India's Garden Reach Shipbuilders rises on inking three global contracts

Garden Reach Shipbuilders & Engineers

05/06/2025 06:22

** Garden Reach Shipbuilders and Engineers GRSE.NS rise 3.47% to 3,473 rupees

** GRSE inks three construction and design contracts with global firms

** Signs memorandum of intent with Germany-based Carsten Rehder for construction of 4 multi-purpose vessels

** Also signs memorandum of understanding (MoU) with Dubai- based M/S Aries Marine for offshore platform and vessel design

** Signs another MoU with a global engine manufacturer

** GRSE shares up ~114% YTD

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))