{"id":3739,"date":"2024-08-30T10:50:24","date_gmt":"2024-08-30T05:20:24","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=3739"},"modified":"2024-08-30T10:50:25","modified_gmt":"2024-08-30T05:20:25","slug":"garden-reach-shipbuilders-shares-zoom-as-company-signs-mou-with-nhidcl","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/garden-reach-shipbuilders-shares-zoom-as-company-signs-mou-with-nhidcl\/","title":{"rendered":"Garden Reach Shipbuilders shares zoom as company signs MoU with NHIDCL"},"content":{"rendered":"\n

Garden Reach Shipbuilders & Engineers Ltd. (GRSE) saw its share price rise over 2% in early trading on August 30 following the announcement of a Memorandum of Understanding (MoU) with the National Highway Infrastructure Development Corporation Ltd. (NHIDCL). The MoU is for the fabrication, supply, and launching of Double-Lane Class 70 modular steel and Bailey bridges.<\/p>\n\n\n\n

The company’s shares surged to a high of Rs 1,794.65 apiece on the NSE, reflecting a 2.13% increase. This rise comes after three consecutive days of decline.<\/p>\n\n\n\n

The agreement with NHIDCL involves the construction and delivery of Class 70R Double Lane Bridges to improve connectivity in critical forward areas along India’s borders. The double-lane bridges are designed for smooth deployment in troops and equipment.<\/p>\n\n\n\n

GRSE is one of the leading yards under MoD and broadly caters to the requirements of Indian Navy and Indian Coast Guard. First Indian yard: GRSE which exported warships, first Indian yard: GRSE that delivered 100 warships to the Indian Navy and Coast Guard.<\/p>\n\n\n\n

At the time of filing this report, shares of GRSE were trading at Rs 1,769.40 apiece on NSE. The stock has delivered handsome dividends to its investors rallying 117.78% on BSE in the last 180 days while soaring 854.68% in the previous three years.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at <\/em>media@lakshmishree.com<\/p>\n\n\n\n

Source:\u00a0Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Garden Reach Shipbuilders & Engineers Ltd. (GRSE) saw its share price rise over 2% in early trading on August 30 following the announcement of a Memorandum of Understanding (MoU) with the National Highway Infrastructure Development Corporation Ltd. (NHIDCL). The MoU is for the fabrication, supply, and launching of Double-Lane Class 70 modular steel and Bailey […]<\/p>\n","protected":false},"author":1,"featured_media":3740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[310],"class_list":["post-3739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-garden-reach-signs-mou"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=3739"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3739\/revisions"}],"predecessor-version":[{"id":3741,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3739\/revisions\/3741"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/3740"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=3739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=3739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=3739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}