News ArticleGarden Reach Shipbuilders Secures ₹32,000 Crore Contract to Build Five Next Generation Corvettes for Indian Navy
Contract signed in New Delhi marks a significant advancement in India’s indigenous warship construction and defence manufacturing capabilities
Garden Reach Shipbuilders & Engineers Ltd (GRSE) signed a ₹32,000 crore contract with the Indian Navy to build five Next Generation Corvettes, enhancing India's indigenous warship-building capabilities. The vessels will feature advanced combat systems and propulsion for multi-role maritime operations.
Garden Reach Shipbuilders & Engineers Limited
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Garden Reach Shipbuilders & Engineers Limited (GRSE) has finalized a ₹32,000 crore contract with the Indian Navy to construct five Next Generation Corvettes, advancing India's domestic warship-building program.
The contract was signed on November 2, 2026, in New Delhi, witnessed by senior officials from the Ministry of Defence, Indian Navy, and GRSE.
Each corvette will be 127 metres long with a beam of 17.6 metres and a deadweight tonnage of 4,950 tonnes, capable of operating for 14 days at sea without replenishment and achieving speeds up to 26 knots.
The warships will feature advanced Combined Diesel and Gas Turbine Cross-Connect propulsion driving two Controllable Pitch Propellers, supporting versatile frontline missions.
Designed for multi-role operations, the vessels will perform offensive ship-to-ship and ship-to-surface missile attacks, anti-missile defence, anti-submarine warfare, escort duties, and maritime interdiction including Visit, Board, Search and Seizure (VBSS).
Armament includes Medium Range Anti-Ship Missiles, Medium Range Surface-to-Air Missiles (MRSAM), 324 mm torpedo tubes, an OTO Melara 76 mm Super Rapid Gun Mount with latest upgrades, AK-630 Close-In Weapon System, and 12.7 mm Stabilised Remote-Controlled Guns integrated with Electro-Optic Fire Control Systems (EOFCS). The sensor suite includes Electro-Optical Infrared Search and Track systems and Multi-Function Surveillance, Track and Guidance Radar (MFSTAR). The corvettes will also support helicopter operations to enhance flexibility.
Highlights
- ₹32,000 crore contract signed on November 2, 2026, for five Next Generation Corvettes.
- Vessels designed for 14-day endurance at sea and top speed of 26 knots.
- Advanced CODAG-CC propulsion and sophisticated weapons including MRSAM and torpedo tubes.
- Multi-role capabilities covering surface, air, and anti-submarine warfare along with maritime interdiction operations.
- Enhances GRSE’s position as a leading indigenous warship builder with experience delivering 118 warships till date.
Key Data Snapshot
What happened
- GRSE signed a contract with the Indian Navy for five Next Generation Corvettes valued at ₹32,000 crore.
- The event took place on November 2, 2026, in New Delhi with attendance from senior defence and naval officials.
- This contract follows GRSE’s selection as the lowest bidder (L1) for the project.
Key details
- Corvettes will be 127 metres in length, 17.6 metres in beam, and have a deadweight of 4,950 tonnes.
- Each vessel can remain at sea for 14 days without refueling and sail at speeds up to 26 knots.
- Designed to house 11 officers and 139 sailors, meeting naval classification standards.
- Powered by a Combined Diesel and Gas turbine – Cross Connect (CODAG-CC) propulsion system driving two Controllable Pitch Propellers.
- Equipped with Medium Range Anti-Ship and Surface-to-Air missiles, 324 mm torpedo tubes, and advanced gun systems including the OTO Melara 76 mm SRGM and AK-630 CIWS.
Strategic context
- The contract boosts India's indigenous warship-building capacity and aligns with the Aatmanirbhar Bharat defence manufacturing vision.
- GRSE, a Navratna PSU under the Ministry of Defence, has a legacy of building 118 warships for Indian and friendly foreign navies.
- These corvettes enhance India's maritime defence capabilities across multiple operational domains.
Highlights
- ₹32,000 crore contract signed on November 2, 2026, for five Next Generation Corvettes.
- Vessels designed for 14-day endurance at sea and top speed of 26 knots.
- Advanced CODAG-CC propulsion and sophisticated weapons including MRSAM and torpedo tubes.
- Multi-role capabilities covering surface, air, and anti-submarine warfare along with maritime interdiction operations.
- Enhances GRSE’s position as a leading indigenous warship builder with experience delivering 118 warships till date.
Disclosures
- Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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