SECTOR
Garden Reach Shipbuilders signs Rs 32,000 crore contract with Indian Navy
Nov-02-2026

Garden Reach Shipbuilders & Engineers has signed a contract worth Rs 32,000 crore with The Indian Navy. The contract is for the construction of Five Next Generation Corvettes (NGCs), and is to be completed within 9 years 4 months from the date of receipt of first stage payment.

Garden Reach Shipbuilders & Engineers is a ship-building company in India under the administrative control of the Ministry of Defence (MoD) and primarily adheres to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.

  RELATED NEWS >>