Defence Ministry signs ₹53,866-crore contracts for eight Indian Navy warships

SENSEX 75,266.64

+ 807.11

NIFTY 23,291.45

+ 238.35

CRUDEOIL 9,560.00

 -377.00

GOLD 138,815.00

+ 330.00

SILVER 182,376.00

+ 3,244.00

SENSEX 75,266.64

+ 807.11

NIFTY 23,291.45

+ 238.35

NIFTY 23,291.45

+ 238.35

CRUDEOIL 9,560.00

 -377.00

CRUDEOIL 9,560.00

 -377.00

GOLD 138,815.00

+ 330.00

'; } document.getElementById("lgdv").innerHTML = htmlElements; } function numberformat(i) { return Number(parseFloat(i).toFixed(2)).toLocaleString('en', { minimumFractionDigits: 2 }) } async function gatherResponse(response) { const { headers } = response; const contentType = headers.get('content-type') || ''; if (contentType.includes('application/json')) { return await response.json() } return response.text(); } function getWidth() { if (Math.max(document.body.scrollWidth,document.documentElement.scrollWidth,document.body.offsetWidth,document.documentElement.offsetWidth,document.documentElement.clientWidth) > 991) { document.getElementById("mob").style.display = "none"; document.getElementById("lgdv").style.display = "block"; } else { document.getElementById("mob").style.display = "block"; document.getElementById("lgdv").style.display = "none"; } } getWidth(); THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.

The contracts mark a milestone in indigenous warship construction, with the Navy designing the vessels and two public sector shipyards building them.

By PTI

Updated - November 02, 2026 at 01:07 PM. | New Delhi

FILE PHOTO: The Indian Navy will acquire eight Next Generation Corvettes under ₹53,866-crore contracts signed with GRSE and Goa Shipyard.

The defence ministry on Monday said it has sealed contracts worth Rs 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.

Published on November 2, 2026

THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.Sign into Unlock benefits!

• Access 10 free stories per month
• Get notified by email for early preview to new features, discounts & offers