Garden Reach Shipbuilders gets LoI worth Rs 37.94 crore

Garden Reach Shipbuilders & Engineers Ltd. | Ship Building | Construction & Infrastructure | BSE: 542011 | NSE: GRSE

04 Aug 2026 Evaluate

Garden Reach Shipbuilders & Engineers has received the Letter of Intent (LoI) for construction of ‘One 15 T Bollard Pull Electric Battery Propulsion Tug including installation of shore charging infrastructure for KDS, SMPA’ from Syama Prasad Mookerjee Port at a total value of Rs 37.94 crore (including GST and Taxes) on August 3, 2026.

Garden Reach Shipbuilders & Engineers is a shipbuilding company in India under the administrative control of the MoD and primarily adhere to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.

Peers

Company Name	CMP
Mazagon Dock Ship.	2200.00
Cochin Shipyard	1377.00
VMS Industries	17.85
Swan Defence & Heavy	2655.70
Knowledge Marine	2860.80
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.