GRSE shares hit 10% upper circuit after MoU with Norway’s Kongsberg for India’s first polar research vessel

June 4, 2025

Shares of Garden Reach Shipbuilders and Engineers (GRSE) surged 10% after signing an MoU with Norway’s Kongsberg for India’s first Polar Research Vessel. The deal marks a significant boost for GRSE amid its ongoing defence shipbuilding projects, including the Navy’s Next Generation Corvettes order.

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