Mumbai, Aug. 25 -- Shares of Garden Reach Shipbuilders & Enginers (GRSE) rose 0.20% to Rs 2,557.80 on the BSE.

According to an exchange filing, the contract is scheduled to be executed within 3 months from the date of award.

The company also clarified that there is no interest or involvement from the promoter, promoter group, or group companies in the entity awarding the contract. Additionally, the transaction does not fall under related party transactions and has been carried out on an arm's length basis.

Garden Reach Shipbuilders & Engineers is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast...