GRSE shares surge on record FY26 performance. The defence PSU's stock hit the 20% upper circuit limit after reporting its highest-ever annual turnover of Rs 6,400 crore, marking a 26% year-on-year increase from Rs 5,076 crore. The shipyard delivered eight vessels to the Indian Navy in a single fiscal year, including two Project 17A frigates and four Anti-Submarine Warfare crafts. Management highlighted advanced negotiations for a prestigious Next Generation Corvettes contract and significant progress on 12 export vessels for a German client. GRSE has diversified beyond naval construction into commercial vessels, hybrid ferries, and specialized research ships. The company also achieved a first for India's defence sector by launching an indigenous modular foot suspension bridge.
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