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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Garden Reach Shipbuilders & Engineers Ltd

Garden Reach Shipbuilders signs ₹32,000 Crore contract for 5 Next Generation Corvettes

ORDERS ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 02 Nov 2026, 05:27 PM IST  ·  BSE ID: b164bcaa-377e-4cb6-a883-8adc9440830c
View Original BSE Filing (PDF)
💡
In Simple Terms
The company received a major contract from the Indian Navy to build five advanced warships valued at Rs. 32,000 Crore.
🤖 AI Summary
  • GRSE signed a ₹32,000 Crore contract with the Indian Navy for 5 Next Generation Corvettes.
  • The contract for the construction and delivery of these vessels was signed on November 02, 2026.
  • Project execution is scheduled to be completed within 09 years 04 months from first stage payment.
  • This is a domestic order awarded by the Indian Navy, a key client for GRSE.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Contract Value
₹32,000 Crore
Number of Corvettes
Five (05)
Execution Period
09 years 04 months
🏢 How This Affects the Company
📈
Business Impact
This contract significantly expands GRSE's order pipeline and reinforces its position as a key naval shipbuilding supplier for India. The scale of this order is substantial.
💰
Financial Impact
The ₹32,000 Crore order will provide long-term revenue visibility and will be recognized over the execution period. It is expected to positively impact future financial statements upon recognition.
⚙️
Operational Impact
The execution of this contract will require sustained operational capacity and potentially necessitate expansion or optimization of shipbuilding facilities and workforce.
⚠️
Risk Impact
The long-term nature of the project introduces execution risks inherent in large defense contracts, including cost overruns and delivery timelines. However, the client is the Indian Navy, a stable entity.
👥 What This Means For Shareholders
✅
Action Required
No action is required by shareholders. This is an informational disclosure regarding a significant contract.
👤
Who Is Affected
All shareholders are affected by this contract award, as it impacts the company's long-term business pipeline and future revenue generation potential.
🔍
Management Signal
This contract award demonstrates management's success in securing large, strategic orders from the Indian Navy.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
First stage payment receipt for contract commencement.
Progress reports on construction milestones.
Annual financial results disclosures.
MEDIUM RISK Large scale, long-term defense contract involves inherent execution and financial risks.
💡 Investor Takeaway
Garden Reach Shipbuilders signed a ₹32,000 Crore contract with the Indian Navy for 5 Next Generation Corvettes, to be completed within 09 years 04 months, providing significant future revenue.
⚖️ Strengths & Concerns

✅ Positives

  • Secured a substantial ₹32,000 Crore order for 5 Next Generation Corvettes from the Indian Navy.
  • Project execution timeline of 09 years 04 months provides long-term revenue visibility and operational planning.
📅 Company Track Record
GRSE has recently secured an LOI for one electric tug from Syama Prasad Mookerjee Port (August 2026) and a Rs. 1032.07 Crore order for four Platform Supply Vessels from ONGC (July 2026).

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the value of the contract Garden Reach Shipbuilders signed with the Indian Navy?
Garden Reach Shipbuilders signed a contract worth ₹32,000 Crore with the Indian Navy for the construction of five Next Generation Corvettes.
How many Next Generation Corvettes will Garden Reach Shipbuilders construct?
The company will construct Five (05) Next Generation Corvettes as per the contract signed on November 02, 2026.
What is the timeline for the execution of the Indian Navy contract by GRSE?
The project is to be completed within 09 years 04 months from the date of receipt of the first stage payment.
Is the contract awarded by Garden Reach Shipbuilders to the Indian Navy a domestic or international order?
The contract is a domestic order awarded by the Indian Navy, which is a domestic entity.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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