Garden Reach Shipbuilders Share Price Movement and Recent Developments

Market Performance

Shares of Garden Reach Shipbuilders & Engineers (GRSE) rose over 6% in early trading on March 20. This marks the fifth consecutive session of gains for the stock. The share price opened at ₹1734.95, surpassing the previous close of ₹1641.15, and reached an intraday high of ₹1746.10.

Memorandum of Understanding with PWD Nagaland

GRSE recently signed a Memorandum of Understanding (MoU) with the Public Works Department (PWD) Nagaland to supply modular steel bridges. As per the exchange filing, the company will provide eight sets of Double Lane Modular Steel Bridges under this agreement. This collaboration is significant as it marks the first such agreement between GRSE and a state in the North Eastern region of India.

The MoU was formally signed in Kohima on March 19, 2025, by DIG Subrato Ghosh, ICG (Retd.), Director (Personnel), GRSE, and Shri Swarai Meru, Chief Engineer, PWD Nagaland. Shri Natarajan Partheepan, General Manager (Bailey Bridges), GRSE, attended the event.

Modular Bridge Contributions

GRSE has supplied over 5,800 modular bridges to various agencies, including the Border Roads Organisation (BRO) and the National Highway Infrastructure Development Corporation Ltd (NHIDCL). Additionally, modular bridges manufactured by GRSE have been exported to Bhutan, Nepal, Myanmar, Sri Lanka, and Bangladesh.

Stock Price Trend

The share price of GRSE has been on an upward trend, marking a 31% increase over the past five sessions. The stock experienced a 20% surge in the previous trading session, reaching its upper circuit limit.

Over a more extended period, GRSE shares have increased by 127% in the past year. Over the last five years, the stock has seen a significant rise of 1125%, reflecting substantial growth in investor confidence.

Summary

• GRSE shares gained over 6% in early trade on March 20, continuing a five-day positive streak.
• The company signed an MoU with PWD Nagaland for eight double-lane modular Steel Bridge sets.
• The stock has recorded a 127% rise in the past year and 1125% over five years.

This development highlights GRSE’s growing infrastructure project role and continued market momentum.