India's Garden Reach Shipbuilders gains on pact to develop naval systems

Garden Reach Shipbuilders & Engineers

06/03/2026 04:24

** Shares of Garden Reach Shipbuilders & Engineers GRSE.NS rise 5.4% to 2540.1 rupees

** GRSE enters into pact with Kalyani Strategic Systems to jointly develop indigenous naval systems and unmanned platforms

** Stock on course to rise most in a session since January 30

** GRSE up ~3% YTD, after rising for five straight years

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))