Stocks to watch, Nov 3: GRSE, Dr Reddy's, Lupin, NBCC, HPCL and others bag major orders, approvals
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Several companies announced major business developments on November 3.
- ✓Garden Reach Shipbuilders & Engineers Ltd.
- ✓signed a Rs 32,000 crore contract with the Indian Navy.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
From GRSE's ₹32,000-crore Indian Navy contract and USFDA approvals for pharma companies to fresh infrastructure, AI automation and laptop supply orders, several companies announced significant business developments
Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has signed a contract worth about Rs 32,000 crore with the Indian Navy to build five Next Generation Corvettes (NGCs), marking a major milestone in India's indigenous warship-building programme. GRSE had emerged as the lowest bidder (L1) for the prestigious project. The company is currently building nine warships, including an advanced guided-missile frigate under Project 17A, four Anti-Submarine Warfare Shallow Water Craft (ASW-SWCs) and four Next Generation Offshore Patrol Vessels.
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