Defence Ministry signs Rs 53,866 crore deal with GRSE, GSL for 8 next-gen Navy warships
New Delhi, Nov 2 (IANS) The Defence Ministry has signed contracts worth Rs 53,866.50 crore with Garden Reach Shipbuilders & Engineers Limited (GRSE) and Goa Shipyard Limited (GSL) for acquisition of eight Next Generation Corvettes (NGCs) for the Indian Navy, according to an official statement on Monday.