GRSE’s stock surged more than 3% following the company’s announcement of signing a contract for the construction and delivery of the second 7,500 Deadweight Tonnage (DWT) Multi-Purpose Vessel (MPV) on December 4, 2024, in Hamburg, Germany.
This follows GRSE’s September 2024 news of securing an order for four additional MPVs. The contract strengthens GRSE’s position as a leading shipbuilder and highlights its commitment to meeting growing global demands for high-capacity, versatile vessels. The company also plans to sign contracts for the remaining two vessels soon.
GRSE (Garden Reach Shipbuilders & Engineers) stock has shown impressive movement with a high of ₹1,823.00 and a low of ₹1,770 today. Over the last 52 weeks, its stock has reached a high of ₹2,833.80 and a low of ₹673.45.
As of 11:03 am, GRSE shares were trading 3.39% higher at Rs 1,820.00 on the NSE.
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