Garden Reach Shipbuilders & Engineers (GRSE) shares rose over 2.8% today, trading at ₹1,801.00 at 10:41 AM on the NSE. The stock’s upward momentum followed after the company signed MoU with the National Highway Infrastructure Development Corporation Ltd. (NHIDCL) for the fabrication, supply and launch of Double-Lane Class 70 modular steel and Bailey bridges.
This arrangement requires the construction and delivery of Class 70R DoubleLane Bridges, particularly designed by GRSE, to boost connectivity in crucial forward places along India’s borders, enabling efficient troop and equipment deployment.
As per the filing, the Memorandum of Understanding was signed between Dr. Krishan Kumar, IAS, Managing Director, NHIDCL and Cmde PR Hari, IN (Retd.), CMD, GRSE in the august presence of Shri Anshu Manish Khalkho, IDAS, (Director, A&F), NHIDCL and DIG Subrato Ghosh, ICG (Retd.), Director (Personnel), GRSE and other senior officers of GRSE & NHIDCL.
