GRSE shares surge 7% on signing MoU with Bharat Forge’s arm for indigenous military innovations

This comes as the PSU signed a Memorandum of Understanding (MoU) with Bharat Forge’s subsidiary Kalyani Strategic Systems Limited (KSSL).

At around 1:27 pm, the stock was trading 5.27% higher at ₹2,536 per equity share.

The scrip has gained more than 4% in the past week and 6% over the month. On a year-to-date basis, it has advanced 4%.

While the share hit a 52-week high of ₹3,538.40 on June 23, 2025, it touched a year’s low of ₹1,257.20 per unit on March 5, 2025.

GRSE signs MoU

In a regulatory filing dated March 5, the company stated it signed an MoU with KSSL on Thursday to collaboratively develop and promote indigenous solutions for advanced naval systems, unmanned platforms, and other strategic maritime capabilities for domestic and global markets.

GRSE highlighted that it has ascertained no financial implications regarding the MoU at the moment.

Under the partnership, the companies envision joint efforts to deliver indigenous solutions across a broad spectrum of maritime and defence systems.

It added that the broad spectrum includes ship propulsion and mechanical systems for both naval and commercial vessels, integrated platform management systems, steering and stabilizer assemblies, and deck equipment.

It will also include unmanned platforms, comprising Unmanned Surface Vessels (USVs) and Autonomous Underwater Vehicles (AUVs).

The Miniratna firm stated that the partnership will also seek to identify and pursue opportunities within India and in other mutually agreed international markets.

The partnership, as per the statement, is expected to combine GRSE’s “extensive expertise in shipbuilding and maritime engineering” with KSSL’s “capabilities as a leading defence OEM in the design and manufacture of advanced defence platforms and systems.”

GRSE has a total market capitalisation of ₹28,938.13 crore, as of March 6, 2026, according to data on the NSE.