Garden Reach Shipbuilders & Engineers Ltd.GRSE₹3,104.90 -4.03%

Garden Reach Shipbuilders & Engineers Ltd., one of India’s premier defence and research shipbuilders, has signed a contract with the Geological Survey of India (GSI) to construct two specialised Coastal Research Vessels (CRVs). The contract was signed on June 11, 2025, by Cdr Shantanu Bose, Director (Shipbuilding), GRSE and Dr N.M. Shareef, Deputy Director General, GSI, in the presence of Shri Asit Saha, Director General, GSI, and senior officials from both organisations.

Each CRV will be 64 meters long and 12 meters wide, with a deadweight of 450 tons and the capacity to accommodate 35 personnel. The vessels will feature diesel-electric propulsion systems and Dynamic Positioning-1 capabilities, allowing them to maintain stability in challenging sea conditions.

Designed for operations within India’s Exclusive Economic Zone (EEZ) in waters ranging from 5 to 1,000 meters deep, the ships will be used for offshore geological mapping, mineral exploration, ocean environment monitoring, and coastal research. Both vessels will be equipped with modern laboratories for scientific data processing and analysis.

In addition to the current CRV contract, the shipyard is already constructing an Ocean Research Vessel (ORV) for the National Centre for Polar and Ocean Research (NCPOR) and an Acoustic Research Ship (ARS) for DRDO’s Naval Physical and Oceanographic Laboratory (NPOL). GRSE has also previously delivered notable survey and research ships, including the INS Sagardhwani and two Sandhayak-class survey vessels.

Over the last three years, GRSE has given exceptional multibagger returns of more than 1,100%.

Let’s take a look at its Factor Analysis scores:

About GRSE

Founded in 1884 and taken over by the Government of India in 1960, GRSE is a Defence Public Sector Undertaking under the Ministry of Defence. It holds the distinction of being the first Indian shipyard to build a warship for the Indian Navy, INS Ajay in 1961. With over 800 platforms delivered, including 111 warships, GRSE is India’s most prolific warship builder. Its legacy spans frigates, corvettes, landing ships, fast patrol vessels, survey vessels, and export ships for Mauritius, Seychelles, and Guyana. The shipyard also manufactures marine engines, deck machinery, and portable steel bridges. Backed by four distinct shipbuilding facilities and a modern design centre, GRSE continues its pursuit of excellence with a strong focus on indigenous capability and global competitiveness.

Disclaimer

Investments in securities market are subject to market risks, read all the related documents carefully before investing. This is for informational purposes and should not be considered as recommendations.

Kindly refer to  https://share.market/ for more details.

PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887, and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. 

Registration granted by SEBI, enlistment as Research Analyst, and Certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors

Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.