Garden Reach Shipbuilders & Engineers Ltd News Today

This collaboration supports Government of India initiative of 'Aatmanirbhar Bharat' that promotes indigenous manufacturing-led self-reliance in strategic areas including shipbuilding.

Execution timeline for the project has been fixed at 26 months from the date of signing of agreement.

Each MPV will measure 120 meters long, 17 meters wide, and have a maximum draft of 6.75 meters, with a cargo capacity of 7,500 tonnes.

The estimated total cost of the project is ₹123.97 crore and includes 15% for any increase of work, additional repairs and spare parts during the refit period.

Garden Reach Shipbuilders Ltd declared a record-high interim dividend of ₹8.95 a share

The new vessel order also indicates GRSE is following the path of progress towards innovation, operational effectiveness, and consolidating its footing as a major player across the globe.

Ferries will operate along the River Hooghly. Management will be carried out by the West Bengal Transport Infrastructure Development Corporation Ltd (WBTIDCL).

The contract was signed with Carsten Rehder Schiffsmakler and Reederei GmbH & Co KG, Germany, under an existing "option agreement" for four additional MPVs

The contract is valued around $54 million, and the order will be fulfilled in 33 months.

Here are some of the stocks that may see significant price movement today: IREDA, Garden Reach Shipbuilders, Nazara Tech, etc.