Garden Reach Shipbuilders & Engineers: GRSE Became L1 To Build Research Vessel For DRDO - Reg 30

In terms of Regulation 30 and other applicable provisions of the SEBI (LODR) Regulations 2015 we wish to inform you that the Company has become Lowest Bidder (L1) for Construction of Research Vessel for Defence Research and Development Organisation (DRDO). The order value is likely to be Rs. 500 crores approx. The contract is currently under negotiation and has not yet been signed.