Garden Reach Shipbuilders & Engineers Ltd Quarterly Results

Garden Reach Shipbuilders zooms ~5% on securing $62 Million order

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According to the company, these 4 new hybrid MPVs highlight GRSE’s increasing footprint in green and commercial shipbuilding.

Titagarh Rail Wins ₹467 Crore Shipbuilding Order from Garden Reach Shipbuilders

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This order is in line with Titagarh Rail’s push to diversify its portfolio beyond the railway segment.

Banaras Locomotive Works Awards ₹91 Crore Order to Titagarh Rail

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According to the company, the vessels are being built for GRSE and will be deployed by the Geological Survey of India (GSI) as research ships for coastal exploration.

GRSE Reports 30% Jump in Q1 Revenue to ₹1,309.8 Crore

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

GRSE Partners with Germany’s Reintjes GmbH to Enhance Ship Propulsion Systems

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

India’s Defence Stocks Surge as Israel-Iran Conflict Escalates

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

GRSE to Build Two Research Vessels for Geological Survey of India

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

GRSE Partners with Berg Propulsion and SunStone for Marine Projects

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

Garden Reach inks MoI for four multi-purpose vessels

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

Cochin Shipyard shares rally ~7% in line with defence stocks

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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.