NewzVille Desk
The Ministry of Defence has signed Rs 53,866.50 crore contracts with Garden Reach Shipbuilders & Engineers Limited (GRSE) and Goa Shipyard Limited (GSL) for the acquisition of eight Next Generation Corvettes (NGCs) for the Indian Navy. The contracts were inked in the presence of Defence Secretary Shri Rajesh Kumar Singh at Kartavya Bhawan-2, New Delhi on November 02, 2026.
Under the contracts, GRSE will construct five corvettes, while GSL will construct the remaining three.
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.
