PoliticsPhoto: The HinduDefence Ministry Signs ₹53,866 Crore Contracts for Eight Navy Warships
On November 2, 2026, India's Defence Ministry signed contracts worth ₹53,866 crore with Garden Reach Shipbuilders & Engineers Limited and Goa Shipyard Limited to build eight Next Generation Corvettes for the Indian Navy. GRSE will build five corvettes, and GSL will build three. This marks a milestone as the ships will be indigenously designed by the Navy and constructed by DPSUs through a competitive process.
The Hindu··New Delhi




