Garden Reach Shipbuilders & Engineers Limited — New Orders, 09-04-2025: Bagging/Receiving of orders/contracts

Garden Reach Shipbuilders & Engineers Ltd. has received a Letter of Award for the construction and delivery of two Coastal Research Vessels from the Geological Survey of India. The contract is valued at ₹489.98 crore and is to be executed within 36 months from signing. This domestic order signifies a strategic collaboration with a government entity, reinforcing GRSE's position in the naval construction sector. The project presents an opportunity for enhanced revenue generation and showcases the company's capabilities in specialized shipbuilding. Investors should monitor this development closely, as it could positively impact the company's future performance and growth trajectory.