Announced Tue, 4 Aug · 11:46 IST
GRSE gets LOI worth Rs 37.94 cr from SMPA for electric battery tug
GRSE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.2%1-day move
₹2581.80
prior close
₹2563.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.0-0.2+0.0-3.2+0.8+0.4+0.4-0.2+2.0————
Up moveDown movePending
AI summary
Garden Reach Shipbuilders (GRSE) received a Letter of Intent from Syama Prasad Mookerjee Port on 3 Aug 2026 for building one 15 T Bollard Pull Electric Battery Propulsion Tug along with shore charging infrastructure at Kolkata Dock System. Total contract value stands at Rs 37,94,48,131 including GST and taxes.
Likely market impact
Small government port order worth about Rs 37.94 cr. Adds modestly to order book and supports green shipbuilding. Limited material stock impact.