Latest news with #GardenReachShipbuilders&EngineersLtd
India Gazette
18 hours ago
- Business
- India Gazette
Govt owned GRSE signs MoUs in Denmark & Sweden to make propulsion equipment and cruise vessels
ANI 09 Jun 2025, 14:43 GMT+10 New Delhi [India], June 9 (ANI): The Garden Reach Shipbuilders & Engineers Ltd. (GRSE) last week signed two strategic Memorandums of Understanding (MoUs) in Denmark and between GRSE and Berg Propulsion, a global leader in the development, manufacturing, and supply of marine propulsion systems, at Berg Propulsion's head office in Hono, Sweden, was signed on June 05. This MoU aims to leverage the combined capabilities and technical expertise of both organisations towards the manufacture of propulsion-related equipment and systems, with a specific focus on ongoing and future governmental the other hand, GRSE signed an MoU with Denmark's SunStone, a leading provider of expedition cruise vessels. This MoU highlights the intent for future collaboration in the area of expedition cruise vessels and was signed in Copenhagen.'These strategic engagements are in line with GRSE's vision to expand its capabilities and strengthen its role in the global maritime sector through meaningful international collaborations,' GRSE said on a social media platform called 'X'.Recently, a Memorandum of Intent (MOI) was signed by Carsten Rehder Schiffsmakler und Rehder GmbH & Co. KG, Germany and Garden Reach Shipbuilders & Engineers Ltd (GRSE) for the construction of an additional 4 numbers of 7,500 DWT multi-purpose vessels. These vessels will have hybrid propulsion and will adhere to the latest cybersecurity norms. This is in addition to an existing order of 8 such vessels currently being constructed at GRSE's Kolkata also signed MoUs with Aries Marine LLC from the UAE on collaboration on 'Construction of Offshore platforms and Vessels' and with a Global Engine March, keeping with its commitment to deliver top-quality warships to the Navy and Coast Guard, Garden Reach Shipbuilders and Engineers (GRSE) Ltd, successfully completed the Contractor Sea Trials (CSTs) of two platforms. (ANI)
Mint
a day ago
- Business
- Mint
GRSE share price gains up to 5% on signing global MOUs : Do you Own the stock that has almost doubled year to date?
Stock Market Today. GRSE share price gained up to 5% during the morning trades on Monday. The Garden Reach Shipbuilders & Engineers Ltd or GRSE had announced signing various global MOU's over the weekend. The Garden Reach Shipbuilders & Engineers or GRSE stock has almost doubled year to date. Garden Reach Shipbuilders & Engineers or GRSE over the weekend on Saturday 07 June 025 announced that various Memorandums of Understanding (MoUs) were signed by the company while on an official delegation tour to Sweden and Denmark. With its long history of success in providing marine engineering goods, Garden Reach Shipbuilders & Engineers Limited (GRSE) inked a Memorandum of Understanding (MoU) with M/s Berg Propulsion, Sweden, a world leader in the design, production, and distribution of marine propulsion systems. This MOU is a strategic move to expand GRSE's line of business in the marine equipment industry. With an emphasis on current and upcoming government projects, the partnership will make use of both firms' combined technical expertise and skills in the production of propulsion-related systems and equipment. GRSE and M/s SunStone, Denmark, a leading provider of expedition cruise vessels, inked a Memorandum of Understanding on June 6, 2025. This Memorandum of Understanding lays the groundwork for upcoming cooperation in the field of expedition cruise ships. Garden Reach Shipbuilders & Engineers or GRSE other MOUs Garden Reach Shipbuilders & Engineers or GRSE's official delegation visit to Norway also led the company signing various Memorandum of Intent (MoI) and Memorandum of Understandings (MoUs) GRSE signed MoI with M/s Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG, Germany for the construction of four (04) follow-on 7,500 DWT Multi-Purpose Vessels. The firm contract for the vessels is expected to be finalized by 31 Aug 2025. Besides GRSE also signed a MoU with M/s Aries Marine, a Dubai based, established and independent engineering and design firm for offshore Platform and vessel design. This MoU aims to facilitate collaboration on identifying and developing offshore orders for platforms designed by Aries and built by GRSE. GRSE also signed MoU with a Global Engine Manufacturer on the same day. Garden Reach Shipbuilders & Engineers or GRSE share price movement Garden Reach Shipbuilders & Engineers or GRSE share price that opened at ₹ 3344.65 with gains of 3% over the previous days close of ₹ 3246, gained further the highs of ₹ 3417.15 which translated in to gains of more than 5% for the Garden Reach Shipbuilders & Engineers or GRSE share price. The Garden Reach Shipbuilders & Engineers or GRSE share price has almost doubled in the year to date on various developments and MOUs improving streets confidence on forwad prospects Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
4 days ago
- Business
- Business Standard
Azad Engineering Ltd leads losers in 'A' group
Hitachi Energy India Ltd, Garden Reach Shipbuilders & Engineers Ltd, Jyoti CNC Automation Ltd and Zen Technologies Ltd are among the other losers in the BSE's 'A' group today, 06 June 2025. Hitachi Energy India Ltd, Garden Reach Shipbuilders & Engineers Ltd, Jyoti CNC Automation Ltd and Zen Technologies Ltd are among the other losers in the BSE's 'A' group today, 06 June 2025. Azad Engineering Ltd lost 6.34% to Rs 1641.75 at 14:47 stock was the biggest loser in the BSE's 'A' the BSE, 16.25 lakh shares were traded on the counter so far as against the average daily volumes of 29749 shares in the past one month. Hitachi Energy India Ltd tumbled 5.63% to Rs 18412.3. The stock was the second biggest loser in 'A' the BSE, 5864 shares were traded on the counter so far as against the average daily volumes of 6641 shares in the past one month. Garden Reach Shipbuilders & Engineers Ltd crashed 5.57% to Rs 3217. The stock was the third biggest loser in 'A' the BSE, 6.47 lakh shares were traded on the counter so far as against the average daily volumes of 6.78 lakh shares in the past one month. Jyoti CNC Automation Ltd corrected 5.42% to Rs 1217.3. The stock was the fourth biggest loser in 'A' the BSE, 25192 shares were traded on the counter so far as against the average daily volumes of 17852 shares in the past one month. Zen Technologies Ltd fell 5.00% to Rs 2083.85. The stock was the fifth biggest loser in 'A' the BSE, 1.72 lakh shares were traded on the counter so far as against the average daily volumes of 68693 shares in the past one month.
Time of India
5 days ago
- Business
- Time of India
Deals docked in Oslo: Indian shipbuilders ink pacts for vessels, green tech tie-ups; check key players
Indian maritime companies signed shipbuilding and technology collaboration agreements at the Nor-Shipping conference in Oslo, as part of a government-led push to boost global partnerships in the sector, according to an official statement released on Thursday. One of the key agreements includes a memorandum of intent signed between Germany's Carsten Rehder Schiffsmakler und Rehder GmbH & Co KG and Garden Reach Shipbuilders & Engineers Ltd (GRSE) for the construction of four multi-purpose vessels. The ships will feature hybrid propulsion systems and comply with advanced cybersecurity standards, the statement said, as reported PTI. In a separate development, Larsen & Toubro (L&T) signed a wide-ranging partnership with Norway's DNV. The collaboration covers shipbuilding, offshore and maritime projects, expansion of port infrastructure, energy systems, industrial and smart infrastructure, ESG compliance, cybersecurity, risk services and digital platforms. The deals were signed during the official visit of Union minister for Ports, Shipping and Waterways Sarbananda Sonowal to the Norway pavilion. Since June 2, Sonowal has been on a five-day trip to Norway and Denmark, leading a business delegation of Indian maritime firms. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo Companies in the delegation include L&T Shipbuilding, Yeoman Marine Services, Smart Engineering & Design Solutions (SEDS), Chowgule Shipbuilding Division, Goa Shipyard Limited, Mandovi Dockyards, Synergy Shipbuilders, Varya Tech Pvt Ltd, Marine Electricals, Buoyancy Consultants, Shoft Shipyard, Garden Reach Shipbuilders & Engineers (GRSE), Cochin Shipyard Ltd (CSL), and Swan Defence & Heavy Industries. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Upturn
6 days ago
- Business
- Business Upturn
Garden Reach shares jump 10% to hit new 52-week high; Check details
Shares of Garden Reach Shipbuilders & Engineers Ltd surged over 9% in early trading on Wednesday, reaching a new 52-week high of ₹3,465.50 on the NSE. As of 9:30 AM, the shares were trading 10% higher at Rs 3,465.50. The stock opened at ₹3,186.10 and touched an intraday low at the same level before climbing steadily. The day's high of ₹3,465.50 marks the highest point for the stock in the past year, surpassing its previous 52-week high. The 52-week low stands at ₹1,148.10. In the meantime, Garden Reach Shipbuilders and Engineers (GRSE) has taken a significant step toward advancing India's shipbuilding capabilities by signing a deal with Kongsberg, Norway, to build the country's first Polar Research Vessel (PRV). The agreement was signed in Oslo in the presence of Sarbananda Sonowal, Minister of Ports, Shipping, and Waterways. The PRV will be used by the National Centre for Polar and Ocean Research (NCPOR) for scientific exploration in the polar and southern ocean regions. This collaboration will provide GRSE with valuable design expertise from Kongsberg, helping India develop this specialized vessel domestically. GRSE, known for its experience in building complex marine platforms such as warships and research vessels, will construct the PRV at its Kolkata shipyard. This project supports the government's Make In India initiative by promoting indigenous manufacturing in the strategic shipbuilding sector. During his visit, Minister Sonowal also engaged with the Norwegian Shipowners Association to explore opportunities for maritime investments. He represented India at a high-level ministerial meeting on the 'Role of Shipping in Shaping the Future,' highlighting the country's growing focus on enhancing its maritime infrastructure and capabilities. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
