GRSE signs ₹32,000 crore contract for five Next Generation Corvettes with Indian Navy
Garden Reach Sh. · Aerospace & Defense
What the filing says
- Contract signed on 02 November 2026 in New Delhi between GRSE and Indian Navy
- Project involves construction of five Next Generation Corvettes (NGCs) valued at ₹32,000 crore
- GRSE emerged as lowest bidder (L1) and will build 127m long warships with advanced weapons and sensors
Why it's rated major development: the amount is 426% of annual revenue (50% or more)
Figures checked against the filing by a second AI read. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Garden Reach Sh.
- Order winMajor developmentGarden Reach Shipbuilders & Engineers signs ₹32,000 Crore Indian Navy contract for 5 NGCs
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Potential multibaggers · Q2 FY27
Potential multibaggers in Aerospace & Defense
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.