"Garden Reach Shipbuilders & Engineers Ltd Emerges as L1 Bidder for DRDO Research Vessel Construction"

Garden Reach Shipbuilders & Engineers Limited has emerged as the Lowest Bidder (L1) for the construction of a Research Vessel intended for the Defence Research and Development Organisation (DRDO). The potential order value is estimated to be around Rs. 500 crores.

Although the company has secured the L1 position, the contract is currently in the negotiation phase and has not been finalized yet. This development marks a significant step forward for Garden Reach Shipbuilders & Engineers Ltd, positioning them favorably for the prestigious project with DRDO.

If the negotiations proceed successfully and the contract is signed, it will further bolster the company's position in the defense sector and contribute to its ongoing growth trajectory.

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