GRSE pays Interim Dividend of Rs 63 Crores for FY 2022-23

Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company of India, has paid an interim dividend of Rs.63 Crores for FY 2022-23 to its shareholders. The Interim Dividend Cheque amounting to Rs. 46.93 Crore as the government's share was handed over to Hon'ble Raksha Mantri Shri Rajnath Singh, by Cmde P R Hari, IN (Retd), Chairman & Managing Director of GRSE Ltd. Kolkata, today at New Delhi in the presence of Shri Giridhar Aramane, Defence Secretary, Shri T Natarajan, Additional Secretary (Defence Production), Shri R K Dash, Director (Finance), GRSE and senior officials from Ministry of Defence & GRSE.

GRSE has declared an interim dividend of Rs. 5.50 per equity share of Rs.10 for FY 22-23 against Rs.4.95 in FY 21-22. GRSE has been consistent in paying dividend to the Shareholders and has done so every year for the last 29 years. The company has a strong order book position of Rs 22,242.42 Crs. as on 31 Dec 22 and has recently concluded another contract of over Rs 3500 Cr with the Indian Navy for the construction of 04 Next Generation Offshore Patrol Vessels.

Shares of Garden Reach Shipbuilders & Engineers Limited was last trading in BSE at Rs. 456.95 as compared to the previous close of Rs. 461.60. The total number of shares traded during the day was 31432 in over 2073 trades.

The stock hit an intraday high of Rs. 466.50 and intraday low of 454.00. The net turnover during the day was Rs. 14488682.00.

Source : Equity Bulls

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GardenReachShipbuildersandEngineers INE382Z01011 GRSE InterimDividend FY2023