April 2, 2024
admin
Garden Reach Shipbuilders reports 33% growth in sales
State-run Garden Reach Shipbuilders Ltd. reported a year-on-year growth of 33% in its annual revenue to nearly Rs.3,400 crore for financial year 2024. This is also the highest ever topline reported by the company in its history.
Among milestones achieved during the year, Garden Reach highlighted the commissioning of the MV ‘Ma Lisha,’ for the Cooperative Republic of Guyana as one of the significant achievements.
The company also delivered the first Survey Vessel, the INS Sandhayak, and the next generation electric ferry to the West Bengal government,
Garden Reach has also signed an MoU with the Border Roads Organisation (BRO) for the fabrication, supply, erection and launching of an additional 30 double-lane Class 70 modular steel bridges in border areas.
Its share has risen 71% over the last 12 months.
