Garden Reach Shipbuilders soars on signing MoU with K2 Cranes & Components
Garden Reach Shipbuilders & Engineers is currently trading at Rs. 2573.00, up by 53.55 points or 2.13% from its previous closing of Rs. 2519.45 on the BSE.
The scrip opened at Rs. 2599.45 and has touched a high and low of Rs. 2640.00 and Rs. 2562.05 respectively. So far 120668 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. 2640.00 and Rs. 2188.60 respectively. The current market cap of the company is Rs. 30049.85 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 M/s K2 Cranes & Components for the design, development, and manufacture of marine, defence and shipyard cranes and associated equipment. This collaborative initiative will enable the company and K2 Cranes & Components to explore and implement profitable business in respect of cranes utilized for marine, defence and shipyard requirements, both in India and abroad.
This step by GRSE to strengthen the country’s Atmanirbharta and ‘Make in India, Make for the World’ goals. The cranes and equipment that will be manufactured indigenously under this agreement, will not only reduce dependence on imports, but also serve international clients.
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.
