GRSE and Andhra Pradesh Maritime Board Sign MoU for Future Mutual Progress

GRSE signed MOU with Andhra Pradesh Maritime Board (APMB) at the 30th Edition of 'Partnership Summit 2025', held in Visakhapatnam on 14 Nov 25. This strategic partnership aims to foster mutual progress through collaborative initiatives in maritime infrastructure development, shipbuilding, and related sectors.

The MoU outlines a framework for cooperation between GRSE and APMB to leverage each other's strengths in enhancing maritime capabilities of setting up a Greenfield shipyard. Key areas of collaboration include the development of shipbuilding facilities, modernization of existing infrastructure, and joint ventures in constructing advanced vessels tailored to the needs of both Defence and Commercial sectors.

Shares of Garden Reach Shipbuilders & Engineers Limited was last trading in BSE at Rs. 2887.60 as compared to the previous close of Rs. 2896.85. The total number of shares traded during the day was 126589 in over 9384 trades.

The stock hit an intraday high of Rs. 2979.25 and intraday low of 2872.50. The net turnover during the day was Rs. 371515326.00.

Source : Equity Bulls

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GardenReachShipbuildersandEngineers INE382Z01011 GRSE CommercialVehicles APMB MoU