Garden Reach Shipbuilders & Engineers Limited (GRSE) has been upgraded to a ‘Schedule A’ Central Public Sector Enterprise (CPSE) by the Government of India. This upgrade reflects the company’s strong financial performance and operational efficiency. The move will allow GRSE to strengthen its senior management team and enhance its ability to manage its business more effectively.
The Department of Public Enterprises under the Ministry of Finance officially notified this upgradation on September 17, 2024. GRSE plays a key role in contributing to national security, and this milestone further solidifies its standing in India’s defense sector.
As of 10:15 am the shares of Garden Reach Shipbuilders & Engineers Limited were trading 0.20% higher at ₹1,730.15 on NSE.
