Latest news with #GardenReachShipbuilders&Engineers
Mint
07-07-2025
- Business
- Mint
Defence stocks plunge on profit booking; Paras Defence, GRSE, BEL, Bharat Dynamics, among top losers
Defence stocks witnessed a sharp decline on Monday amid broad-based market weakness and heavy profit booking. The Nifty India Defence index dropped 1.45%, reflecting widespread selling pressure across key constituents. Paras Defence and Space Technologies share price emerged as the top laggard, falling 7.8%. Other major losers included Garden Reach Shipbuilders & Engineers, Astra Microwave Products, Bharat Electronics, Zen Technologies, and Bharat Dynamics, each shedding between 1% and 2%. On the flip side, DCX Systems, Unimech Aerospace and Manufacturing, BEML, Cyient DLM and Hindustan Aeronautics (HAL) were the only gainers in the Nifty India Defence index.
News18
24-06-2025
- Business
- News18
Ideaforge, GRSE: Defence Stocks Dip Up To 6% As Iran-Israel Ceasefire Triggers Profit Booking
Last Updated: After a strong rally in recent sessions, shares of Indian defence companies, including GRSE and Ideaforge, declined by as much as 6.4% Defence Stocks: After a strong rally in recent sessions, shares of Indian defence companies, including Garden Reach Shipbuilders & Engineers (GRSE) and Ideaforge, declined by as much as 6.4% on Tuesday amid profit booking, following the easing of geopolitical tensions between Iran and Israel. The sell-off came after both countries confirmed a ceasefire, announced by US President Donald Trump. Leading the losses, GRSE shares dropped 6.4% to an intraday low of Rs 3,270. Paras Defence and Space Technologies also witnessed a steep fall, slipping 4.6% to Rs 1,654.45. Bharat Dynamics Ltd (BDL) shares fell 3.8% to Rs 1,856.80, while Cochin Shipyard declined 2.8% to Rs 2,167.70. Ideaforge Technology shares were down 2.3%, hitting a low of ₹617.05. Shares of Hindustan Aeronautics Ltd (HAL) declined 2.2% to Rs 4,912.10. Mazagon Dock Shipbuilders also slipped 2.2% to Rs 3,267.80. Meanwhile, Bharat Electronics Ltd (BEL) remained comparatively resilient, dipping just 0.9% to Rs 417.10 at its day's low. The correction in defence stocks followed a period of strong gains amid heightened tensions in the Middle East. However, with US President Trump's early Tuesday announcement of a ceasefire between Israel and Iran, profit booking kicked in across the sector. The ceasefire came after President Trump authorised airstrikes over the weekend on three major Iranian nuclear facilities, escalating conflict in the region. In response, Iranian state media reported a missile attack on a US base in Qatar, with a retaliation that matched the number of bombs dropped by the US—signalling a 'bomb-for-bomb" stance. First Published:
Economic Times
24-06-2025
- Business
- Economic Times
Ideaforge, GRSE among other defence stocks slide up to 6% amid profit booking as Iran, Israel announce ceasefire
After an impressive surge in the past few trading sessions, shares of defence companies like Garden Reach Shipbuilders & Engineers (GRSE) and Ideaforge, among others, tanked up to 6.4% on Tuesday on the back of profit booking after Iran and Israel war tensions eased. Both countries confirmed a truce following US President Donald Trump's announcement of a ceasefire. ADVERTISEMENT Garden Reach Shipbuilders & Engineers (GRSE) shares led the fall, touching an intraday low of Rs 3,270, down 6.4% from the previous close. Paras Defence and Space Technologies shares also saw a sharp dip, hitting Rs 1,654.45, a fall of 4.6%. Bharat Dynamics Ltd (BDL) shares dropped to Rs 1,856.80, marking a decline of 3.8%, while Cochin Shipyard shares slipped 2.8% to a low of Rs 2,167.70. The Ideaforge Technology stock touched Rs 617.05, down 2.3%, and the shares of Hindustan Aeronautics Ltd (HAL) fell 2.2% to Rs 4,912.10. Mazagon Dock Shipbuilders shares also edged lower by 2.2%, reaching Rs 3,267.80. Meanwhile, Bharat Electronics Ltd (BEL) stock was relatively resilient, with its day's low at Rs 417.10, reflecting a marginal decline of 0.9%. Defence stocks in India experienced some profit booking from elevated levels following an announcement by US President Donald Trump regarding a ceasefire between Israel and Iran, made in the early hours of Tuesday, June 24. Also read: BPCL, HPCL and other OMC stocks rally up to 5% as crude falls below $70/bbl ADVERTISEMENT Over the weekend, President Donald Trump authorised air strikes on three Iranian nuclear sites, sharply escalating regional tensions. In retaliation, Iranian state media reported a missile attack on a U.S. base in Qatar, mirroring the number of bombs dropped by the U.S. and signalling a "bomb-for-bomb" approach.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
India.com
19-06-2025
- General
- India.com
India's ‘INS Arnala' scares Pakistan! 1490 tons, 77-meter-long, largest Indian naval warship built by…, cost Rs…
The Indian Navy has inducted the anti-submarine warfare vessel INS Arnala, it is made for surveillance and rescue operations in shallow waters. It is built by Garden Reach Shipbuilders & Engineers (GRSE), Kolkata. The 77-meter-long warship is crafted with over 80% indigenous materials. It is named after the historic Arnala Fort in Maharashtra. India's Maritime Power The induction of INS Arnala has lifted India's naval capabilities. It is the first ship in the series of shallow-water anti-submarine warfare vessels. Arnala is designed for underwater surveillance, search-and-rescue missions, and low-intensity maritime operations. It weighs over 1,490 tons, is the largest Indian naval warship with a diesel engine-waterjet combination. It is built by GRSE in collaboration with L&T Shipbuilders. Its components were supplied by different Indian defense companies and over 55 micro, small, and medium enterprises (MSMEs) like Bharat Electronics Limited (BEL), L&T, Mahindra Defense, and MEIL. GRSE Major Project GRSE, in partnership with another shipbuilding company, is constructing eight ships each under this project. INS Arnala is part of a program to build 16 anti-submarine warfare shallow-water craft (ASW-SWC) at a total cost of Rs 12,622 crore and the cost of each vessel is Rs 789 crore. The ship's name is given to the historic Arnala Fort, located in Vasai, Maharashtra. Built in 1737 under the leadership of Chimaji Appa of the Maratha Empire, the fort was constructed to monitor the mouth of the Vaitarna River and also to be a safeguard near the northern Konkan coast. What Is GRSE? Garden Reach Shipbuilders & Engineers (GRSE), based in Kolkata, is a shipbuilding company in India and a public sector undertaking (PSU) under the Ministry of Defense. GRSE mainly constructs warships and other vessels for the Indian Navy and Coast Guard and also exports ships as well.
India Today
17-06-2025
- India Today
First of 16 indigenous anti-submarine ships 'Arnala' to join Navy on June 18
The Indian Navy is set to significantly bolster its coastal defence capabilities with the induction of 16 indigenously designed and built Anti-Submarine Warfare Shallow Water Craft (ASW-SWC) class of ships. The first ship, Arnala, was delivered on May 8 and is scheduled to be commissioned into the Navy on June 18. These vessels represent a significant addition to India's maritime security capability and underscore the success of the "Aatmanirbhar Bharat" (Self-Reliant India) initiative in the defence by Garden Reach Shipbuilders & Engineers (GRSE) and Cochin Shipyard Limited (CSL), these ships would replace the ageing Abhay-class corvettes. With over 80 indigenous technologies in place, these ships reflect India's growing self-reliance in shipbuilding and defence technology. Indigenous shipbuilding not only strengthens the domestic defence industry but also reduces dependence on foreign suppliers, ensuring India's strategic autonomy and supporting uninterrupted maintenance and primary role of these ASW-SWC ships is to detect, track and prosecute enemy submarines, particularly in coastal and shallow water regions. Equipped with advanced underwater sensors such as the Hull-Mounted Sonar Abhay, Underwater Acoustic Communication System (UWACS) and Low-Frequency Variable Depth Sonar (LFVDS), these vessels are capable of comprehensive underwater surveillance. These ships feature a state-of-the-art weapon suite, including lightweight torpedoes, ASW rockets, Anti-Torpedo Decoys and advanced mine-laying capabilities to neutralise underwater threats. The integration of sensors and weapons into the Combat Management System (CMS) and an Integrated ASW Complex (IAC) further enhances their combat induction of the 16 ASW-SWCs would have a profound impact on the Indian Navy's operational capabilities. These ships would facilitate continuous and effective protection of India's vast coastline and critical offshore assets from submarine threats, enabling the Indian Navy to counter the growing subsurface threat in the Indian Ocean Region, thereby contributing to regional stability. These ships also possess the capability of operating in shallow waters, making them ideal for tasks close to the shore, including patrolling, surveillance and humanitarian success of the ASW SWC project reinforces India's commitment to 'Aatmanirbhar Bharat' in defence by demonstrating that India possesses the design, manufacturing, and technological prowess to build complex warships with advanced indigenous systems. The commissioning of Arnala will provide a fillip to indigenous defence projects, progressively reducing dependence on foreign arms imports and strengthening India's strategic autonomy on the global induction of Arnala, the first of 16 indigenous ASW-SWC ships, marks a pivotal moment for the Indian Navy. It is set to transform the Navy's anti-submarine warfare posture, strengthen coastal defence and solidify India's position as a capable and self-reliant maritime power in the Indian Ocean InMust Watch
