Garden Reach Shipbuilders & Engineers Ltd signs two non-binding MoUs

Garden Reach Shipbuilders & Engineers Ltd has entered into the following two (2) numbers of non-binding MoUs, which are confidential in nature.

- M/s Merlinhawk Aerospace Private Limited for Collaboration towards development of composite Doors and Hatches for use in Naval Ships, Counter UAV Solution using EDFCS along with CRN 91, EOIRST for Surveillance, Composite Masts for Indian Navy Ships and Hydrogen fuel cells based power generation for maritime applications.

- M/s Kerala State Electronics Development Corporation Limited (KEL TRON) for establishing collaborative working arrangement towards development of core futuristic technologies in various fields to achieve self-reliance in certain areas of Under Water Surveillance.

Shares of Garden Reach Shipbuilders & Engineers Limited was last trading in BSE at Rs. 2458.60 as compared to the previous close of Rs. 2534.45. The total number of shares traded during the day was 221332 in over 25974 trades.

The stock hit an intraday high of Rs. 2604.00 and intraday low of 2420.00. The net turnover during the day was Rs. 558727968.00.

Source : Equity Bulls

Keywords

GardenReachShipbuildersandEngineers INE382Z01011 GRSE NonBinding MoUs