GRSE signs 5 MoUs at Bhavnagar's 'Samudra Se Samriddhi' Mission

At Bhavnagar's 'Samudra Se Samriddhi' Mission, launched by Hon'ble Prime Minister Shri Narendra Modi on Saturday, September 20, 2025, India's ambition to emerge among the world's top five shipbuilding nations by 2047 under the Maritime Amrit Kaal Vision, gathered fresh momentum. Garden Reach Shipbuilders & Engineers Ltd. (GRSE) signed a series of Memorandums of Understanding (MoUs) with strategic partners in the shipbuilding, port, and infrastructure sectors.

Cmde PR Hari, IN (Retd.), Chairman & Managing Director, GRSE, said, "We at GRSE are proud to be a part of this historic programme launched by Hon'ble Prime Minister Shri Narendra Modi to revitalise India's shipbuilding sector and realise the ambition of positioning India among the world's top five shipbuilding nations by 2047. Against this backdrop, GRSE's MoUs reinforce its role as a key contributor to India's shipbuilding resurgence and maritime self-reliance. The MoUs signed today represent a concrete step towards creating an ecosystem where shipyards, ports, operators, and infrastructure partners work in unison. With our legacy of delivering world-class warships and our growing foray into commercial shipbuilding, GRSE is fully committed to supporting the Aatmanirbhar Bharat and Maritime Amritkal vision. Together with our partners, we aim to build sustainable, green, and globally competitive solutions that will shape the future of Indian shipbuilding."

The MoUs were signed by Cmde A Vinith, IN (Retd.), Chief General Manager, GRSE, with the following organisations:

- Deendayal Port Authority (DPA), Kandla;
- Syama Prasad Mookerjee Port Authority, Kolkata (SMPA);
- Indian Port Rail & Ropeway Corporation Limited (IPRCL);
- The Shipping Corporation of India (SCI); and
- Modest Infrastructure Private Limited (MIPL).

These MoUs create a structured framework for GRSE and its partners to explore and jointly develop projects across multiple domains, newbuild construction (including green / lowemission vessels), ship repair, construction of green tugs as per GTTP specifications, development and maintenance of port infrastructure, jetty and berth development, multimodal logistics and last-mile connectivity, and related civil, rail and ropeway infrastructure for ports and terminals.

Shares of Garden Reach Shipbuilders & Engineers Limited was last trading in BSE at Rs. 2604.10 as compared to the previous close of Rs. 2626.70. The total number of shares traded during the day was 171513 in over 11415 trades.

The stock hit an intraday high of Rs. 2662.35 and intraday low of 2595.20. The net turnover during the day was Rs. 449778096.00.

Source : Equity Bulls

Keywords

GardenReachShipbuildersandEngineers INE382Z01011 GRSE Bhavnagar SamudraSeSamriddhi