Garden Reach Shipbuilders & Engineers Ltd. announced on April 9, 2025, that it has received a significant order worth ₹489.98 crore from the Geological Survey of India (GSI). The contract includes the design, construction, and delivery of two coastal research vessels, as reported by CNBC TV18.
The project is scheduled for completion within 26 months from the date of contract signing, further expanding Garden Reach Shipbuilders’ footprint in specialised vessel construction.
On April 8, 2025, Garden Reach Shipbuilders signed a Memorandum of Understanding (MoU) with SWAN Defence and Heavy Industries Ltd. to enhance indigenous capabilities in commercial shipbuilding.
The partnership aims to focus on the construction of commercial vessels and offshore structures, targeting both domestic and international clients, and supporting India’s broader maritime objectives.
In March 2025, Garden Reach Shipbuilders signed its first-ever MoU with a North-Eastern state, the PWD Nagaland, for the supply of 8 sets of Double Lane Modular Steel bridges.
While the financial value of this agreement was not disclosed, the deal marks a strategic milestone in extending Garden Reach Shipbuilders’ infrastructure solutions to the North-East.
These new developments underline Garden Reach Shipbuilders’ ongoing diversification beyond defence shipbuilding, entering sectors like scientific research support and rural infrastructure. The company continues to align its strategy with national initiatives such as Make in India and Atmanirbhar Bharat, leveraging its design and manufacturing capabilities.
As of the end of trading on April 9, 2025, Garden Reach Shipbuilders & Engineers’ shares closed at ₹1,568.00 on the NSE, reflecting a 0.14% gain. The Deliverable/Traded Quantity stood at 18.99%, and the company’s market capitalisation was reported at ₹17,961.75 crore.
With a new ₹489.98 crore order from GSI and strategic MoUs in commercial shipbuilding and rural infrastructure, Garden Reach Shipbuilders continues to expand its operational reach across India. These initiatives not only strengthen its order book but also demonstrate its growing role in supporting India’s maritime and developmental priorities.
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Published on: Apr 9, 2025, 7:05 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and asset management, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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