Garden Reach Shipbuilders & Engineers Limited — Important, 22-05-2025: General Updates

GRSE has announced a board meeting. The company won the lowest bidder (L1) status to build five Next Generation Corvettes for the Indian Navy, with a potential contract value over ₹25,000 Cr. This major order significantly strengthens GRSE’s order book and reinforces its leadership in defense shipbuilding, promising strong revenue visibility ahead.