Mumbai/IBNS, April 1 -- The share prices of Garden Reach Ship Builders & Engineers Ltd. (GRSE) soared as much as 20% on Wednesday after it reported a strong growth momentum for FY26, media reports said.

FY 2025-26 saw key milestones in naval shipbuilding, with the commissioning of five vessels during the year, including INS Himgiri, the first Project 17A Advanced Frigate, INS Ikshak, the third Survey Vessel (Large) and the first three Anti-Submarine Warfare Shallow Water Crafts (ASW-SWC)-INS Arnala, INS Androth and INS Anjadip.

Marking a significant year in execution and delivery, GRSE delivered a total of eight vessels to the Indian Navy during FY 2025-26, comprising two Project 17A (P17A) frigates, two Survey Vessel Large (SVL) ships ...