Garden Reach Shipbuilders & Engineers Ltd News & Stock Insights Today

EBITDA nearly doubled to ₹111.8 crore during the quarter. This is compared to ₹56.3 crore a year ago.

The partnership is expected to improve propulsion efficiency and performance for both defence warships and commercial vessels.

Garden Reach Shipbuilders, Zen Technologies, and Cochin Shipyard saw their stock prices rise between 4% and 6% during Friday’s trade.

These ships are being developed specifically for research and exploration along India’s maritime borders.

SunStone deal is aimed at future cooperation in designing and possibly building expedition cruise vessels ships used for adventure tourism and remote sea travel.

As per its filing, the business also entered into a memorandum of intent with Carsten Rehder Schiffsmakler und Reederei.

Defence stocks witnessed a rally despite a dim market sentiment, adding over 1% in Nifty India Defence index. This marks a third straight session of gains.

Under this MoU, Kongsberg will provide the design framework and technical inputs required to develop the PRV.

The company also stated that it plans to expand its shipbuilding capacity from 24 to 28 ships by the end of FY 2025.

The company said that for FY25, its board of directors recommended a final dividend of ₹4.90 per equity share.