Garden Reach Shipbuilders & Engineers (GRSE) witnessed a significant surge in its stock price, climbing to Rs. 1844.30, up by 89.40 points or 5.09% from the previous close of Rs. 1754.90 on the BSE.

The stock opened at Rs. 1775.00, reaching a peak of Rs. 1876.00 and a low of Rs. 1733.00 during the session. A total of 78,804 shares were exchanged. The stock, with a face value of Rs. 10, hit a 52-week high of Rs. 2834.60 on July 5, 2024, and a 52-week low of Rs. 648.05 on October 26, 2023. The company's market capitalization stands at Rs. 21,074.13 crore. Promoters hold 74.50% of the company, while institutional and non-institutional investors hold 7.11% and 18.39%, respectively.

On August 29, 2024, GRSE signed a Memorandum of Understanding (MoU) with the National Highway Infrastructure Development Corporation (NHIDCL) for the construction and delivery of double-lane Class 70 Modular steel and Bailey bridges. These bridges will enhance connectivity in critical border areas, supporting troop and equipment movement.

GRSE’s Double-Lane Steel Bridge is the only indigenous solution of its kind, aligned with India’s Aatmanirbhar Bharat mission. Under a previous MoU with the Border Roads Organization (BRO), GRSE has already delivered 44 such bridges across India. The first bridge was built at Flaghill, Dokalam, Sikkim, in 2021.

These bridges feature a 7.5-meter-wide carriageway, high-tensile steel construction, and IRC 70R load capacity, supporting the movement of heavy vehicles. Their modular design allows for easy transportation and quick assembly in remote regions, typically within 30 to 45 days.