ESDM company receives order worth Rs 29.40 crore from Garden Reach Shipbuilders & Engineers Ltd

Centum Electronics Ltd has secured a significant domestic contract from Garden Reach Shipbuilders & Engineers Limited (GRSE) for the supply of Advanced Naval Navigation Systems. Valued at Rs 29.40 crore (excluding Taxes), this order represents a major strategic milestone as it introduces a completely new system category to Centum’s portfolio, specifically designed for deployment on frontline warships. This achievement underscores the company's growing technical capabilities and its dedication to providing mission-critical technologies for India’s maritime Defence infrastructure.

The project is scheduled for execution by February 2028, reflecting a long-term commitment to enhancing the navigational capabilities of the Indian Navy. By successfully securing this work order through a domestic entity, Centum Electronics is well-positioned to expand its footprint within the defence maritime domain. This contract not only reinforces Centum's role as a key contributor to India's armed forces but also establishes a foundation for future opportunities in specialised naval electronic systems.

About the Company

Founded in 1993, Centum Electronics Limited is one of the largest Electronics System Design and Manufacturing (ESDM) companies in India. It offers an entire spectrum of design services and manufacturing of systems, subsystems for mission-critical products in Defence, Space, Aerospace, Industrial, Transportation and Medical sectors.^[

The company has a market cap of over Rs 3,000 crore. The stock is up by 50 per cent in 2 years and has given multibagger returns of 390 per cent in 5 years.

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