GRSE: Stock jumps 6% after signing $6.24 Cr contract with German based firmGRSE: Stock jumps 6% after signing $6.24 Cr contract with German based firm

Introduction

Leading Indian shipbuilder has secured a $62.44 million international contract to construct four hybrid multi-purpose vessels. The project enhances global presence, supports green shipping, and features advanced hybrid propulsion with flexible cargo capabilities.

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Share price movement of GRSE

On September 22, 2025, Garden Reach Shipbuilders & Engineers Ltd opened at ₹2,698.55, up 3.63% from its previous close of ₹2,604.10. The stock reached a high of ₹2,761.65 (6.01%) and a low of ₹2,676.00. By 12:41 PM, it traded at ₹2,708.90, a 4.02% increase, with a market cap of ₹31,030.99 crore.

GRSE Signs $62M Deal for Hybrid Vessels

Garden Reach Shipbuilders & Engineers (GRSE) signed a contract with Germany’s Carsten Rehder Schiffsmakler und Reederei GmbH for four Hybrid Multi-Purpose Vessels. The deal is valued at USD 62.44 million.

The vessels will feature battery-assisted hybrid propulsion, improved fuel efficiency, and flexible cargo handling. They measure 120 metres by 17 metres and carry 7,500 tonnes of bulk, general, and project cargo.

The ships can transport large windmill blades on deck, supporting renewable energy logistics. GRSE has started construction, expanding its global footprint and reinforcing its “Make in India, Make for World” vision.

Stock performance of GRSE for Period of 1 week, 6 months, and 1 year

Garden Reach Shipbuilders & Engineers Ltd delivered a 4.56% return over the past week. The stock gained 53.1% in the past six months and 40.4% over the past year.

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Shareholding pattern of GRSE

Particulars	Jun 2025	Mar 2025	Dec 2024
Promoter	74.50%	74.50%	74.50%
FII	5.30%	3.90%	3.70%
DII	1.80%	1.90%	1.90%
Public	18.40%	19.80%	19.90%

About GRSE

Garden Reach Shipbuilders & Engineers Ltd (NSE: GRSE) is a leading Indian shipbuilding company under the Ministry of Defence, specializing in warships and coast guard vessels, and the first shipyard to export and deliver 100 warships.

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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.

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