Garden Reach Shipbuilders has been accorded Navratna status by the Department of Public Enterprises, Ministry of Finance, Government of India. This was in recognition of the shipyard's consistent financial and physical performance over the years. Navratna status allows Public Sector Enterprises to make larger investments, enhancing their ability and expand operations.
The elevation to a Navratna status for the company comes at a time when the shipyard is in an expansion mode. It has embarked on a mission to increase capacity through both brownfield and greenfield projects.
Garden Reach Shipbuilders & Engineers is a shipbuilding company in India under the administrative control of the MoD and primarily adhere to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.
