shipbuilders & Engineers (GRSE) has signed a Memorandum of Understanding (MoU) with Kalyani Strategic Systems (KSSL) to jointly develop and promote indigenous solutions for advanced naval systems, unmanned platforms, and other strategic maritime capabilities for domestic and global markets.
The partnership envisions collaborative efforts to deliver indigenous solutions across a broad spectrum of maritime and defence systems, encompassing ship propulsion and mechanical systems for both naval and commercial vessels, integrated platform management systems, steering and stabilizer assemblies, deck equipment, as well as unmanned platforms, including Unmanned Surface Vessels (USVs) and Autonomous Underwater Vehicles (AUVs). The collaboration will also seek to identify and pursue opportunities within India and in other mutually agreed international markets.
This collaboration is expected to combine GRSE’s extensive expertise in shipbuilding and maritime engineering with KSSL’s capabilities as a leading defence OEM in the design and manufacture of advanced defence platforms and systems. The partnership will further contribute to strengthening the national vision of Atmanirbharta by promoting indigenisation, technological collaboration, and enhanced capabilities in defence and maritime systems.
