GRSE soars on bagging export order worth $54 million
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Garden Reach Shipbuilders & Engineers is currently trading at Rs. 1790.30, up by 145.15 points or 8.82% from its previous closing of Rs. 1645.15 on the BSE.
The scrip opened at Rs. 1721.85 and has touched a high and low of Rs. 1818.20 and Rs. 1720.00 respectively. So far 357503 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1904.65 on 19-Jun-2024 and a 52 week low of Rs. 553.40 on 23-Jun-2023.
Last one week high and low of the scrip stood at Rs. 1904.65 and Rs. 1635.00 respectively. The current market cap of the company is Rs. 20390.26 crore.
The promoters holding in the company stood at 74.50%, while Institutions and Non-Institutions held 9.40% and 16.10% respectively.
Garden Reach Shipbuilders & Engineers (GRSE) has bagged international order worth $54 million from M/s Carsten Rehder Schiffsmakler and Reederei GmbH & Co., KG Germany for construction and delivery of four multi-purpose vessels of 7,500 DWT each, with an option of building another four ships in 33 months.
The vessels will be 120 metres long and 17 metres wide with a maximum draft of 6.75 metres. Each of them can carry 7,500 metric tonnes of cargo. The vessels will have a single cargo hold each to accommodate bulk, general and project cargoes. Containers will be carried on hatch covers. The ships have been specifically designed to carry multiple large windmill blades on deck.
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.sto
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