MoU14 Nov 2025, 05:51 pm
GRSE Signs MoU with Andhra Pradesh Maritime Board for Mutual Cooperation
AI Summary
Garden Reach Shipbuilders & Engineers Ltd (GRSE) has entered into a Memorandum of Understanding (MoU) with Andhra Pradesh Maritime Board, Govt. of Andhra Pradesh. The MoU is non-binding and aims to facilitate the setting up of a Green Field Shipyard in the state of Andhra Pradesh. This is in line with the regulations 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- GRSE has signed a MoU with Andhra Pradesh Maritime Board for mutual cooperation.
- The MoU aims to facilitate the setting up of a Green Field Shipyard in Andhra Pradesh.
- The MoU is non-binding in nature.
- This move aligns with the regulations 30 and other applicable provisions of the SEBI (LODR) Reg, 2015.