GRSE Bags ₹32,000 Crore Indian Navy Contract, To Build Five Next Generation Corvettes With Advanced Missile Systems

In a major milestone for the state-owned defence shipbuilder, Garden Reach Shipbuilders and Engineers Ltd (GRSE) has secured an Indian Navy contract worth approximately ₹32,000 crore. The agreement, signed on November 2, 2026, in New Delhi, is for the construction of five Next Generation Corvettes (NGCs).

The contract signing ceremony featured representatives from the Ministry of Defence, GRSE, Defence Secretary Rajesh Kumar Singh, and Chief of Naval Staff Admiral Dinesh K Tripathi. The NGCs are designed to meet India's operational requirements, boasting advanced capabilities and modern firepower.

Each of the five warships will be approximately 127 metres in length and 17.6 metres wide, with a deadweight tonnage of 4,950 tonnes. They are expected to reach a maximum speed of 26 knots and maintain an endurance of 14 days at sea. Accommodating 150 personnel, including 11 officers and 139 sailors, these warships are equipped with a Combined Diesel and Gas Turbine-Cross-Connect propulsion system.

The NGCs will be armed with an array of advanced weapon systems, including Medium Range Anti-Ship Missiles, Medium Range Surface-to-Air Missiles, torpedo tubes, an OTO Melara 76 mm naval gun, Close-In Weapon Systems (CIWS), and SRCGs. This combination of firepower and propulsion technology positions the NGCs as formidable additions to the Indian Navy's arsenal.