Garden Reach Shipbuilders & Engineers has recently signed Memorandums of Understanding with Merlinhawk Aerospace Private Limited and Kerala State Electronics Development Corporation Limited. The partnership with Merlinhawk Aerospace focuses on developing composite doors, counter UAV solutions, composite masts for Indian Navy ships, and hydrogen fuel cells-based power generation for maritime applications. Another MoU with KELTRON aims to collaborate on futuristic technologies for underwater surveillance. The financial impact of these agreements is yet to be determined. Additionally, the company's shares saw a 3% increase following an order worth ₹840 crore for an ocean research vessel. Garden Reach Shipbuilders is also a leading contender for a significant ₹70,000 crore order for warships for the Indian Navy. This aligns with the Defense Ministry's initiative to enhance the country's naval capabilities. The company's share price rose by 4.85% to ₹2,574.45 in early trading. These developments highlight Garden Reach Shipbuilders' commitment to technological advancements and strategic partnerships within the defense industry.