Garden Reach Shipbuilders & Enginers shares jumped more than 5%n in morning trade after the company bagged letters of intent of award for a contract worth Rs 491 crore from the Naval Physical & Oceanographic Laboratory, Gol, Ministry of Defence DRDO, Kochi.
The deal includes the design, development, construction, integration of equipment, testing, certification, commissioning and supply of one acoustic research ship (ARS).
As of 9:24 am, Garden Reach shares were trading 5.40% higher at Rs 1,859.95 on the NSE.
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