GRSE Secures ₹25,000 Crore Corvette Contract, Boosting Defense Role
Garden Reach Shipbuilders & Engineers (GRSE) has emerged as the lowest bidder for a significant Rs 25,000 crore contract under the Indian Navy’s New Generation Corvette programme, strengthening its status in global defense shipbuilding. This multi-role stealth corvette project enhances India’s maritime capabilities with advanced technology for various warfare missions. GRSE has showcased impressive financial performance, including a 41% revenue increase, and is expanding its ship repair and commercial shipbuilding sectors to diversify its portfolio. With a rich history and over 110 warships delivered, GRSE is strategically positioned to lead India’s defense innovation and strengthen maritime security.
