Strategic Boost to Atmanirbharta in Shipbuilding as GRSE and HSL Sign MoU

Taking another significant step towards strengthening India's shipbuilding capabilities through collaborative participation, Garden Reach Shipbuilders & Engineers (GRSE) Ltd & Hindustan Shipyard Limited (HSL) signed a Memorandum of Understanding (MoU) on Monday, February 09, 2026, to form a consortium aimed at undertaking a large-scale, strategically significant national shipbuilding programme.

The partnership envisages the construction of advanced maritime platforms and is expected to contribute to the enhancement of the country's maritime infrastructure, technological self-reliance, and long-term operational capabilities.

The MoU was signed by Cdr Shantanu Bose, IN (Retd.), Director (Shipbuilding), GRSE and Capt Ganti Venkateswarlu, IN (Retd.), Officiating Chairman & Managing Director, HSL, in the presence of senior officials from GRSE & HSL.

This collaboration is expected to leverage the complementary strengths of both shipyards and further reinforce the national vision of enhancing indigenous maritime capability and self-reliance in shipbuilding.

Shares of Garden Reach Shipbuilders & Engineers Limited was last trading in BSE at Rs. 2514.35 as compared to the previous close of Rs. 2401.55. The total number of shares traded during the day was 143318 in over 9646 trades.

The stock hit an intraday high of Rs. 2538.50 and intraday low of 2420.00. The net turnover during the day was Rs. 355678914.00.

Source : Equity Bulls

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GardenReachShipbuildersandEngineers INE382Z01011 GRSE CommercialVehicles MoU HindustanShipyard