MoD signs Rs 53,866-crore contracts with GRSE, GSL for eight next-generation Navy corvettes

New Delhi, Nov 2 (UNI) In a major boost to India's indigenous warship-building programme, the Ministry of Defence on Monday signed contracts worth Rs 53,866.50 crore with Garden Reach Shipbuilders & Engineers Limited (GRSE) and Goa Shipyard Limited (GSL) for the construction of eight Next Generation Corvettes (NGCs) for the Indian Navy. The contracts were signed in the presence of Defence Secretary Rajesh Kumar Singh at Kartavya Bhawan-2 in New Delhi. Under the agreement, Kolkata-based GRSE will build five corvettes, while GSL will construct the remaining three vessels. The project marks a significant milestone in India's naval shipbuilding capabilities, as…