Garden Reach Shipbuilders shares jump 6% on singing multiple MoUs; Details

Garden Reach Shipbuilders & Engineers (GRSE) shares jumped 6 per cent on BSE, logging an intraday high at ₹2,761.65 per share. At 10:00 AM, GRSE’s share price was trading 4.37 per cent higher at ₹2717.8 per share on BSE. In comparison, the BSE Sensex was down 0.1 per cent at 82,540.26.

 

The market capitalisation of the company stood at ₹31,147.83 crore. The 52-week high of the stock was at ₹3,535 per share, and the 52-week low was at ₹1,180.1.  CATCH STOCK MARKET UPDATES LIVE

Why are Garden Reach shares rising in trade?

The stock advanced after the company signed the following Memorandum of Understandings(MoUs) with strategic partners in the shipbuilding, port, and infrastructure sectors. 

 

The partners include: Deendayal Port Authority, Kandla; Syama Prasad Mookerjee Port Authority, Kolkata; Indian Port Rail & Ropeway Corporation; The Shipping Corporation of India and Modest Infrastructure Private Limited. 

 

The MoUs were inked at Bhavnagar’s ‘Samudra Se Samriddhi’ Mission, launched by Prime Minister Narendra Modi on Saturday, September 20, 2025. The aim is to emerge among the world’s top five shipbuilding nations by 2047 under the Maritime Amrit Kaal Vision, gathered fresh momentum.

 

“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,” said  PR Hari, chairman & managing director, GRSE.    

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.

 

Prior to this, GRSE signed a contract worth $62.44 million with a Hamburg-based company for the construction of four hybrid multi-purpose vessels. The contract also includes a provision for an additional two hybrid propulsion vessels, a company statement said.

 

The 120-metre-long and 17-metre-wide vessels will feature battery-assisted hybrid propulsion, improved fuel efficiency, and flexible cargo handling systems, aligning with International Maritime Organization (IMO) decarbonisation targets.