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Garden Reach Shipbuilders sets a revenue target of Rs.10,000 Cr for FY30

The shipbuilder has sustained its revenue growth guidance of 25% for the current FY. For the June quarter Garden Reach had posted a revenue growth of 34% Y-o-Y.
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For the FY-2030, state-run Garden Reach Shipbuilders Ltd. has planned a revenue target of ₹10,000 crore. This marks a jump of over 3 times from the ₹3,592 crore revenue that the company had reported at the end of financial year 2024. Commodore PR Hari, IN (Retd.), Chairman and Managing Director of the company says he is confident that the targets are achievable for financial year 2030.

Garden Reach currently has a slew of orders which bring its order book worth to ₹25,231 crore, 90% of which comes through the ship building segment. Within the shipbuilding segment, 85% to 90% of the order book comes from domestic shipbuilding orders, including those from the Indian Navy. In the coming six months, the company expects to bag orders worth Rs.2000 Cr which include exports as well.

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