Garden Reach Shipbuilders & Engineers Ltd. granted Navratna status by Government of India

Garden Reach Shipbuilders & Engineers Ltd. granted Navratna status by Government of India​

Garden Reach Shipbuilders & Engineers (GRSE) Limited has been awarded Navratna status by the Department of Public Enterprises, Ministry of Finance, Government of India. The elevation, formalized on June 19, 2026, recognizes the shipyard’s significant financial growth and operational efficiency within the defense sector.

The conferment of this prestigious status acknowledges GRSE’s robust performance and its contribution to national security initiatives. Navratna designation empowers Public Sector Enterprises like GRSE to undertake larger investments, enhancing their capacity for expanded operations.

Financial and Operational Milestones​

GRSE has demonstrated a remarkable trajectory in financial health over the past five years. The Company's Revenue from Operations saw substantial growth, while Profit After Tax (PAT) also rose significantly during the period.

The key financial data reflects this strong performance:


In terms of output, GRSE delivered eight warships in the last year. These deliveries included P17A advanced guided-missile frigate Dunagiri, Sanshodhak, a Survey Vessel (Large), and an Anti-Submarine Warfare Shallow Water Craft Array.

Strategic Growth and Future Focus​

The Navratna status arrives as GRSE accelerates its expansion goals through both brownfield and greenfield projects. The shipyard is actively pursuing strategic opportunities and furthering self-reliance in defense manufacturing. Currently, GRSE is building 12 multi-purpose vessels for a German client, aligning with the 'Make in India, Make for the World' vision.

Cmde PR Hari, IN (Retd), Chairman and Managing Director of GRSE, stated that the recognition reflects the confidence placed in the company and acknowledges the dedication of its employees. He added that the status will further empower GRSE to enhance self-reliance in defense manufacturing and contribute meaningfully towards India's emergence as a leading maritime power by 2047.

A Legacy in Shipbuilding​

Established in 1884, GRSE has a rich history dating back to its beginnings as a small workshop for the River Steam Navigation Company, which was taken over by the Government of India in 1960. The shipyard achieved several pioneering milestones: delivering the country's first indigenous warship, INS Ajay, in 1961, and building the first Indian Export Warship, CGS Barracuda for the Government of Mauritius.

GRSE holds a unique position as the only shipyard specializing in research ships. To date, the company has delivered over 800 marine platforms, with a total of 118 warships provided to the Navy, Coast Guard, and friendly foreign nations, setting the highest delivery figure among Indian shipyards.

Beyond core shipbuilding, GRSE is diversified into engineering projects. Its operational profile includes pre-fabricated steel bridges, marine diesel engine overhauling, and the manufacture of 30mm Naval Surface Guns. The shipyard boasts four distinct shipyards and has a proven capacity to undertake concurrent construction of 28 ships at one time.

GRSE Stock Price Movement​

On Friday, shares of Garden Reach Shipbuilders & Engineers Limited slipped by 0.93%, settling at ₹2798.3 after trading closed for the day. The stock experienced significant activity, with 1.35 million shares changing hands and closing close to the session's low of ₹2775.