Garden Reach Shipbuilders and Engineers and Apollo Micro Systems Signed MoU

Established in 1884 and headquartered in Kolkata, West Bengal, GRSE boasts a rich legacy of excellence in designing and constructing warships and specialised vessels for the Indian Navy, Coast Guard, and other maritime stakeholders.

GRSE signed MoU with AMS

Garden Reach Shipbuilders & Engineers Ltd (GRSE), a distinguished shipbuilding enterprise and one of India’s premier Defence Public Sector Undertakings (DPSUs), has signed a landmark Memorandum of Understanding (MoU) with Hyderabad-based Apollo Micro Systems Ltd (AMS) on January 29, 2025 in Kolkata.

The Memorandum of Understanding (MoU) was signed to establish a collaboration for the joint development and supply of Advanced Weapons and Electronic Systems. 

About Apollo Micro Systems Ltd (AMS)

AMS, renowned for its expertise in developing customised electronic hardware and software solutions for mission-critical applications, has an impressive clientele, including Bharat Electronics Ltd and other key players in the aerospace, defence, and homeland security sectors.

Key Highlights of the MoU

The agreement was formalised by Commander Shantanu Bose (IN Retd), Director (Shipbuilding) at GRSE, and Mr Karunakar Reddy Baddam, Managing Director of AMS Ltd, in the esteemed presence of Commodore P R Hari (IN Retd), Chairman and Managing Director of GRSE, and Subrato Ghosh, DIG (ICG Retd), alongside other senior officials.

Strengthening Indigenous Defence Capabilities

GRSE has made significant strides in advanced maritime technologies. The company recently delivered Jaldoot, an Autonomous Surface Vessel (ASV), to the Defence Research and Development Organisation (DRDO) and is set to deliver an Autonomous Underwater Vehicle (AUV) shortly. Additionally, GRSE has forayed into the production of Naval Surface Guns, with the Indian Navy placing orders for ten systems.

Share Price Performance 

On January 30, 2025, at 9:30 AM, Garden Reach Shipbuilders & Engineers Ltd shares traded at ₹1,537.95 per share on the NSE.

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