Centum Electronics Secures Rs. 29 Crore Order from GRSE
Filing Summary
Centum Electronics Limited has secured an order valued at Rs. 29.40 crores from Garden Reach Shipbuilders & Engineers Limited (GRSE) for the supply of Advanced Naval Navigation Systems. This order, announced on January 20, 2026, is part of a previously signed Memorandum of Understanding between the two companies. The contract is set for execution by February 2028. The order is domestic and does not involve any related party transactions. Centum Electronics continues to expand its offerings in the defense sector with this significant contract.
Centum Electronics Limited has announced the receipt of an order from Garden Reach Shipbuilders & Engineers Limited (GRSE) for the supply of Advanced Naval Navigation Systems. The order is valued at Rs. 29.40 crores, excluding taxes. This development follows a Memorandum of Understanding signed between the two entities on October 8, 2025. The order is scheduled for execution by February 2028.
The contract with GRSE is domestic in nature and does not involve any related party transactions. The order does not include any interest from the promoter or promoter group of Centum Electronics. The company has confirmed that the transaction is conducted at arm’s length.
Details of the order were disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and are further elaborated in Annexure-A of the filing. The order represents a significant addition to Centum’s portfolio in the defense maritime domain.
Garden Reach Shipbuilders & Engineers Limited is a prominent shipbuilding company in India, known for its expertise in constructing naval and commercial vessels. The company plays a vital role in India’s defense manufacturing sector, focusing on delivering advanced maritime solutions.
Centum Electronics Limited specializes in the design and manufacture of advanced electronics systems. The company focuses on expanding its presence in the defense sector by providing mission-critical technologies. Centum aims to enhance its offerings in the defense maritime domain through strategic collaborations and contracts.