GRSE Share Price in Focus on Mar 24; From 20% Surge on Mar 19 to Market Stability

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has been in focus on Monday. On March 24, 2025, GRSE share price opened at ₹1,701.60, the same as its previous close of ₹1,701.60. At 10:08 AM, the share price of GRSE was trading at ₹1,699.50, down by 0.12% on the NSE. The stock price touched its day’s low so far at ₹1,681.05. 

GRSE has seen investor interest over the past week following Germany’s decision to increase infrastructure and defence spending. 

This move by German lawmakers is part of a broader European military expansion, driven by geopolitical tensions such as the ongoing war in Ukraine. 

The defence sector, including GRSE, has benefited from these developments, with the company hitting the 20% upper circuit at ₹1,641.35 per share on March 19, extending its winning streak for four consecutive sessions. On March 20, the stock reached a high of ₹1,782.90.

GRSE’s Breakthrough MoU with PWD Nagaland

On March 20, 2025, GRSE announced the signing of a Memorandum of Understanding (MoU) with the Public Works Department (PWD) of Nagaland for the supply of eight sets of Double Lane Modular Steel Bridges. 

This agreement marks GRSE’s first-ever MoU with a North Eastern state, aligning with the Indian government’s Make in India initiative to boost regional development. The signing ceremony took place in Kohima on March 19, 2025, with key officials, including DIG Subrato Ghosh (Retd.), Director (Personnel), GRSE, and Shri Swarai Meru, Chief Engineer, PWD Nagaland, in attendance.

GRSE has a strong track record in manufacturing and supplying Modular Bridges to key infrastructure entities like the Border Roads Organisation (BRO), National Highway Infrastructure Development Corporation Ltd (NHIDCL), and various state governments. 

Additionally, it has exported bridges to friendly nations, including Bhutan, Nepal, Myanmar, Sri Lanka, and Bangladesh. To date, the company has successfully delivered over 5,800 Modular Bridges, solidifying its position as a leader in modular infrastructure development.

With market momentum and strategic partnerships, GRSE continues to expand its presence in both domestic and international markets, strengthening its position in India’s defence and infrastructure sectors.

Conclusion

GRSE’s recent performance in the stock market and its landmark MoU with PWD Nagaland highlight the company’s growing influence in India’s defence and infrastructure sectors. 

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