Rs 50,000 crore order book: Defence Shipbuilding Company Signs MoU with Kalyani Strategic Systems Ltd
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The company has a market cap of over Rs 28,902.62 crore. The stock price has surged over 94.50 per cent in the last 1 year.
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On Friday, shares of Garden Reach Shipbuilders & Engineers Ltd jumped 4.97 per cent to Rs 2,528.80 per share from its previous closing of Rs 2,409.10 per share. The stock’s 52-week high is Rs 3,538.40 per share and its 52-week low is Rs 1,257.20 per share.
As of 10:22:57 IST, the stock was trading at Rs 2,528.80 on the NSE. During the session, the stock surged to an Intraday high of Rs 2,548, marking a rise of about 5.77 per cent from the previous closing price.
Shares of Garden Reach Shipbuilders & Engineers Ltd (GRSE) gained momentum after the company announced a strategic partnership with Kalyani Strategic Systems Ltd (KSSL), a subsidiary of Bharat Forge Ltd. The companies have signed a Memorandum of Understanding (MoU) to jointly develop and promote indigenous solutions for advanced naval systems and maritime technologies.
Strategic Partnership to Strengthen Indigenous Maritime Capabilities
In an official announcement on March 5, 2026, GRSE stated that the agreement aims to co-develop advanced indigenous maritime solutions while strengthening India’s Defence manufacturing ecosystem. The collaboration aligns with the government’s vision of Atmanirbharta (self-Reliance) in defence production and aims to expand both companies’ presence in domestic as well as international markets.
GRSE, a leading warship builder operating under India’s Ministry of Defence, will combine its extensive shipbuilding expertise with KSSL’s technological capabilities as a defence Original Equipment Manufacturer (OEM). Together, the companies plan to develop sophisticated naval platforms and maritime technologies for defence as well as commercial applications.
Under the partnership, both companies will collaborate across several advanced maritime technology segments.
A major focus will be the development of Unmanned Platforms, including Unmanned Surface Vessels (USVs) and Autonomous Underwater Vehicles (AUVs). These platforms are becoming increasingly important in modern naval operations for surveillance, reconnaissance and autonomous missions.
The collaboration will also extend to mechanical and propulsion systems, where the companies will jointly develop engineering solutions related to ship propulsion and integrated platform management systems.
Additionally, both companies will work on deck and specialised equipment, including steering systems, stabiliser assemblies and various types of deck machinery used in naval and commercial vessels.
Despite the wide scope of collaboration, both companies clarified that no specific financial implications have been determined at this stage of the agreement.
The partnership is expected to help both organisations identify and pursue new opportunities in India as well as mutually agreed international markets. By combining GRSE’s shipbuilding expertise with KSSL’s advanced defence technology capabilities, the alliance aims to enhance the operational capabilities of the Indian Navy and the Indian Coast Guard while also promoting Indian-made defence technologies globally.
About Garden Reach Shipbuilders & Engineers
Established in 1884, Garden Reach Shipbuilders & Engineers Ltd is a “Mini Ratna” Category I defence public sector enterprise and one of India’s premier warship builders. The company has built more than 800 platforms, including 115 warships, the highest number delivered by any Indian shipyard.
GRSE’s portfolio includes frigates, corvettes, patrol vessels and export warships, with deliveries made to countries such as Mauritius, Seychelles and Guyana.
About Kalyani Strategic Systems
Kalyani Strategic Systems Ltd is the defence arm of the Kalyani Group operating under Bharat Forge Ltd. The company specialises in the design, development and manufacturing of advanced defence systems and platforms, making it a key player in India’s growing defence manufacturing ecosystem.
Through this partnership with GRSE, KSSL aims to further strengthen India’s capabilities in advanced naval technologies, autonomous maritime systems and indigenous defence production.
The company has a market cap of over Rs 28,902.62 crore. The stock price has surged over 94.50 per cent in the last 1 year.
Disclaimer: The article is for informational purposes only and not investment advice.