India, Nov. 2 -- The Ministry of Defence has signed contracts worth Rs. 53,866.50 crore with Garden Reach Shipbuilders & Engineers (GRSE) and Goa Shipyard Limited (GSL) for the construction of eight Next Generation Corvettes (NGCs) for the Indian Navy.
Under the agreement signed on November 2, 2026, GRSE will build five corvettes, while GSL will construct the remaining three. The contracts were signed in the presence of Defence Secretary Rajesh Kumar Singh in New Delhi.
The project marks a significant step in indigenous warship manufacturing, with the vessels to be designed by the Indian Navy and constructed by the two Defence Public Sector Undertakings (DPSUs), selected through a competitive bidding process.
The next-generation corvette...