MoD Signs ₹53,866.50 Crore Contract for 8 Next Generation Corvettes
The Ministry of Defence has signed contracts worth ₹53,866.50 crore for the acquisition of eight Next Generation Corvettes for the Indian Navy. The warships will be indigenously designed by the Indian Navy and constructed by domestic Defence Public Sector Undertakings GRSE and GSL.
What happened
The Ministry of Defence signed contracts worth ₹53,866.50 crore on November 2, 2026, at Kartavya Bhawan-2 in New Delhi, in the presence of Defence Secretary Rajesh Kumar Singh. The major defence acquisition follows clearance by the Cabinet Committee on Security.
The contract covers the construction of eight Next Generation Corvettes (NGCs) for the Indian Navy. These multi-role stealth combat platforms will be built by two Kolkata- and Goa-based Defence Public Sector Undertakings: Garden Reach Shipbuilders & Engineers Limited and Goa Shipyard Limited, marking the first time such indigenously designed warships are contracted via competitive bidding to DPSUs.
Important dates
| Contract Signing Date | 2 November 2026 |
|---|
📌 Static GK links
- Total Value: ₹53,866.50 crore
- Quantity: 8 Next Generation Corvettes (NGCs)
- Shipbuilders: GRSE (Kolkata) and GSL (Goa)
- Crew Complement: 11 officers and 139 sailors per corvette
What candidates should do
- Note down the exact financial figure, the quantity of warships, and the names of the executing shipyards for upcoming objective exams.
- Revise the role of Defence Public Sector Undertakings in India's indigenisation roadmap for naval defence.
PrepZen analysis
This high-value defence contract represents a significant milestone in India's naval indigenisation efforts. By combining indigenous warship designs by the Indian Navy with competitive bidding among DPSUs like GRSE and GSL, the project reinforces domestic manufacturing capabilities. Furthermore, the massive projected employment generation of over 72 lakh person-days in shipyards and 460 lakh person-days across ancillary industries highlights the broader economic impact of major defence acquisitions.
Practice questions
Q1. What is the total value of the contract signed by the Ministry of Defence for the acquisition of 8 Next Generation Corvettes?
Q2. Which two Defence Public Sector Undertakings have been awarded the contract to build the Next Generation Corvettes?
For acquisition of 8 Next Generation Corvettes (NGCs) for Indian Navy.
Warships indigenously designed by Indian Navy.
🎯 Key Point: MoD signs ₹53,866.50 crore deal for 8 Next Generation Corvettes.
FAQs
How many Next Generation Corvettes are to be built under this MoD contract?
A total of eight Next Generation Corvettes (NGCs) are to be built for the Indian Navy.
Which shipyards are constructing the Next Generation Corvettes?
Garden Reach Shipbuilders & Engineers (GRSE) in Kolkata and Goa Shipyard Limited (GSL) in Goa are constructing the corvettes.
What older class of warships will the Next Generation Corvettes replace in the Indian Navy?
The NGCs will replace older single-role corvettes, specifically the Khukri-class and Kora-class corvettes.
When is the first Next Generation Corvette scheduled for delivery?
The first warship is scheduled for delivery by 2030.
Sources and references
- fortuneindia.com (www.fortuneindia.com)
- thehindu.com (www.thehindu.com)
- maritimegateway.com (www.maritimegateway.com)
- newindianexpress.com (www.newindianexpress.com)
Prepared by PrepZen for exam preparation. Consult the linked sources for original announcements and current details. Corrections policy. Spotted an error? Write to prepzen.app@gmail.com.
Practice Quiz — 3 November 2026
Q1. Who has recently been appointed as the Chairman and Managing Director (CMD) of the Indian Renewable Energy Development Agency Limited (IREDA)?
Q2. What is the primary objective of the newly notified VB-G RAM G Grievance Redressal Rules, 2026 by the Ministry of Rural Development?
Q3. Where did Prime Minister Narendra Modi inaugurate the Emerging Science, Technology and Innovation Conclave (ESTIC) 2026?
Q4. How many Next Generation Corvettes (NGCs) will be acquired by the Indian Navy under the recent ₹53,866.50 crore deal signed by the Ministry of Defence?
Q5. Which Indian Naval Ship recently completed a 10-month 'Lokayan 26' transoceanic sailing expedition?
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