Kolkata, May 22 -- Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has emerged as the lowest bidder for constructing five Next Generation Corvettes (NGC) for the Indian Navy, in what is expected to be a landmark contract valued at approximately Rs.25,000 crore.

These advanced warships are expected to significantly enhance the Navy's surface strike and anti-submarine warfare capabilities, while integrating green technologies for improved efficiency and sustainability.

GRSE's selection underscores its strength in shipbuilding, design innovation and project execution.

The new corvettes will be equipped for offensive surface-to-surface missile attacks, anti-missile defence, and a range of other complex maritime operations.

They will fea...