Rs 20,000+ Crore Order Book: Defence Shipbuilding Company Signs MoU with Hindustan Shipyard Ltd

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Rs 20,000+ Crore Order Book: Defence Shipbuilding Company Signs MoU with Hindustan Shipyard Ltd

The stock has delivered multibagger returns of 120 per cent from its 52-week low and a whopping 1,200 per cent in 5 years.

Garden Reach Shipbuilders & Engineers Ltd (GRSE) and Hindustan Shipyard Ltd (HSL) executed a Memorandum of Understanding (MoU) on February 9, 2026, in Kolkata to establish a consortium for a major national shipbuilding program. The agreement was formalised by Cdr Shantanu Bose, Director of Shipbuilding at GRSE, and Capt Ganti Venkateswarlu, Officiating CMD of HSL. This strategic partnership aims to combine the resources of both shipyards to undertake large-scale projects and strengthen domestic shipbuilding capacity.

The collaboration focuses on the Construction of advanced maritime platforms intended to enhance India's maritime infrastructure and long-term operational capabilities. By leveraging the complementary strengths of the two entities, the consortium seeks to support the national objective of technological self-Reliance and indigenous production within the Defence sector. The initiative marks a collaborative effort to address strategic requirements through shared expertise and infrastructure.

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About the Company

Established in 1884 and nationalised in 1960, Garden Reach Shipbuilders & Engineers Ltd. (GRSE) is a Schedule ‘A’ Mini Ratna Defence PSU recognised for delivering India’s first indigenous warship, INS Ajay, in 1961. Operating four distinct shipyards with the infrastructure to construct 28 vessels concurrently, GRSE has delivered over 800 platforms to date, including a record 115 warships for the Indian Navy, Coast Guard, and international clients such as Mauritius and Seychelles. Beyond its core shipbuilding capabilities—which cover a range from frigates to survey vessels supported by in-house design labs—the company has diversified into pre-fabricated steel bridges, deck machinery, and marine engine overhauling. Recent accolades include the 2025 Defence Minister’s Award for Excellence in Financial Performance and recognition for designing the Navy's most silent ASW ship.

Revenue from operations also saw a significant surge, climbing to Rs 5,076 crore in FY25 from Rs 3,593 crore in the previous year, representing a 41 per cent increase. Profit After Tax (PAT) witnessed an impressive 48 per cent growth, rising to Rs 527 crore in FY25 from Rs 357 crore in FY24. The President of India’s portfolio owns 8,53,41,240 shares or 74.50 per cent stake in the company as of December 2025. The Order Book as of September 30, 2025, stands at over Rs 20,000 crore. The stock has delivered multibagger returns of 120 per cent from its 52-week low and a whopping 1,200 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.