GRSE, HSL ink MoU for national shipbuilding program, Q3 profit jumps 74%

• GRSE and Hindustan Shipyard Ltd (HSL) signed an MoU to form a consortium for a large-scale national shipbuilding program.
• The partnership aims to construct advanced maritime platforms, enhancing India's maritime infrastructure and technological self-reliance.
• The MoU was signed by Cdr Shantanu Bose (GRSE) and Capt Ganti Venkateswarlu (HSL) on February 9.
• GRSE reported a 73.9% year-on-year jump in Q3 net profit to ₹170.7 crore, driven by strong order book execution.
• Revenue from operations surged 49% to ₹1,895 crore, and EBITDA more than doubled to ₹172.1 crore.