GRSE's chairperson Commodore (Retired) PR Hari told the media that the company's order book position as on 30 June stood at Rs 24,546 crore. It expects to complete the order book by 2027.

The alpha project alone is projected to generate a revenue of around Rs 13,700 crore, with peak revenue expected in 2024, 2025, and 2026. Additionally, GRSE is aggressively bidding for two coast guard projects worth approximately Rs 3,000-4,000 crore. Projects for 14 fast patrol vessels and five oceangoing patrol vessels are also in the pipeline. The company has submitted bids for a project with the National Centre for Polar and Ocean Research and plans to participate in the corvettes project.

Shares of GRSE have risen 23% in two consecutive sessions, supported by robust Q1 earnings on 11 August 2023. The company's net profit jumped 52.81% to Rs 76.68 crore on 30.38% increase in net sales to Rs 755.90 crore in Q1 June 2023 over Q1 June 2022. Profit before tax rose by 58.7% year on year to Rs 101.94 crore in the quarter ended 30 June 2023.

State-run GRSE is engaged in building warships and other vessels for the Indian Navy and Indian Coast Guard. It has also diversified into engineering business with a product profile of pre-fabricated steel bridges, various deck machinery items and assembly, as well as testing & overhauling of marine diesel engines. The Government of India holds 74.50% in the company.