GRSE Share Price Surges; DPE Clears Navratna Status Proposal, Awaits for Final Nod

The Department of Public Enterprises (DPE) has reportedly cleared a proposal to grant Navratna status to Garden Reach Shipbuilders & Engineers Ltd (GRSE), according to The Economic Times reports. The proposal will now be placed before an apex committee for final approval. 

The clearance follows a review at the administrative level. A final decision is expected after the committee considers the recommendation. 

Defence Ministry Initiated the Move 

The proposal was moved last month by the Department of Defence Production, which comes under the Ministry of Defence. It was subsequently examined by an inter-ministerial committee before being cleared by the DPE. 

Navratna status is granted to central public sector enterprises (CPSEs) that meet prescribed financial criteria and performance benchmarks set by the government. 

What Navratna Status Entails 

Companies with Navratna designation can make capital investments up to defined limits without seeking prior government approval. The status also allows them to enter joint ventures and expand operations with greater operational discretion. 

At present, there are 27 Navratna CPSEs. In December 2024, Numaligarh Refinery Ltd was upgraded to Navratna status, becoming the 27th company in the category. 

The Kolkata-based company builds warships primarily for the Indian Navy and the Indian Coast Guard. It operates under the Ministry of Defence and is among the country’s defence public sector shipyards. 

Read More: Garden Reach (GRSE) Q3 FY26 Earnings Results: PAT Surges 74%, Share Price Jumps Over 5%! 

Garden Reach Shipbuilders & Engineers Share Price Performance 

As of February 20, 2026, 11:54 am, Garden Reach Shipbuilders & Engineers Ltd (GRSE) share price was trading at ₹2,479.30, a 1.26% increase from the precious close 

Conclusion 

With the DPE’s clearance completed, the proposal now awaits final consideration. The apex committee’s decision will determine whether GRSE is formally granted Navratna status. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.