Ministry of Defence seals contracts worth over ₹53,000 crore to procure eight warships for Navy
The contracts were signed with Garden Reach Shipbuilders & Engineers Limited (GRSE) and Goa Shipyard Limited (GSL) for acquisition of eight Next Generation Corvettes (NGCs)
- ✓The contracts were signed with Garden Reach Shipbuilders & Engineers Limited (GRSE) and Goa Shipyard Limited (GSL) for acquisition of eight Next Generation Corvettes (NGCs)
- ✓Primary Authority: Official communique verified from The Hindu National.
- ✓Civic Domain: Categorized under governance public notices.
Under the contract, Garden Reach Shipbuilders & Engineers will construct five corvettes and Goa Shipyard Limited will construct the remaining three. Photo: PIB Photo Gallery/ ANI Photo The Defence Ministry on Monday (November 2, 2026) said it has sealed contracts worth ₹53,866 crore with two state-run shipbuilders to procure eight warships for the Indian Navy.
The contracts were signed with Garden Reach Shipbuilders & Engineers Limited (GRSE) and Goa Shipyard Limited (GSL) for acquisition of eight Next Generation Corvettes (NGCs), the Ministry said. "Under the contracts, GRSE will construct five corvettes, while GSL will construct the remaining three," it said.
"The project marks a significant milestone in India's indigenous warship design and construction capabilities, as it is the first project in which the ships will be indigenously designed by the Indian Navy and constructed by Defence Public Sector Undertakings (DPSUs) selected through a competitive process," the Ministry said in a statement.
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| Issuing Authority | The Hindu National |
|---|---|
| Topic Category | GOVERNANCE |
| Jurisdiction | All India / National |
| Publication Date | 2 November 2026 |