GRSE signs MoU with Hindustan Shipyard for large shipbuilding projects
News by Aliceblue News Desk
10 Feb 2026
Introduction
Leading Indian shipbuilder signed an MoU with another shipyard to form a consortium for a Shipping Corporation of India tender, aiming to enhance national shipbuilding capabilities.
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Share price movement of GRSE
On February 10, 2026, Garden Reach Shipbuilders & Engineers Ltd opened at ₹2,534.80, up 0.83% from its previous close of ₹2,514.35. The stock touched a high of ₹2,595.00 (3.21%) and a low of ₹2,503.55 (-0.43%). By 11:29 AM, it traded at ₹2,519.00, a 0.18% increase, with a market capitalisation of ₹28,855.65 crore.
GRSE and HSL Sign Shipbuilding MoU
Garden Reach Shipbuilders & Engineers Ltd (GRSE) and Hindustan Shipyard Limited (HSL) signed a Memorandum of Understanding on February 9, 2026 to form a consortium for a shipbuilding tender.
The consortium will submit a bid under terms of the Shipping Corporation of India Limited tender, aiming to construct advanced maritime platforms and strengthen India’s shipbuilding capabilities and infrastructure.
The MoU was signed by Cdr Shantanu Bose (GRSE) and Capt Ganti Venkateswarlu (HSL) in the presence of senior officials, leveraging complementary strengths for national maritime self-reliance and operational capability.
Stock performance of GRSE for Period of 1 week, 6 months, and 1 year
Garden Reach Shipbuilders & Engineers Ltd delivered a -1.23% return over the past week, declined 2.83% over the past six months, and gained 67.4% over the past one year.
Shareholding pattern of GRSE
| Particulars | Dec 2025 | Sep 2025 | Jun 2025 |
| Promoter | 74.50% | 74.50% | 74.50% |
| FII | 3.00% | 3.30% | 5.30% |
| DII | 1.60% | 2.00% | 1.80% |
| Public | 21% | 20.30% | 18.40% |
About GRSE
Garden Reach Shipbuilders & Engineers Ltd (NSE: GRSE) is a premier Indian shipbuilder under the Ministry of Defence, delivering warships to the Indian Navy, Coast Guard, and international clients.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is Garden Reach Shipbuilders & Engineers Ltd share price rising today?
A: Garden Reach Shipbuilders & Engineers Ltd share price rose after signing an MoU with Hindustan Shipyard Limited for a Shipping Corporation of India tender.
Q: What is Garden Reach Shipbuilders & Engineers Ltd’s main business focus?
A: Garden Reach Shipbuilders & Engineers Ltd focuses on shipbuilding for the Indian Navy, Indian Coast Guard, and export of warships internationally.
Q: What are the 52-week high and low of Garden Reach Shipbuilders & Engineers Ltd stock?
A: Garden Reach Shipbuilders & Engineers Ltd stock recorded a 52-week high of ₹3,535.00 and a 52-week low of ₹1,180.10.
News Author
Aliceblue News Desk
