CFF Fluid Control surges after inking MoU with GRSE for jointly developing subsea-based sonar

CFF Fluid Control jumped 4.13% to Rs 651 after the company announced the signing of a memorandum of understanding (MoU) with Garden Reach Shipbuilders and Engineers (GRSE) for enhancing CFF's portfolio in Naval & Marine Systems.

The parties have agreed to collaborate in the development of the subsea based sonar and to jointly pursue and execute contracts for the same by collaborating their mutual strengths and expertise.

CFF Fluid Control manufactures and services shipboard machinery, critical component systems and test facilities for submarines and surface ships for the defence sector. The company also designs, manufactures and provides services related to mechanical equipment and systems for industries such as nuclear and clean energy.

The company had reported 40.2% increase in net profit to Rs 9.80 crore on a 38.2% rise in net sales to Rs 65.53 crore in H2 FY25 as compared with H2 FY24.

Last week, the company had concluded its follow-on public offer (FPO). The offer opened on 09 July 2025, and it closed on 11 July 2025. The price of the FPO was set at Rs 585 per share.

The FPO had received bids for 1,20,94,200 shares as against 15,00,000 shares on offer. The issue was subscribed 8.06 times.

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