Garden Reach Shipbuilders Share Price Surges; Board Approves ₹2,896 Crore Greenfield Shipyard at Raichak

Garden Reach Shipbuilders & Engineers (GRSE) has approved a capital budgetary outlay of ₹2,896 crore for construction of a Greenfield shipyard at Raichak. The decision was taken at the company’s 423rd Board meeting on September 21, 2026.  

The investment is part of GRSE’s capacity expansion plans. The company had earlier disclosed on August 24, 2026, that it was planning three new facilities, including the one at Raichak.  

Shipbuilding Capacity to Increase 

According to the company’s stock exchange filing, the Raichak shipyard will be used to increase GRSE’s shipbuilding capacity for both naval and commercial segments. The filing does not give a separate cost breakup for the facility. 

GRSE has also not disclosed a construction timeline or completion date for the shipyard in the latest announcement. The ₹2,896 crore amount is the capital budgetary outlay approved by the Board for the project.  

Details of the Stock Exchange Filing 

The filing was made with the NSE and BSE on September 21, 2026. The disclosure was signed by Sandeep Mahapatra, Company Secretary, and Compliance Officer. The Raichak approval follows the company’s August disclosure on expanding capacity through three new facilities.  

Read More: Transrail Lighting Share Price Gains Over 5%; Expands Conductor Manufacturing Capacity! 

Garden Reach Shipbuilders & Engineers (GRSE) Share Price Performance  

As of September 22, 2026, 11:20 am, Garden Reach Shipbuilders & Engineers (GRSE) share price was trading at ₹2,403.50, a 1.32% increase from the previous closing price. 

Conclusion 

GRSE has approved ₹2,896 crore for its Greenfield shipyard at Raichak. The facility is planned to add shipbuilding capacity across the company’s naval and commercial segments. 

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