Garden Reach Shipbuilders & Engineers Ltd Share Price – NSE /  BSE

Aerospace & Defence, Small Cap

The collaboration will focus on ship propulsion, mechanical systems, integrated platform management, steering and stabilizers, deck equipment, and unmanned platforms, including unmanned surface vessels (USVs) and autonomous underwater vehicles (AUVs). GRSE said the partnership reinforces India?s self-reliance in defense and maritime technology and aims to promote indigenization and technological collaboration across domestic and international markets.

Garden Reach Shipbuilders & Engineers (GRSE) is a public sector defense undertaking under the administrative control of the Ministry of Defence and a Schedule ?A? Mini Ratna Category-I company.

The company reported a 74% jump in consolidated net profit to Rs 171 crore in Q3 FY26 from Rs 98 crore in Q3 FY25. Revenue from operations increased to Rs 1,896 crore during the period under review, up 49% YoY.

Powered by Capital Market - Live News

Garden Reach Shipbuilders & Engineers has entered into a Memorandum of Understanding (MoU) with Kalyani Strategic Systems on 05 March 2026. This MoU was signed to jointly develop and promote indigenous solutions for advanced naval systems, unmanned platforms, and other strategic maritime capabilities for domestic and global markets.

Powered by Capital Market - Live News

The collaboration will focus on ship propulsion, mechanical systems, integrated platform management, steering and stabilizers, deck equipment, and unmanned platforms, including unmanned surface vessels (USVs) and autonomous underwater vehicles (AUVs). GRSE said the partnership reinforces India?s self-reliance in defense and maritime technology and aims to promote indigenization and technological collaboration across domestic and international markets.

Garden Reach Shipbuilders & Engineers (GRSE) is a public sector defense undertaking under the administrative control of the Ministry of Defence and a Schedule ?A? Mini Ratna Category-I company.

The company reported a 74% jump in consolidated net profit to Rs 171 crore in Q3 FY26 from Rs 98 crore in Q3 FY25. Revenue from operations increased to Rs 1,896 crore during the period under review, up 49% YoY.

The scrip jumped 4.07% to settle at Rs 2,407.55 on the BSE.

Powered by Capital Market - Live News

Garden Reach Shipbuilders & Engineers & Hindustan Shipyard (HSL) signed a Memorandum of Understanding (MoU) on Monday, 09 February 2026, to form a consortium aimed at undertaking a large-scale, strategically significant national shipbuilding programme.

The partnership envisages the construction of advanced maritime platforms and is expected to contribute to the enhancement of the country's maritime infrastructure, technological self-reliance, and long-term operational capabilities.

Powered by Capital Market - Live News