Indian shipbuilder stocks rise as budget unveils 250 bln-rupee maritime fund

Garden Reach Shipbuilders & Engineers

01/02/2025 06:13

** Shares of Indian shipbuilding stocks jump as Finance
Minister Nirmala Sitharaman unveils maritime development fund
with corpus of 250 bln rupees ($2.89 bln) in budget
    ** Garden Reach Shipbuilders and Engineers  GRSE.NS  and
Mazagon Dock Shipbuilders  MAZG.NS  rise 3.4% and 1.7%
respectively; Shipping Corp of India  SCI.NS  jumps 5.3% 

($1 = 86.5360 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))