Garden Reach Shipbuilders & Engineers Ltd
In terms of Regulation 30 and other applicable provisions of SEBI (LODR) Reg, 2015, we wish to inform you that the Company has received the Notification of Award (NOA) on 30 Jul 2026 for ....
ORDERS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 30 Jul 2026, 03:35 PM IST · BSE ID: eecd2703-44bd-4317-b8be-076b18c412b3
View Original BSE Filing (PDF)
💡
In Simple Terms
Garden Reach Shipbuilders just won a large contract worth over Rs. 1,000 Crore to build four ships for ONGC.
🤖 AI Summary
- GRSE received a Rs. 1032.07 Crore order for four Platform Supply Vessels from ONGC.
- The contract includes construction and delivery of the vessels.
- Project execution timeline is set at 48 months from the NOA date.
- The order is with a domestic entity, ONGC.
- No promoter interest is involved in the awarding entity.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Order Value
₹1032.07 Crore
Execution Timeline
48 months from NOA
🏢 How This Affects the Company
This significant order win bolsters GRSE's order book and strengthens its position in the shipbuilding sector, particularly in serving oil and gas exploration clients.
The Rs. 1032.07 Crore contract will contribute substantially to future revenue streams and improve capacity utilization over the 48-month execution period.
The company will need to mobilize resources and manage production schedules efficiently to meet the 48-month completion deadline for the four vessels.
Execution risk associated with large shipbuilding projects remains, but the domestic nature of the client and project scope appears manageable.
👥 What This Means For Shareholders
✅
Action Required
No action is required by shareholders at this time. Shareholders are advised to monitor future execution and financial performance related to this order.
👤
Who Is Affected
All shareholders will benefit from the potential increase in the company's order book and future revenue streams as this contract is executed.
🔍
Management Signal
The management's ability to secure such a large order signals their strategic focus on expanding their shipbuilding capabilities for the offshore sector.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Notification of award execution by ONGC.
Commencement of construction and related milestones.
Subsequent financial results reporting revenue recognition.
LOW RISK
The order is from a major public sector undertaking, and terms are clearly defined with a fixed execution timeline.
💡 Investor Takeaway
Garden Reach Shipbuilders secured a Rs. 1032.07 Crore order from ONGC for four Platform Supply Vessels, to be completed within 48 months, confirming substantial future revenue.
⚖️ Strengths & Concerns
✅ Positives
- Receipt of a substantial Rs. 1032.07 Crore order for construction of four Platform Supply Vessels from ONGC.
- Project completion within 48 months from the Notification of Award date, providing a clear execution timeline.
📅 Company Track Record
Garden Reach Shipbuilders & Engineers Ltd previously identified as the lowest bidder for a 15 TON Electric Bollard Pull Tug tender on June 23, 2026, indicating ongoing success in securing new contracts.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the value of the order Garden Reach Shipbuilders received from ONGC?
Garden Reach Shipbuilders & Engineers Ltd received a Notification of Award (NOA) for a total value of ₹1032.07 Crore, including GST.
How many Platform Supply Vessels will Garden Reach Shipbuilders construct for ONGC?
The company will construct Four (4) Platform Supply Vessels (PSV) for ONGC as per the received Notification of Award.
What is the time period for the execution of the ONGC order by GRSE?
The project for the construction and delivery of the four Platform Supply Vessels is to be completed within 48 months from the date of the Notification of Award.
Is the order awarded to Garden Reach Shipbuilders by a domestic or international entity?
The order for the construction of Four (4) Platform Supply Vessels has been awarded by M/s Oil and Natural Gas Corporation Limited (ONGC), which is a domestic entity.
Questions based on this BSE filing only. For information purposes.