Garden Reach Shipbuilders & Engineers Ltd signs MoUs in Sweden and Denmark

Garden Reach Shipbuilders & Engineers Limited (GRSE), with its long-standing excellence in supplying marine engineering products, signed a MoU with M/s Berg Propulsion, Sweden, a global leader in the development, manufacturing, and supply of marine propulsion systems. This MoU marks a strategic step towards enhancing GRSE's portfolio in the marine equipment market. The collaboration will leverage the combined capabilities and technical know-how of both organizations in manufacturing propulsion-related equipment and systems, with a particular focus on ongoing and future governmental projects.

On 6 Jun 2025, GRSE signed a MoU with M/s SunStone, Denmark, a leading provider of expedition cruise vessels. This MoU sets the stage for future collaboration in the areas of expedition cruise vessels.

Shares of Garden Reach Shipbuilders & Engineers Limited was last trading in BSE at Rs. 3246.90 as compared to the previous close of Rs. 3406.65. The total number of shares traded during the day was 749095 in over 53121 trades.

The stock hit an intraday high of Rs. 3482.00 and intraday low of 3199.05. The net turnover during the day was Rs. 2480952870.00.

Source : Equity Bulls

Keywords

GardenReachShipbuildersandEngineers INE382Z01011 GRSE CommercialVehicles MoU BergProdulsion SunStone