Garden Reach Shipbuilders & Engineers Lands Order Worth ₹45.02 Crore for Electric Ferry Procurement
Garden Reach Shipbuilders & Engineers Limited (GRSE) has secured a significant order from the West Bengal Tourism Development Corporation Limited (WBTDCL). The contract, valued at ₹45.02 crore, involves the procurement of two 100Pax Electric Ferries.The order was awarded to GRSE on August 24, 2026, by WBTDCL. This transaction represents a domestic contract, and the agreement does not fall under related party transactions.
The details of the contract awarded by the West Bengal Tourism Development Corporation Limited are as follows:
| Contract Detail | Specification |
|---|---|
| Entity Awarding Order | West Bengal Tourism Development Corporation Limited (WBTDCL) |
| Nature of Contract | Procurement of two 100Pax Electric Ferries |
| Contract Value | ₹ 45.02 crore |
| Execution Timeline | The project must be completed within 18 months from the date of signing the contract |
The contract specified the procurement of the electric ferries from a domestic entity. Furthermore, the company confirmed that neither the promoter nor the promoter group has any interest in the entity that awarded the order.
This contract, valued at ₹45.02 crore, is set to be executed by GRSE for the delivery of the specialized transport vessels.
GRSE Stock Price Movement
Garden Reach Shipbuilders & Engineers Limited shares closed today, edging higher to settle at ₹2620.40 after gaining 0.73%. The stock recorded a volume of 322,063 shares during the trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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