GRSE Signs MoU with PWD Nagaland for Modular Steel Bridges

 

Summary:

Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has signed an MoU with PWD (Roads & Bridges), Nagaland for the supply of eight sets of Double Lane Modular Steel Bridges in the state. To date, GRSE has supplied over 5,800 modular bridges.

Stock Performance:

  • The stock rose 6.47% intraday, reaching a high of Rs.1,747.65 following the announcement.
  • Market Cap: Rs. 19,393.65 Cr.

Key Data Points:

  • Company: Garden Reach Shipbuilders & Engineers Ltd. (GRSE)
  • Agreement: MoU with PWD (Roads & Bridges), Nagaland
  • Project: Supply of 08 Double Lane Modular Steel Bridges
  • Total Bridges Supplied: Over 5,800


About the Company:

Garden Reach Shipbuilders & Engineers Ltd is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. GRSE is a diversified, profit making and the first Shipyard in the country to export warships and deliver 100 warships to the Indian Navy and Indian Coast Guard.

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