GRSE shares jump 8% after signing construction contract with Bangladesh government

Shares of Garden Reach Shipbuilders & Engineers (GRSE) surged 8% to reach a new all-time high of Rs 2,268 on the BSE on Monday following the announcement of securing a contract to build an advanced ocean-going tug for the Government of Bangladesh. The project, valued at approximately $21 million, is expected to be completed within 24 months.