Garden Reach Shipbuilders & Engineers Ltd signs contract for MCGS Barracuda

Garden Reach Shipbuilders & Engineers Limited has signed Contract with Ministry of External Affairs, Government of India for funding of Normal Refit of Mauritius Coast Guard Ship CGS Barracuda (MCGS Barracuda) to be undertaken by the Company. MCGS Barracuda, a warship, was constructed and supplied by GRSE to the Government of Mauritius for use of their Coast Guard in the year 2014.

The order value is Rs. 123.07 crore plus 15% Gow (Growth of Work /Additional Work and Additional Spares) (excluding taxes).

Shares of Garden Reach Shipbuilders & Engineers Limited was last trading in BSE at Rs. 1351.70 as compared to the previous close of Rs. 1222.25. The total number of shares traded during the day was 174373 in over 6726 trades.

The stock hit an intraday high of Rs. 1404.50 and intraday low of 1201.20. The net turnover during the day was Rs. 234638074.00.

Source : Equity Bulls

Keywords

GardenReachShipbuildersandEngineers INE382Z01011 GRSE OrderWin MCGSBarracuda