Garden Reach Shipbuilders & Engineers announced the cessation of Sanjay Panse (DIN:02725875) as Part-Time Non Official Director (Independent Director) on the Board of the Company on 26 December 2024 on completion of his tenure. Powered by Capital Market - Live

Garden Reach Shipbuilders & Engineers announced the nomination of Garima Bhagar as Part Time Official Director (Govt. Nominee Director) on Board of the company with effect from 11 December 2024, replacing Rajeev Prakash (DIN: 08590061 ), Part Time Official Director (Govt. Nominee Director). Powered by Capital Market - Live

Earlier, on September 18, 2024, GRSE informed that it had bagged an order for the construction and delivery of additional four MPVs of 7,500 DWT each. 'The contracts for the remaining two vessels will be communicated as and when the respective contracts are signed,' said GRSE in an exchange filing. State-run GRSE is engaged in building warships and other vessels for the Indian Navy and Indian Coast Guard. It has also diversified into engineering business with a product profile of pre-fabricated steel bridges, various deck machinery items and assembly, as well as testing & overhauling of marine diesel engines. As on 30 September 2024, the Government of India holds 74.50% in the company. The company's net profit climbed 21.09% to Rs 97.77 crore on 28.4% rise in revenue from operations to Rs 1,152.92 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

Garden Reach Shipbuilders & Engineers has signed Contract for construction and delivery of second ship from series of the four additional vessel 7500 DWT Multi-Purpose Vessels (MPV) on 04 Dec 2024 at Hamburg, Germany. The contracts for the remaining two vessels will be communicated as and when the respective contracts signed. Powered by Capital Market - Live

The ferries will be operated on the River Hooghly by the West Bengal Transport Infrastructure Development Corporation. As per the contract, the hybrid ferries will carry passengers in all-weather conditions on River Hooghly (part of National Waterway ' 1, the Ganga-Bhagirathi-Hooghly River System) in the Kolkata Metropolitan Area (KMA), stretching from Triveni in the north to Diamond Harbour in the south. The said vessels will have catamaran hull design and be built with aluminum and Fiber Reinforced Polymer or FRP. The hybrid electric propulsion systems will be powered by batteries as well as diesel generators. The hybrid system will offer greater flexibility to the operator to switch from one mode to the other as per requirement, allowing for greater safety. The use of batteries will reduce pollution substantially. Of the 13 ferries for which the contract was signed, six will have twin decks with a capacity of 200 passengers each. The main deck will be air-conditioned. The estimated cost of these six vessels is Rs 126.41 crore (exclusing GST). The remaining seven vessels will have only a single deck with a passenger capacity of 100. These ferries will be nearly 25 meters long and 8 meters wide with a top speed of 9 knots. There is provision for five crew members on board. These seven vessels are expected to cost nearly Rs 99.77 crore (exclusing GST). State-run GRSE is engaged in building warships and other vessels for the Indian Navy and Indian Coast Guard. It has also diversified into engineering business with a product profile of pre-fabricated steel bridges, various deck machinery items and assembly, as well as testing & overhauling of marine diesel engines. As on 30 September 2024, the Government of India holds 74.50% in the company. The company's net profit climbed 21.09% to Rs 97.77 crore on 28.4% rise in revenue from operations to Rs 1,152.92 crore in Q2 FY25 over Q2 FY24. The counter advanced 1.67% to settle at Rs 1411.60 on Tuesday, 19 November 2024. The market will remain shut today on account of Maharashtra Assembly polls.Powered by Capital Market - Live

Garden Reach Shipbuilders & Engineers signed a contract with the Transport Department, Government of West Bengal, for the delivery of 13 hybrid ferries on 19 November, 2024. The ferries will be operated on the River Hooghly by the West Bengal Transport Infrastructure Development Corporation (WBTIDCL). These vessels will have catamaran hull design and be built with aluminum and Fiber Reinforced Polymer or FRP. The hybrid electric propulsion systems will be powered by batteries as well as diesel generators. The hybrid system will offer greater flexibility to the operator to switch from one mode to the other as per requirement, allowing for greater safety. The use of batteries will reduce pollution substantially. Of the 13 ferries for which the contract was signed, six will have twin decks with a capacity of 200 passengers each. The main deck will be air-conditioned. These vessels will be about 30 meters long and 8-10 meters wide. Their maximum speed will be 12 knots and each will require a crew of five. The estimated cost of these six vessels is Rs 126.41 crore (excl. GST). The remaining seven vessels will have only a single deck with a passenger capacity of 100. These ferries will be nearly 25 meters long and 8 meters wide with a top speed of 9 knots. There is provision for five crew members on board. These seven vessels are expected to cost nearly Rs 99.77 crore (excl. GST).Powered by Capital Market - Live

Garden Reach Shipbuilders& Engineers will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live

Equinox India Developments Ltd, Mazagon Dock Shipbuilders Ltd, Electrosteel Castings Ltd and Authum Investment & Infrastructure Ltd are among the other losers in the BSE's 'A' group today, 22 October 2024.Garden Reach Shipbuilders & Engineers Ltd crashed 16.13% to Rs 1513.1 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 2.46 lakh shares were traded on the counter so far as against the average daily volumes of 1.02 lakh shares in the past one month.Equinox India Developments Ltd tumbled 11.56% to Rs 114.75. The stock was the second biggest loser in 'A' group.On the BSE, 4.62 lakh shares were traded on the counter so far as against the average daily volumes of 2.55 lakh shares in the past one month.Mazagon Dock Shipbuilders Ltd lost 11.48% to Rs 4130. The stock was the third biggest loser in 'A' group.On the BSE, 1.76 lakh shares were traded on the counter so far as against the average daily volumes of 1.54 lakh shares in the past one month.Electrosteel Castings Ltd slipped 10.52% to Rs 165.05. The stock was the fourth biggest loser in 'A' group.On the BSE, 5.66 lakh shares were traded on the counter so far as against the average daily volumes of 1.1 lakh shares in the past one month.Authum Investment & Infrastructure Ltd pared 10.35% to Rs 1673.4. The stock was the fifth biggest loser in 'A' group.On the BSE, 33494 shares were traded on the counter so far as against the average daily volumes of 11847 shares in the past one month.Powered by Capital Market - Live

In a regulatory filing made post trading hours on Friday, the company informed that it has received letters of intent of award for a contract worth Rs 491 crore from the Naval Physical & Oceanographic Laboratory, Gol, Ministry of Defence DRDO, Kochi. The contract is for design, development, construction, integration of equipment, testing, certification, commissioning & supply of one acoustic research ship (ARS). The project has to be executed within a period of 36 months. State-run Garden Reach Shipbuilders & Engineers (GRSE) is engaged in building warships and other vessels for the Indian Navy and Indian Coast Guard. It has also diversified into engineering business with a product profile of pre-fabricated steel bridges, various deck machinery items and assembly, as well as testing & overhauling of marine diesel engines. As on 30 June 2024, the Government of India holds 74.50% in the company. On standalone basis, Garden Reach Shipbuilders & Engineers (GRSE) reported 13.71% increase in net profit to Rs 87.19 crore in Q1 FY25 as against Rs 76.68 crore posted in Q1 FY24. Revenue from operations jumped 33.58% year-on-year (YoY) to Rs 1,009.72 crore in the quarter ended 30 June 2024. Powered by Capital Market - Live

The contract is for design, development, construction, integration of equipment, testing, certification, commissioning & supply of one acoustic research ship (ARS). The project has to be executed within a period of 36 months. State-run Garden Reach Shipbuilders & Engineers (GRSE) is engaged in building warships and other vessels for the Indian Navy and Indian Coast Guard. It has also diversified into engineering business with a product profile of pre-fabricated steel bridges, various deck machinery items and assembly, as well as testing & overhauling of marine diesel engines. As on 30 June 2024, the Government of India holds 74.50% in the company. On standalone basis, Garden Reach Shipbuilders & Engineers (GRSE) reported 13.71% increase in net profit to Rs 87.19 crore in Q1 FY25 as against Rs 76.68 crore posted in Q1 FY24. Revenue from operations jumped 33.58% year onyear (YoY) to Rs 1,009.72 crore in the quarter ended 30 June 2024. The scrip had advanced 1.22% to end at Rs 1765.15 on the BSE. Powered by Capital Market - Live