Kolkata-based Garden Reach Shipbuilders and Engineers (GRSE) Ltd. has emerged as the lowest bidder for the construction of Next Generation Corvettes (NGC) for the Indian Navy, the defence shipyard announced.
“The shipyard participated in the competitive bidding process and has emerged as lowest bidder. GRSE will thus be awarded the contract to build five NGCs at an estimated cost of approximately ₹25,000 crore,” GRSE said in a statement on Thursday (May 23, 2025). These Next-Generation Corvettes shall be capable of fulfilling the roles of Offensive Surface to Surface missile attack, anti-missile defence, surface action groups for maritime strikes, Anti-Submarine Warfare (ASW) and many other maritime operations, it stated.
The warship will also incorporate green warship design features, energy efficient and environment friendly technologies, the shipyard said.
GRSE is already building four Next Generation Offshore Patrol Vessels for the Navy, apart from three advanced guided missile frigates, eight ASW shallow water crafts of which one has already been delivered to the Navy and four Survey Vessels (Large) of which two have been delivered.
Ocean-Going Tug for Bangladesh stands cancelled: GRSE
Meanwhile, an order for an Ocean-Going Tug for Bangladesh stands cancelled based on mutual discussions between GRSE and the Customer, GRSE said. “This order though would not have impact on GRSE’s finances as the order is worth only US$ 21 million (approximately ₹179.75 crore) and would have contributed a mere 0.8% to GRSE’s existing order book of ₹22,680.75 crore as on March 31, 2025.”
GRSE has delivered 111 warships both within India and to friendly foreign nations, including six Missile Corvettes, Khukri and Kora Class, and four Kamorta-class ASW Corvettes.
Published – May 23, 2025 11:51 am IST
