Garden Reach Shipbuilders rises on signing MoU with Centum Electronics
Garden Reach Shipbuilders & Engineers is currently trading at Rs. 2710.55, up by 26.80 points or 1.00% from its previous closing of Rs. 2683.75 on the BSE.
The scrip opened at Rs. 2683.75 and has touched a high and low of Rs. 2704.85 and Rs. 2720.00 respectively. So far 24961 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. 1180.10 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 2792.00 and Rs. 2633.10 respectively. The current market cap of the company is Rs. 30775.54 crore.
The promoters holding in the company stood at 74.50%, while Institutions and Non-Institutions held 7.14% and 18.35% respectively.
Garden Reach Shipbuilders & Engineers (GRSE) has signed a Memorandum of Understanding (MoU) with M/s Centum Electronics, a Bengaluru based public limited company offering design, development and manufacturing of customised systems/subsystems for high reliability applications in Defence, Aerospace and Space, Industrial and Healthcare sectors.
The MoU establishes a collaborative framework between GRSE & Centum Electronics which aimed at the joint research and development (R&D) of Advanced Naval Navigation Systems. This partnership shall focus on leveraging and enhancing manufacturing infrastructure for components and sub-assemblies of these systems including Onboard Installation, Integration, Setting to Work and Trials, and shall also provide services for the modernization and upgrade of existing Systems
This collaboration represents an important milestone in GRSE’s continued efforts to expand its technological horizons and support the Government of India’s ‘Aatmanirbhar Bharat’ initiative by fostering indigenous R&D and manufacturing in advanced defence systems.
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.
