23 Apr, 15:59 - Indian

Nifty Midcap 100 55041.1 (1.18)

Nifty IT 35414.65 (4.34)

Nifty Bank 55370.05 (-0.50)

Nifty Pharma 21738.95 (1.40)

Nifty Next 50 65999.65 (0.69)

Nifty Smallcap 100 16969.75 (0.44)

Nifty 50 24328.95 (0.67)

SENSEX 80116.49 (0.65)

23 Apr, 15:59 - Global

NIKKEI 225 34868.63 (1.89)

HANG SENG 22072.62 (2.37)

S&P 5448.75 (2.29)


Hot Pursuit News

You are Here : Home > News > Hot Pursuit News >

(25 Mar 2025, 10:53)

GRSE inks pact with German firm for two more multi-purpose vessels

Garden Reach Shipbuilders & Engineers said that it has signed a contract with Germany-based Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG for the construction and delivery of the seventh and eighth 7,500 DWT multi-purpose vessels (MPVs).


The contract was formally signed and finalized on 24 March 2025 in Hamburg, Germany.

This agreement follows the 'option agreement' between the two parties for the procurement of four additional MPVs, bringing GRSE’s total order to eight vessels. The overall contract value remains at approximately $108 million, with no change in financial terms.

Each MPV will be 120 meters long, 17 meters wide, and have a maximum draft of 6.75 meters. It is capable of carrying 7,500 tonnes of cargo. Each vessel will feature a single cargo hold designed to accommodate bulk, general, and project cargoes, with containers carried on the hatch covers. These ships are specifically designed to transport multiple large windmill blades on deck.

State-run GRSE is engaged in building warships and other vessels for the Indian Navy and Indian Coast Guard. It has also diversified into an engineering business with a product profile of prefabricated steel bridges, various deck machinery items, and assembly, as well as testing & overhauling of marine diesel engines. As of 31 December 2024, the Government of India holds 74.50% in the company.

The company's net profit climbed 11.26% to Rs 98.19 crore on a 37.69% rise in revenue from operations to Rs 1,271 crore in Q3 FY25 over Q3 FY24.

Shares of Garden Reach Shipbuilders & Engineers (GRSE) rose 0.93% to Rs 1,720.55 on the BSE.

More News
More Company News View Company Information

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +