Garden Reach Shipbuilders & Engineers : Down 30% from top

 https://youtu.be/nXaqrcbjoGU?si=YvWwOb4scvCaDNkJ

  • Garden Reach Shipbuilders & Engineers : Down 30% from top
  • GRSE is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily serves the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. 
  • As a diversified, profit-making, and dividend paying company, GRSE holds the distinction of being the first shipyard in the country to export warships and has delivered over 100 warships to the Indian Navy and Coast Guard  
  • Market capitalisation touched an all-time high at `25,000 crore, reflecting the abiding trust and confidence of our shareholders  
  • At a Global level, there is a strong demand from Europe and the Middle East for various types of vessels including Short Sea Ships, Offshore Support Vessels, Wind Farm Support Vessels, Product Tankers etc  
  • Order book position is healthy, which as of 31 March 24, stood at `22,652 crore  
  • Currently building 18 warships for the Indian Navy, and delivering these vessels to the satisfaction of customer is of utmost priority  
  • MoU for production, sale, and service of medium-speed engines for the Indian Navy and Coast Guard with M/s Caterpillar Inc., and a license agreement with M/s Rolls-Royce for the production and localisation of MTU Series 4000 Marine Engines, enhancing manufacturing capabilities at Diesel Engine Plant in Ranchi, are significant efforts that are expected to bring critical marine propulsion technology to the country  


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