GRSE shines on signing MoU with PWD Nagaland
Garden Reach Shipbuilders & Engineers is currently trading at Rs. 1695.65, up by 54.50 points or 3.32 % from its previous closing of Rs. 1641.15 on the BSE.
The scrip opened at Rs. 1734.95 and has touched a high and low of Rs. 1746.10 and Rs. 1647.10 respectively. So far 208221 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. 744.00 on 20-Mar-2024.
Last one week high and low of the scrip stood at Rs. 1774.10 and Rs. 1303.45 respectively. The current market cap of the company is Rs. 19424.01 crore.
The promoters holding in the company stood at 74.50%, while Institutions and Non-Institutions held 5.57% and 19.93% respectively.
Garden Reach Shipbuilders & Engineers (GRSE) has achieved a significant milestone by signing a breakthrough Memorandum of Understanding (MoU) with PWD Nagaland for the supply of eight sets of Double Lane Modular Steel Bridges in the state. This landmark MoU marks the first ever MoU between GRSE and a North Eastern State, aligning with the Government of India’s Make in India initiative for accelerated regional development.
In the past, GRSE has delivered Modular Bridges to the Border Roads Organisation (BRO) and the National Highway Infrastructure Development Corporation (NHIDCL), apart from several state governments and friendly countries like Bhutan, Nepal, Myanmar, Sri Lanka and Bangladesh. Till date, GRSE has supplied over 5,800 Modular Bridges.
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.
