Mumbai, Oct. 9 -- Shares of Garden Reach Shipbuilders & Engineers added 1.06% to Rs 2,712 on the BSE.

The collaboration aims to establish a framework for joint research and development and co-development of next-generation Advanced Naval Navigation Systems. The partnership will combine Centum's expertise in high-reliability electronics, system integration, and advanced manufacturing with GRSE's shipbuilding and platform integration capabilities.

The MoU covers the design and development, manufacturing of subassemblies and components, system integration, testing, onboard trials, and support for the modernization and upgrade of existing naval systems. This initiative is aligned with Centum's strategic vision to advance up the technology v...