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GRSE's shares rose 6% on Sept. 22, 2025, after winning a $62M contract to build hybrid vessels for a German firm, marking its first major international export.
Garden Reach Shipbuilders & Engineers Ltd. (GRSE) saw its shares rise up to 6% on September 22, 2025, driven by a $62 million contract to build four hybrid multi-purpose vessels for a German firm, with an option for two more.
The 120-meter vessels, designed for cargo and wind turbine transport, mark GRSE’s first major international commercial export.
Construction spans 33 to 42 months, building on prior collaboration in Kolkata.
The company also signed five MoUs with Indian port and infrastructure entities to advance green shipbuilding, ship repair, port development, and multimodal logistics.
GRSE reported strong quarterly profits and revenue growth, with its stock up nearly 65% in 2025.
Las acciones de GRSE subieron un 6% el 22 de septiembre de 2025, después de ganar un contrato de 62 millones de dólares para construir buques híbridos para una empresa alemana, marcando su primera gran exportación internacional.