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Garden Reach Shipbuilders & Engineers is currently trading at Rs. 1844.30, up by 89.40 points or 5.09% from its previous closing of Rs. 1754.90 on the BSE.

The scrip opened at Rs. 1775.00 and has touched a high and low of Rs. 1876.00 and Rs. 1733.00 respectively. So far 78804 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2834.60 on 05-Jul-2024 and a 52 week low of Rs. 648.05 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 1876.00 and Rs. 1733.00 respectively. The current market cap of the company is Rs. 21074.13 crore.

The promoters holding in the company stood at 74.50%, while Institutions and Non-Institutions held 7.11% and 18.39% respectively.

Garden Reach Shipbuilders & Engineers (GRSE) has signed a Memorandum of Understanding (MoU) on August 29, 2024 with National Highway Infrastructure Development Corporation (NHIDCL) for the fabrication, supply and launching of Double-Lane Class 70 Modular steel & Bailey bridges. This landmark agreement entails the construction and delivery of Class 70R Double-Lane Bridges, designed exclusively by GRSE, to enhance connectivity in critical forward areas along India's borders, facilitating seamless troop and equipment deployment.

Unparalleled in its innovation, the Double-Lane Steel Bridge developed by GRSE stands as the sole indigenous solution of its kind, in line with India's Aatmanirbhar Bharat Abhiyan. Under similar MoU signed with Border Roads Organization (BRO), GRSE has already supplied 44 nos. Bridges Pan -India. The first bridge of this kind, was constructed at Flaghill, Dokalam, Sikkim at an altitude of 11,000 feet under Project Swastik of the BRO on December 28, 2021. 

The bridges have a carriageway width of 7.5 meters, permitting plying of two-way traffic in compliance with specifications laid down by the Ministry of Road Transport and Highways (MORTH). High tensile steel of Grade E-410 ensures high strength, long life and low temperature applications. The galvanized surface finish ensures easier maintenance and longer service life. Load Class IRC 70R permits movement of both Wheeled/ Tracked Vehicles of up to 100 / 70 MT. The modular concept ensures easier transportation of bridge components to remote areas and faster erection of bridges in a short span of 30 to 45 days.

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.