GRSE becomes L1 bidder for 15 Ton Electric Tug worth about Rs 40 crores

Business Updates View source PDF Explain this filing

GRSE · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.7%Reaction day

₹2799.80

prior close

₹2789.10

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.2%-0.9% vs market

Aerospace & Defense peers, median of 24sector-1.0%+0.3% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Smallcap 250 and 0.3 pts more than its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.8

10m

+1.2

15m

+1.0

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7+0.2-0.9-1.0+0.3

Next day

-2.9-0.2-2.6-2.6-0.2

-3.9-0.7-3.2-3.2-0.7

-2.5-0.2-2.3-1.2-1.3

-2.4+0.3-2.7-0.8-1.7

-0.6+1.3-1.9+0.1-0.7

-1.0+1.9-2.9+1.0-2.0

15d

-7.5+2.0-9.5-2.6-4.9

-7.9-0.8-7.0-4.0-3.9

-7.3+3.5-10.8-1.5-5.8

-16.0+2.3-18.3-0.5-15.6

UpDownMarket · Nifty Smallcap 250Sector · Aerospace & Defense peers, median of 24Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

GRSE has emerged as the Lowest bidder (L1) for supplying one 15 TON Electric Bollard Pull Tug to Shyama Prasad Mukherjee Port, Kolkata (SMPK), a government port. The order is valued at about Rs 40 crores. SMPK opened the bid on 23 Jun 2026. The win is subject to final award. This is a domestic commercial port order, not a defence contract.

Likely market impact

Mildly positive: about Rs 40 crores adds to the order book but is small relative to GRSE's overall revenue base.