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The company has signed MoUs with Aerospace Engineers, Central Institute of Fisheries Technology, Dynatron, Keltron, Krasny Marine, Naval Group France, Rekise Marine, Rolls-Royce Solutions GmbH and Tunga Aerospace Industries.
The company entered into these MoUs at the Aero India 2023 event, for segments such as ship repair, commercial shipbuilding, ship-based drones, autonomous underwater vehicles and allied systems.
GRSE is a premier shipyard of India, under the administrative control of the Ministry of Defence, Government of India. It builds warships for the Indian Navy & Indian Coast Guard. As on 31 December 2022, the Government of India held 74.50% stake in the company.
The company's net profit rose 1.5% to Rs 63.92 crore on 43.6% jump in revenue from operations to Rs 699.15 crore in Q3 FY23 over Q3 FY22.
The scrip advanced 0.85% to Rs 449.30 on the BSE.
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