Garden Reach Shipbuilders & Engineers Ltd
In terms of Reg 30 and other applicable provisions of the SEBI (LODR) Reg 2015, we wish to inform you that the Company has received the Letter of Intent (LOI) for construction of ''One ....
ORDERS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 04 Aug 2026, 11:46 AM IST · BSE ID: 2c1cb235-75b4-4b1f-aebd-71421de04760
View Original BSE Filing (PDF)
💡
In Simple Terms
GRSE has been selected to build a special electric tugboat for Syama Prasad Mookerjee Port for over Rs. 37 crore.
🤖 AI Summary
- GRSE secures Letter of Intent for one 15 T Bollard Pull Electric Tug.
- Order value totals Rs. 37,94,48,131/- inclusive of GST and taxes.
- Client is Syama Prasad Mookerjee Port for tug and charging infrastructure.
- LOI received on August 03, 2026, for construction contract.
🔢 Key Numbers — exact figures from BSE filing, not rounded
LOI Value
₹37,94,48,131/-
Tug Type
One 15 T Bollard Pull Electric Battery Propulsion Tug
Client
Syama Prasad Mookerjee Port
🏢 How This Affects the Company
This order enhances GRSE's order book in specialized vessel construction. It demonstrates the company's capability in electric propulsion technology and shore charging infrastructure.
The Rs. 37.94 Crore order adds to GRSE's backlog, contributing to future revenue streams and supporting overall financial performance.
The construction of the tug will require allocation of shipbuilding resources and potentially specialized component sourcing for the electric propulsion system.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders at this time.
👤
Who Is Affected
All shareholders are affected by new order wins that contribute to the company's revenue and future prospects.
🔍
Management Signal
This signifies management's continued focus on securing orders and expanding its portfolio in specialized shipbuilding.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Confirmation of the final contract post-LOI.
Timeline for commencement and completion of tug construction.
Subsequent orders from port authorities for similar vessels.
LOW RISK
LOI signifies a strong intent; however, final contract execution is pending.
💡 Investor Takeaway
GRSE received a Rs. 37,94,48,131/- LOI from Syama Prasad Mookerjee Port for one 15 T Electric Tug, including shore charging infrastructure.
⚖️ Strengths & Concerns
✅ Positives
- Secured Rs. 37,94,48,131/- LOI for construction of one 15 T Bollard Pull Electric Tug.
- Order includes installation of shore charging infrastructure for Syama Prasad Mookerjee Port.
📅 Company Track Record
GRSE previously secured an order worth Rs. 1032.07 Crore from ONGC for four Platform Supply Vessels and was identified as lowest bidder for a 15 TON Electric Bollard Pull Tug tender.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the value of the LOI received by GRSE?
GRSE received a Letter of Intent (LOI) valued at ₹37,94,48,131/- inclusive of GST and taxes.
Who is the client for the new GRSE order?
The client is Syama Prasad Mookerjee Port.
What will GRSE construct under this LOI?
GRSE will construct one 15 T Bollard Pull Electric Battery Propulsion Tug, including shore charging infrastructure.
When was the LOI received by GRSE?
The LOI was received on August 03, 2026.
Questions based on this BSE filing only. For information purposes.