Garden Reach Shipbuilders & Engineers Limited (GRSE) attended the Commercial Negotiation Committee (CNC) meeting convened by the Ministry of Defence (MoD) for opening of commercial bids for the acquisition of eight (08) Next Generation Corvettes (NGC) on 21 May 2025 in New Delhi.
During the meeting, the Commercial bids were opened and it was noted that GRSE become the Lowest bidder (L1) for Construction of Next Generation Corvettes (NGC) for Indian Navy. The L1 bidder will be awarded five (05) NGC ships at a likely value of more than ₹25,000 crores.
Shares of Garden Reach Shipbuilders & Engineers Limited was last trading in BSE at Rs. 2752.95 as compared to the previous close of Rs. 2500.10. The total number of shares traded during the day was 1374282 in over 57647 trades.
The stock hit an intraday high of Rs. 2798.40 and intraday low of 2446.65. The net turnover during the day was Rs. 3694193776.00.