Introduction:
Leading defence shipbuilder has secured a contract with a German firm to construct and deliver the 7th and 8th Multi-Purpose Vessels, reinforcing India’s global shipbuilding presence and commitment to the “Make in India, Make for World” initiative.
Also Read: NCC jumps 4% after receiving work order worth ₹1,480 Cr
Share price movement of GRSE:
On March 25, 2025, Garden Reach Shipbuilders & Engineers Ltd opened at ₹1,755.05, up 2.95% from its previous close of ₹1,704.70. The stock reached a high of ₹1,790.00 (5.01%) and a low of ₹1,715.55. By 10:27 AM, it traded at ₹1,722.15, a 1.02% increase, with a market cap of ₹19,727.57 crore.
GRSE Secures Contract for 7th & 8th Multi-Purpose Vessels:
Garden Reach Shipbuilders and Engineers (GRSE) Ltd signed a contract with Germany’s Carsten Rehder Schiffsmakler for the construction of the 7th and 8th Multi-Purpose Vessels (MPVs), reinforcing India’s global shipbuilding presence.
The contract, part of an existing option agreement, brings the total order to eight vessels worth approximately $108 million. Each 7,500 DWT MPV will be 120 meters long, designed for bulk, general, and container cargo, including windmill blades.
The agreement was signed in Hamburg, Germany, by senior officials from GRSE and Carsten Rehder. This deal strengthens GRSE’s international footprint, aligning with India’s “Make in India, Make for World” vision.
Recent news on GRSE:
As of March 20, 2025, Garden Reach Shipbuilders & Engineers Ltd surged 8.5% in morning trade, extending a 20% rally after signing an MoU with PWD Nagaland to supply eight double-lane modular steel bridges, supporting regional infrastructure development.
Stock performance of GRSE for Period of 1 week, 6 months, and 1 year:
Garden Reach Shipbuilders & Engineers Ltd surged 24.6% in the past week, showing strong momentum. Over six months, the stock remained stable with a slight -0.05% change, while its one-year return soared 118%.
Also Read: Stock under ₹100 hits 5% upper circuit after receiving order worth ₹33 Cr from Bharat Petroleum
Shareholding pattern of GRSE:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 74.50% | 74.50% | 74.50% |
| FII | 3.70% | 3.70% | 3.90% |
| DII | 1.90% | 1.90% | 3.20% |
| Public | 19.90% | 20.00% | 18.40% |
About GRSE:
Garden Reach Shipbuilders & Engineers Ltd (NSE: GRSE) is a leading Indian shipbuilder under the Ministry of Defence, specializing in warships for the Indian Navy and Coast Guard, and pioneering warship exports with 100 successful deliveries.
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.
