India, June 20 -- Garden Reach Shipbuilders and Engineers (GRSE) Ltd was accorded Navratna status by the Department of Public Enterprises, Ministry of Finance, Government of India, on Friday, June 19, 2026, signifying a monumental milestone in the shipyard's journey.

The prestigious recognition has been conferred in acknowledgment of GRSE's consistent financial and operational performance over the years.

The shipyard's financial performance over the past five years reflects a strong growth trajectory and operational excellence. Revenue from Operations increased from Rs.1,754 crore in FY 2021-22 to Rs.7,002 crore in FY 2025-26, registering a growth of nearly 300 percent. During the same period, Profit After Tax (PAT) rose from Rs.190 cro...