GRSE will pay an interim dividend of Rs 63 crores to the Government for the 2022-23 financial year. from India Ship’s crew

Garden Reach Shipbuilders and Engineers Ltd. (GRSE), a Mini Ratna Category 1 defense power supply and a leading Indian warship building company, has paid its shareholders an interim dividend of Rs.63 Crores for the 2022-23 financial year.

The interim dividend check of Rs. 46.93 crore in government share was paid in New Delhi on April 10, 2023 by Cmde PR Hari, IN (retd), Chairman & Managing Director of GRSE Ltd. Kolkata, presented to the Venerable Raksha Mantri Shri Rajnath Singh Presence of Shri Giridhar Aramane, Minister of Defense, Shri T Natarajan, Additional Secretary (Defense Production), Shri RK Dash, Director (Finance), GRSE and senior officials of the Ministry of Defense and GRSE.

GRSE has declared an interim dividend of Rs. Rs. 5.50 per share for FY 22-23 versus Rs. 4.95 in FY 21-22. GRSE regularly pays dividends to shareholders and has done so every year for the past 29 years.

The company has a strong backlog of Rs 22,242.42 Crs. as of 31 Dec 22 and has recently secured another contract for Rs 3500 Cr with the Indian Navy for the construction of 04 Next Generation Offshore Patrol Vessels.

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