Garden Reach Shipbuilders & Engineers Limited

Garden Reach Shipbuilders & Engineers Limited

Garden Reach Shipbuilders & Engineers Limited (GRSE) has been declared the Lowest Bidder (L1) for a tender issued by Shyama Prasad Mukherjee Port, Kolkata (SMPK). The tender is for the supply of one 15 TON Electric Bollard Pull Tug, valued at approximately Rs. 40.00 crores. The bid was opened on June 23, 2026, marking a positive development for GRSE's order book.

Garden Reach Shipbuilders & Engineers Limited

Garden Reach Shipbuilders & Engineers Limited (GRSE) announced it has been granted 'Navratna' Status by the Department of Public Enterprises, Ministry of Finance, Government of India, effective June 19, 2026. This significant milestone reflects the company's robust financial performance, operational efficiency, and contribution to national security. For investors, achieving Navratna status typically grants the Public Sector Undertaking greater operational and financial autonomy, potentially enabling faster decision-making and strategic growth opportunities.