GRSE ended nearly 2% higher after it signed multiple international MoUs to build vessels, boost exports, and move beyond defence.
The deals:
1. With Carsten Rehder (Germany):
- To build 4 multi-purpose cargo vessels
- Ships to include hybrid propulsion and cybersecurity-ready features
2. With Aries Marine (Dubai):
- MoU to co-design offshore vessels and platforms
- Aries will provide the designs, GRSE will build them in India
Why it matters: GRSE is making a clear pivot from pure defence to a more diversified global shipbuilder. These partnerships will help the company access new revenue streams and compete in commercial and offshore marine markets where demand is rising for advanced, energy-efficient vessels.
