Garden Reach Shipbuilders & Engineers has signed a contract worth Rs 32,000 crore with The Indian Navy. The contract is for the construction of Five Next Generation Corvettes (NGCs), and is to be completed within 9 years 4 months from the date of receipt of first stage payment.
Garden Reach Shipbuilders & Engineers is a ship-building company in India under the administrative control of the Ministry of Defence (MoD) and primarily adheres to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.