In terms of Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has signed Contract with M/s. Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG in Hamburg, Germany for the Construction of (04) Hybrid Multi-Purpose Vessels (MPVs) at a total value of USD 62.44 million.The detailed disclosure in this regard is enclosed.
GRSE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Garden Reach Shipbuilders (GRSE) has signed a contract with German firm Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG to build 4 Hybrid Multi-Purpose Vessels (MPVs). The total contract value is USD 62.44 million (roughly ₹520 crore). The vessels will be constructed at GRSE's facilities. This is a commercial export order from a private German shipping company, not a government defence contract. The deal adds to GRSE's order book and showcases its capability in the global commercial shipbuilding market.
Positive for the stock — this is a sizable foreign-currency export order that strengthens GRSE's order pipeline and highlights growing demand for its shipbuilding expertise in international markets.