GRSE Shares Surge Nearly 5% on INR 50,000 Crore Order Book MoU with Kalyani Strategic Systems

Garden Reach Shipbuilders (GRSE) shares surged nearly 5% today after signing a key MoU with Kalyani Strategic Systems Ltd, a Bharat Forge arm. The deal eyes joint work on home-grown naval tech like propulsion systems and unmanned vessels, supporting GRSE's target of Rs 50,000 crore order book by FY26 end (March 2026). This partnership fuels India's self-reliance drive in defence shipbuilding amid strong market buzz.​​

GRSE Shares Rally After Kalyani MoU Announcement

GRSE shares climbed 4.84% to Rs 2,525.70 on NSE today. This marks a Rs 116.60 gain from yesterday's close of Rs 2,409.10. The stock reached a day high of Rs 2,576 amid high trading volume of over 38 lakh shares, double the average.

The rally ties directly to the MoU news from 5 March 2026. Markets see it as a boost for GRSE's defence growth. Day low stood at Rs 2,425.40, with market cap at Rs 28,932 crore.​

MoU Details Fuel GRSE Order Book Expansion

GRSE, a leading defence shipbuilder, inked the pact with Bharat Forge's Kalyani Strategic Systems. It targets indigenous naval systems like propulsion, steering gear, and unmanned vessels. No orders signed yet, but it eyes joint bids for Indian and global projects.

GRSE's order book was Rs 20,205 crore as of September 2025. It targets Rs 50,000 crore by FY26 end via big projects like Next-Gen Corvettes. The firm now builds 28 ships, soon expanding to 32.​

Why GRSE Stock Hits Upper Circuit on Defence News

The MoU fits India's push for self-made defence tech under Atmanirbhar Bharat. GRSE has delivered 115+ warships since 1884 and exports globally. Shares trade at 41.94 times earnings, with EPS at Rs 60.22.​

Current status shows steady gains as of 6 March 2026, afternoon. No new contracts announced, but analysts eye Q3 FY26 results. Year high is Rs 3,538.40; low Rs 1,282.70. This positions GRSE strongly in the naval orders race.

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