GRSE signs ₹32,000 crore deal for five Navy corvettes
Goa Shipyard will build three more; the eight warships are worth ₹53,866.50 crore in all, and GRSE shares rose as much as 9%
1 of 5
Garden Reach Shipbuilders & Engineers (GRSE) signed a contract worth about ₹32,000 crore with the defence ministry to build five Next Generation Corvettes.
Goa Shipyard got the order for three more, taking the two contracts to ₹53,866.50 crore.
GRSE shares jumped nearly 9% to an intraday high of ₹2,231 on the NSE on Tuesday.