{
  "id": 17791453,
  "title": "GRSE Bags ₹32,000 Crore Indian Navy Contract, To Build Five Next Generation Corvettes With Advanced Missile Systems",
  "url": "https://urgent.news/2026/11/02/grse-bags-32-000-crore-indian-navy-contract-to-build-five-next",
  "topic": "world",
  "section": "World",
  "published": "2026-11-02T11:43:35.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/grse-bags-32000-crore-indian-navy-contract-to-build-five-next-generation-corvettes-with-advanced-missile-systems"
  },
  "original_language": "en",
  "account": "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).\n\nThe 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.\n\nEach 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.\n\nThe 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.",
  "summary": "Mumbai: Garden Reach Shipbuilders and Engineers Ltd (GRSE) has secured a major defence contract worth approximately ₹32,000 crore from the Indian Navy for the construction of five Next Generation Corvettes (NGCs). The agreement was signed in New Delhi on Monday, November 2, 2026, marking a significant development for the state-owned defence shipbuilding company. Contract Details According to the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindustan Times",
        "title": "Defence ministry signs ₹53,867 crore deals for 8 next-generation Navy corvettes",
        "url": "https://urgent.news/2026/11/02/defence-ministry-signs-53-867-crore-deals-for-8-next-generation-navy",
        "published": "2026-11-02T07:23:56.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}