Garden Reach Shipbuilders & Engineers Ltd

The order involves the design, construction, and delivery of the vessels and must be completed within 36 months from the signing of the contract. The order will not be classified as a related party transaction, as none of the promoters, promoter groups, or group companies have any interest in the entity that awarded the order(s)/contract, it added. State-run GRSE is engaged in building warships and other vessels for the Indian Navy and Indian Coast Guard. It has also diversified into an engineering business with a product profile of prefabricated steel bridges, various deck machinery items, and assembly, as well as testing & overhauling of marine diesel engines. As of 31 December 2024, the Government of India holds 74.50% in the company. The company's net profit climbed 11.26% to Rs 98.19 crore on a 37.69% rise in revenue from operations to Rs 1,271 crore in Q3 FY25 over Q3 FY24. Shares of Garden Reach Shipbuilders & Engineers (GRSE) fell 2.75% to Rs 1,521.25 on the BSE. Powered by Capital Market - Live

Garden Reach Shipbuilders & Engineers has received a letter of award on 08 April 2025 for the construction and delivery of two coastal research vessels for the Geological Survey of India. The value of the contract is Rs 489.98 crore. Powered by Capital Market - Live

Garden Reach Shipbuilders & Engineers has signed a Memorandum of Understanding (MoU) with Swan Defence and Heavy Industries on 07 April 2025. The strategic partnership marks a significant step towards strengthening indigenous shipbuilding capabilities in the commercial segment and supports the national vision of 'Aatmanirbhar Bharat' in the maritime sector. Under the terms of the MoU, both shipyards will collaborate on a non-exclusive basis for the construction of commercial vessels and offshore structures, with a focus on global customers and national maritime interests. This alliance will enable GRSE and SWAN Defence to leverage each other's strengths in infrastructure, expertise, and design capabilities. The partnership will focus on jointly scouting for commercial shipbuilding projects and developing standard platform designs to cater to market needs. By sharing infrastructure and evolving effective build strategies, the two entities aim to ensure faster and more efficient project execution. Additionally, the collaboration will work towards optimizing costs through the development of a mutually beneficial vendor ecosystem. A significant emphasis will also be placed on training and nurturing a skilled local workforce. Furthermore, both parties will cooperate in the trials, commissioning, and future repair of vessels and offshore structures, thereby establishing a comprehensive and sustainable model for commercial shipbuilding in India.Powered by Capital Market - Live

This non-exclusive partnership aims to support the national vision of 'Aatmanirbhar Bharat' by jointly constructing commercial vessels and offshore structures. The collaboration will focus on global markets, sharing infrastructure, optimizing costs, and fostering strong vendor development and employment in the sector. State-run GRSE is engaged in building warships and other vessels for the Indian Navy and Indian Coast Guard. It has also diversified into an engineering business with a product profile of prefabricated steel bridges, various deck machinery items, and assembly, as well as testing & overhauling of marine diesel engines. As of 31 December 2024, the Government of India holds 74.50% in the company. The company's net profit climbed 11.26% to Rs 98.19 crore on a 37.69% rise in revenue from operations to Rs 1,271 crore in Q3 FY25 over Q3 FY24.Powered by Capital Market - Live

The contract was formally signed and finalized on 24 March 2025 in Hamburg, Germany. This agreement follows the 'option agreement' between the two parties for the procurement of four additional MPVs, bringing GRSE's total order to eight vessels. The overall contract value remains at approximately $108 million, with no change in financial terms. Each MPV will be 120 meters long, 17 meters wide, and have a maximum draft of 6.75 meters. It is capable of carrying 7,500 tonnes of cargo. Each vessel will feature a single cargo hold designed to accommodate bulk, general, and project cargoes, with containers carried on the hatch covers. These ships are specifically designed to transport multiple large windmill blades on deck. State-run GRSE is engaged in building warships and other vessels for the Indian Navy and Indian Coast Guard. It has also diversified into an engineering business with a product profile of prefabricated steel bridges, various deck machinery items, and assembly, as well as testing & overhauling of marine diesel engines. As of 31 December 2024, the Government of India holds 74.50% in the company. The company's net profit climbed 11.26% to Rs 98.19 crore on a 37.69% rise in revenue from operations to Rs 1,271 crore in Q3 FY25 over Q3 FY24. Shares of Garden Reach Shipbuilders & Engineers (GRSE) rose 0.93% to Rs 1,720.55 on the BSE.Powered by Capital Market - Live

Garden Reach Shipbuilders & Engineers has signed Memorandum of Understanding with PWD (Roads & Bridges), Nagaland for supply of 08 Sets of Double Lane Modular Steel Bridges in the State of Nagaland. In the past, GRSE has delivered Modular Bridges to the Border Roads Organisation (BRO) and the National Highway Infrastructure Development Corporation Ltd (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.Powered by Capital Market - Live

This landmark MoU marks the first-ever MoU between GRSE and a northeastern 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. To date, GRSE has supplied over 5,800 modular bridges, it added. State-run GRSE is engaged in building warships and other vessels for the Indian Navy and Indian Coast Guard. It has also diversified into an engineering business with a product profile of prefabricated steel bridges, various deck machinery items, and assembly, as well as testing & overhauling of marine diesel engines. As of 31 December 2024, the Government of India holds 74.50% in the company. The company's net profit climbed 11.26% to Rs 98.19 crore on a 37.69% rise in revenue from operations to Rs 1,271 crore in Q3 FY25 over Q3 FY24. Powered by Capital Market - Live

Garden Reach Shipbuilders & Engineers (GRSE) has signed Contract with Ministry of External Affairs, Government of India for funding of Normal Refit of Mauritius Coast Guard Ship CGS Barracuda (MCGS Barracuda) to be undertaken by the Company. MCGS Barracuda, a warship, was constructed and supplied by GRSE to the Government of Mauritius for use of their Coast Guard in the year 2014. The value of the contract is Rs 123.07 crore. Powered by Capital Market - Live

The project involves the normal refit of MCGS Barracuda. GRSE's offer includes both services and spares, with mandatory spares as per the DL scope. Any additional spares required for extra work will be covered under the Growth of Work. The contract value is Rs 123.07 crore, plus 15% for the growth of work and additional spares. It is to be executed within 10 months from the date the ship becomes available for refit at GRSE Kolkata. State-run GRSE is engaged in building warships and other vessels for the Indian Navy and Indian Coast Guard. It has also diversified into an engineering business with a product profile of pre-fabricated steel bridges, various deck machinery items, and assembly, as well as testing & overhauling of marine diesel engines. As of 31 December 2024, the Government of India holds 74.50% in the company. The company's net profit climbed 11.26% to Rs 98.19 crore on a 37.69% rise in revenue from operations to Rs 1,271 crore in Q3 FY25 over Q3 FY24. Shares of Garden Reach Shipbuilders & Engineers shed 0.56% to Rs 1,344.15 on the BSE.Powered by Capital Market - Live

Net profit of Garden Reach Shipbuilders & Engineers rose 11.26% to Rs 98.19 crore in the quarter ended December 2024 as against Rs 88.25 crore during the previous quarter ended December 2023. Sales rose 37.69% to Rs 1271.01 crore in the quarter ended December 2024 as against Rs 923.10 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1271.01923.10 38 OPM %5.925.28 - PBDT145.10129.11 12 PBT133.76118.67 13 NP98.1988.25 11 Powered by Capital Market - Live