GRSE shares rise over 2% after signing MoU with Bharat Forge arm. Here’s everything you need to know

GRSE share price: Garden Reach Shipbuilders & Engineers rose 2.3% after it signed an MoU with Kalyani Strategic Systems, a Bharat Forge subsidiary, to jointly develop indigenous naval and maritime defence technologies. The collaboration will focus on ship propulsion systems, unmanned platforms and advanced maritime solutions for domestic and global markets, supporting India’s defence indigenisation efforts.