Garden Reach Shipbuilders & Engineers Ltd becomes L1 to build research vessel for DRDO

Garden Reach Shipbuilders & Engineers Limited has become Lowest bidder (L1) for construction of a Research Vessel for Defence Research and Development Organisation (DRDO). The order value is likely to be Rs. 500 crores approx. The contract is currently under negotiation and has not yet been signed.

Shares of Garden Reach Shipbuilders & Engineers Limited was last trading in BSE at Rs. 1298.75 as compared to the previous close of Rs. 1180.70. The total number of shares traded during the day was 213046 in over 8860 trades.

The stock hit an intraday high of Rs. 1298.75 and intraday low of 1216.10. The net turnover during the day was Rs. 273934504.00.

Source : Equity Bulls

Keywords

GardenReachShipbuildersandEngineers INE382Z01011 GRSE L1 ResearchVessel DRDO