GRSE Share Price in Focus After Signing of MoU With PWD Nagaland

On March 20, 2025, the GRSE share price gained attention following the company’s announcement of a major business development. Garden Reach Shipbuilders & Engineers Ltd. (GRSE) revealed that it had reached a significant milestone by signing a groundbreaking Memorandum of Understanding (MoU) with PWD Nagaland for the supply of 8 sets of Double Lane Modular Steel Bridges in the state. The GRSE share price opened at ₹1,734.95 and touched the day high of ₹1,746.10 at 10:15 AM

Scope of MoU

This historic MoU marks the first-ever collaboration between GRSE and a North Eastern state, in line with the Government of India’s Make in India initiative aimed at fostering regional development. The MoU was signed on March 19, 2025, in Kohima by DIG Subrato Ghosh, ICG (Retd.), Director (Personnel) at GRSE, and Shri Swarai Meru, Chief Engineer, PWD Nagaland, in the presence of Shri Natarajan Partheepan, General Manager (Bailey Bridges) at GRSE.

Previous Supply of Modular Bridges

Previously, GRSE has supplied Modular Bridges to organisations such as the Border Roads Organisation (BRO), the National Highway Infrastructure Development Corporation Ltd (NHIDCL), as well as to various state governments and friendly nations including Bhutan, Nepal, Myanmar, Sri Lanka, and Bangladesh. To date, GRSE has delivered over 5,800 Modular Bridges.

GRSE Management on Earnings

Cmde Hari PR, IN (Retd) Chairman and Managing Director, Garden Reach Shipbuilders & Engineers Limited said, “The Q3 results have been very encouraging and we are confident of a good set of numbers even during Q4FY25. The order book is strong and the ongoing projects are progressing well. We also expect more orders in the coming months to bolster our order book position. And so, the future looks definitely bright for GRSE. “

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.