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GRSE Engages in Rs 53,866.50 Crore Contract for Indian Navy Warship Construction.

Nov 03, 2026

Contract Type

contract

MumbaiConstructionGovernment

Description

On November 2, 2026, the Defence Ministry signed a significant contract worth Rs 53,866.50 crore with GRSE to build five advanced corvettes for the Indian Navy. This development reinforces India's emphasis on bolstering domestic shipbuilding capabilities and further enhances the operational readiness of the Navy.

Company Information

Company

Garden Reach Shipbuilders and Engineers (GRSE) Ltd

Location

Mumbai, Maharashtra, India

About

Garden Reach Shipbuilders and Engineers (GRSE) Ltd is a Navratna Defence Public Sector Undertaking under the Ministry of Defence, Government of India. Based in Kolkata, GRSE is one of India’s leading shipbuilders. It has built a wide range of warships, survey vessels, and specialized platforms for the Indian Navy, Coast Guard, and other organizations. The shipyard is also expanding its presence in specialized vessel construction and exports to strengthen India’s indigenous shipbuilding capabilities.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.