Garden Reach Shipbuilders shares secure tourism vessel order from West Bengal Development Corp.
Why did Garden Reach Shipbuilders & Engineers Ltd shares jump today?
Garden Reach Shipbuilders & Engineers Ltd (GRSE) shares saw a marginal increase of , trading at on Monday at . This modest uptick in the stock price followed a significant business announcement made by the company to the stock exchanges.
The reason for the investor interest lies in a new order the company has secured. As per a filing under SEBI regulations, GRSE announced it has received a contract from the West Bengal Tourism Development Corporation Limited (WBTDCL). The order is for the "Procurement of two (02) nos. 100Pax Electric Ferry" and is valued at a contract price of .
According to the disclosure, this is a domestic order, and the project is to be completed within from the date of the contract signing. While the immediate share price reaction was muted, securing a ₹45 crore order for constructing electric ferries adds to the company's order book and reinforces its position in building specialized vessels, including those for green and tourism initiatives.
What does Garden Reach Shipbuilders & Engineers Ltd do?
Garden Reach Shipbuilders & Engineers Ltd is engaged in the construction of vessels for the domestic market. The company has secured a contract for the procurement of two 100-passenger electric ferries, demonstrating its capability in manufacturing specialized watercraft.
This order was awarded by the West Bengal Tourism Development Corporation Limited, a domestic entity, at a contract price of ₹45.02 crore. The business activity involves building electric-powered ferries designed to carry 100 passengers each.
Garden Reach Shipbuilders & Engineers Ltd Financials
In CroresGarden Reach Shipbuilders & Engineers Ltd reported a decline in its financials from March 2026 to June 2026. The company's revenue decreased from ₹2119.21 Crores in March to ₹1814.62 Crores in June, representing a quarter-on-quarter fall. Correspondingly, its profit also dropped significantly from ₹303.2 Crores in March to ₹172.84 Crores in the subsequent quarter. The data indicates a clear downward trend in both the top-line revenue and bottom-line profit for the period compared.
Garden Reach Shipbuilders & Engineers Ltd Shareholding Pattern
Promoter holding stands at 74.5% of the total share capital. Foreign Institutional Investors (FIIs) hold 3.21% stake in the company, while Domestic Institutional Investors (DIIs) hold 1.93%. Public shareholders hold the remaining 20.36% stake in Garden Reach Shipbuilders & Engineers Ltd.
Garden Reach Shipbuilders & Engineers Ltd FAQs
Q: Why did Garden shares jump 0.01% today?
In terms of Regulation 30 and other applicable provisions of SEBI (LODR) Regulations, 2015, we wish to inform you that the Company has received order from West Bengal Tourism Development ..... This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Garden Reach Shipbuilders & Engineers Ltd?
As per the latest data, promoters hold 74.5% stake in Garden Reach Shipbuilders & Engineers Ltd, while FII holding stands at 3.21%. Domestic institutional investors hold 1.93%, and public shareholders account for 20.36% of the equity.
Q: What is the current stock price of Garden Reach Shipbuilders & Engineers Ltd?
Garden Reach Shipbuilders & Engineers Ltd shares are currently trading at ₹2603.0, recording a gain of 0.01% from the previous close.
Q: What is the market capitalization of Garden Reach Shipbuilders & Engineers Ltd?
The company currently has a market capitalization of ₹29817.89 crore, reflecting its valuation in the Indian equity market.