Ministry of Defence seals contracts worth over ₹53,000 crore to procure eight warships for Navy
The Indian Ministry of Defence has signed contracts worth over ₹53,000 crore with two state-run shipbuilders to construct eight Next Generation Corvettes for the Navy. This project is a major step toward indigenous warship design and manufacturing.
Why it matters
This represents a significant investment in India's defense self-reliance and naval modernization efforts.
New Delhi The Defence Ministry on Monday (November 2, 2026) said it has sealed contracts worth ₹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.
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