GRSE signs concessional agreement with Syama Prasad Mookerjee Port, Kolkata

Garden Reach Shipbuilders & Engineers Limited (GRSE) has signed Concessional Agreement with Syama Prasad Mookerjee Port, Kolkata (SMPK) for utilizing 03 Nos. Kidderpore Dry Docks along with its associated facilities, today on 07 Oct 21. The concessional agreement will be for 15 years which is further extendable for another 15 years. This facility will be utilized for Ship repair and refit activities for Naval & Coast Guard Ships, Port Trust Vessels as well as Commercial Ships. As per the Concessional Agreement, the profit generated will be shared equally between GRSE and SPMK.

Shares of Garden Reach Shipbuilders & Engineers Limited was last trading in BSE at Rs. 195.80 as compared to the previous close of Rs. 197.65. The total number of shares traded during the day was 33721 in over 1207 trades.

The stock hit an intraday high of Rs. 204.00 and intraday low of 194.00. The net turnover during the day was Rs. 6714233.00.

Source : Equity Bulls

Keywords

GardenReachShipbuildersandEngineers INE382Z01011 GRSE ConcessionAgreement SyamaPrasadMookerjeePort Kolkata