GRSE-KSSL Collaboration Charts New Course for Self-Reliant Maritime Innovation

Reinforcing India's journey towards self-reliance in defence and maritime technology, Garden Reach Shipbuilders & Engineers (GRSE) Ltd signed a Memorandum of Understanding (MoU) with Kalyani Strategic Systems Limited (KSSL) on Thursday, March 05, 2026, to jointly develop and promote indigenous solutions for advanced naval systems, unmanned platforms, and other strategic maritime capabilities for domestic and global markets.

The partnership envisions collaborative efforts to deliver indigenous solutions across a broad spectrum of maritime and defence systems, encompassing ship propulsion and mechanical systems for both naval and commercial vessels, integrated platform management systems, steering and stabilizer assemblies, deck equipment, as well as unmanned platforms, including Unmanned Surface Vessels (USVs) and Autonomous Underwater Vehicles (AUVs). The collaboration will also seek to identify and pursue opportunities within India and in other mutually agreed international markets.

The MoU was signed by Cdr Shantanu Bose, IN (Retd.), Director (Shipbuilding), GRSE and Cmde Ajay Sharma, IN (Retd.), Vice President, Marine Systems, Bharat Forge Ltd, in the presence of Cmde PR Hari, IN (Retd.), CMD, GRSE, Shri Baba Kalyani, CMD, Bharat Forge Ltd., Shri Niranjan Bhalerao, Director (Finance), GRSE, Shri M. Venkatesh Murthy, Executive Director (Commercial Shipbuilding & Supply Chain Management), GRSE, and senior officials from both organisations.

This collaboration is expected to combine GRSE's extensive expertise in shipbuilding and maritime engineering with KSSL's capabilities as a leading defence OEM in the design and manufacture of advanced defence platforms and systems. The partnership will further contribute to strengthening the national vision of Atmanirbharta by promoting indigenisation, technological collaboration, and enhanced capabilities in defence and maritime systems.

Shares of Garden Reach Shipbuilders & Engineers Limited was last trading in BSE at Rs. 2522.65 as compared to the previous close of Rs. 2407.55. The total number of shares traded during the day was 239130 in over 13969 trades.

The stock hit an intraday high of Rs. 2578.35 and intraday low of 2425.05. The net turnover during the day was Rs. 604443258.00.

Source : Equity Bulls

Keywords

GardenReachShipbuildersandEngineers INE382Z01011 GRSE CommercialVehicles MoU KalyaniStrategicSystems