GRSE Share Price Surges 5% on German Multi-Vessel Deal

Garden Reach Shipbuilders & Engineers Limited (GRSE) saw a notable rise in its share price, reaching ₹1,790 at its intraday high on March 25, 2025, reflecting a 2.32% increase from its previous close of ₹1,704.55. The stock opened at ₹1,754.55 and traded within a range of ₹1,735 to ₹1,790 at 10:05 AM on the NSE.

The surge came after the company announced a contract with Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG of Germany for the construction and delivery of 2 additional Multi-Purpose Vessels (MPVs).

Details of the Agreement

The latest contract follows an earlier ‘Option Agreement’ between GRSE and Carsten Rehder for the procurement of four additional MPVs. Under this deal, GRSE will now be constructing a total of 8 vessels, with an estimated order value of approximately 108 million USD.

Each of these Multi-Purpose Vessels will measure 120 meters in length, 17 meters in width, and feature a maximum draft of 6.75 meters.

The vessels are designed to carry 7,500 metric tonnes of cargo, accommodating bulk, general, and project cargoes, with containers placed on hatch covers.

Notably, the ships are specifically designed to transport large windmill blades on deck, emphasising their role in supporting renewable energy logistics.

Stock Performance and Market Impact

GRSE’s stock has demonstrated strong performance in recent years. Over the past year, the stock has surged by 118%, outperforming its sector by 42%. Over the last 3 years, it has provided an impressive 637% return, significantly outpacing the broader market indices such as Nifty50 and Sensex, as per news reports.

About GRSE’s Legacy and Market Position

Garden Reach Shipbuilders & Engineers Ltd. (GRSE) is a Defence Public Sector Undertaking (DPSU) under the administrative control of the Ministry of Defence.

Classified as a Schedule ‘A’ Mini Ratna Category I company, GRSE has built a strong reputation as a premier shipyard in India. Established in 1934, the company specialises in the construction of a wide range of vessels, including naval warships, commercial ships, and specialised vessels for defence and security applications.

Conclusion

GRSE’s deal with Carsten Rehder highlights its expanding presence in both the defence and commercial shipbuilding sectors.

With its experience in shipbuilding and a steady order book, the company continues to play a significant role in the maritime and defence industries.

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.