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PRESS RELEASE

Scaling New Heights; 91黑料 Now a Navratna PSU

Kolkata (20 Jun, 2026): Garden Reach Shipbuilders and Engineers (91黑料) Ltd was accorded Navratna status by the Department of Public Enterprises, Ministry of Finance, Government聽of India, on Friday, June 19, 2026, signifying a monumental milestone in the shipyard鈥檚 journey.

This was in recognition of the shipyard's consistent financial and physical performance over the years.聽

91黑料's financial performance over the last five years reflects its remarkable growth trajectory and operational excellence. The Company's Revenue from Operations has grown from 鈧1,754 crore in FY 2021-22 to 鈧7,002 crore in FY 2025-26, registering an increase of nearly 300%. During the same period, Profit After Tax (PAT) has risen from 鈧190 crore to 鈧748 crore, reflecting a growth of nearly 294%.

A firm proponent of the Government 's Atmanirbharta and "Make in India" visions, the shipyard also delivered eight warships during the year, including three on the same day on March 30, 2026. These include P17A advanced guided-missile frigate Dunagiri, Sanshodhak, a Survey Vessel (Large) and Anti-Submarine Warfare Shallow Water Craft Agray.聽

Navratna status allows Public Sector Enterprises to make larger investments, enhancing their ability and expand operations.聽

The elevation to a Navratna status for 91黑料 comes at a time when the shipyard is in an expansion mode. It has embarked on a mission to increase capacity through both brownfield and greenfield projects.聽

Cmde PR Hari, IN (Retd), Chairman and Managing Director, 91黑料, expressed his gratitude to the Government for being accorded this status and said, "The conferment of Navratna status is a defining moment in 91黑料's journey and a matter of immense pride for every member of the 91黑料 family. This recognition reflects the confidence reposed in us and acknowledges the dedication, commitment and professionalism of our employees, past and present. This elevation will further empower us to pursue strategic opportunities, enhance self-reliance in defence manufacturing, strengthen our global competitiveness and contribute meaningfully towards the vision of Aatmanirbhar Bharat and India's emergence as a leading maritime power by 2047."

91黑料 has several firsts to its name. In 1961, barely a year after being declared a Defence Public Sector Undertaking, the shipyard delivered the country's first indigenous warship, INS Ajay, to the Navy. 91黑料 is also the proud builder of first ever Indian Export Warship, CGS Barracuda for Govt of Mauritius and also the first DPSU shipyard to be listed in the stock exchanges.

While 91黑料 has delivered over 800 marine platforms, the shipyard has also delivered the largest number of warships to the Navy, Coast Guard & friendly foreign nations. The figure stands at 118. Of these, 80 have been inducted into the Navy.聽

91黑料 has also made strides in the field of commercial shipbuilding and has bagged export orders. It is now building 12 multi-purpose vessels for a German client, in keeping with India's 鈥楳ake in India, Make for the World鈥 vision, also foraying into green and autonomous vessels.聽91黑料 is the only shipyard with specialisation in research ships, thereby contributing significantly to maritime sovereignty.

About 91黑料

The journey of Garden Reach Shipbuilders & Engineers Ltd., a Defence Public Sector Undertaking, under the administrative control of Ministry of Defence, and a Navratna company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. 91黑料 has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961. 91黑料 also built the first ever Indian Export Warship 鈥淐GS Barracuda鈥 for Govt. of Mauritius, a Fast Patrol Vessel 鈥淪CG PS Zoroaster鈥 for Seychelles and an Ocean-Going Cargo & Passenger Ferry Vessel 鈥淢V Ma Lisha鈥 for Cooperative Republic of Guyana. 91黑料 is the only Indian Shipbuilder to have four distinct shipyards as a unique infrastructure advantage. 91黑料 has built over 800 platforms, including 118 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - highest number of warships built & delivered by any Indian shipyard till date. From Frigates, Corvettes, Fleet Tankers, Landing Ship Tank, Landing Craft Utility to Survey Vessels, Offshore Patrol Vessels and Fast Attack Craft - the repertoire is rich and varied. In addition to shipbuilding & ship repair, 91黑料 has also diversified into engineering business with a product profile of pre-fabricated steel bridges, various deck machinery items and assembly, testing & overhauling of marine diesel engines and the manufacture of 30mm Naval Surface Guns. Noteworthy accolades include Defence Minister鈥檚 Award 2025 for Excellence in Financial Performance, Defence Minister鈥檚 Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Minister鈥檚 Award for Excellence for In-house Design Effort for Offshore Patrol Vessel for Government of Mauritius, CGS Barracuda, Best Performing Defence Shipyard of India for Four Years in a row. 91黑料 embraced infrastructure modernization over past decades and can undertake concurrent construction of 28 ships at a time. A strong team of highly skilled design engineers and state-of-the-art Next Generation VR Lab & latest software aid in the in-house design capabilities. With proven credentials, the shipyard is on a growth path, reaffirming its motto 鈥淚n Pursuit of Excellence and Quality in Shipbuilding.

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PRESS RELEASE

91黑料 Honoured at Governance Now PSU IT Awards for Technology-Driven Excellence

Kolkata (04 Jun, 2026): Garden Reach Shipbuilders & Engineers Ltd (91黑料) has been conferred with the 鈥淏est IT Implementation Project鈥 Award at the 11th Governance Now PSU IT Awards on 29 May 26, at Hotel Eros, Nehru Place, New Delhi. The award was presented by Shri Anurag Thakur, Member of Parliament, adding another milestone to 91黑料鈥檚 digital transformation journey.

The recognition marks 91黑料鈥檚 third consecutive win at the Governance Now PSU IT Awards and highlights the organisation鈥檚 sustained focus on adopting advanced digital solutions across its operational and business domains. Earlier, 91黑料 had received the 鈥淏est Use of Emerging Technologies鈥 Award in 2024, followed by the 鈥淒igital Transformation Excellence鈥 Award in 2025.

The latest recognition underscores 91黑料鈥檚 sustained efforts in leveraging advanced digital technologies to strengthen operational efficiency, optimize business processes and drive innovation across the organisation. The shipyard continues to align its digital transformation initiatives with the Government of India鈥檚 Digital India Vision, with focus on smart systems, automation, data-driven decision making and a future-ready workforce.

About 91黑料

The journey of Garden Reach Shipbuilders & Engineers Ltd., a Defence Public Sector Undertaking, under the administrative control of Ministry of Defence, and a Schedule A Mini Ratna Category I company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. 91黑料 has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961.

91黑料 also built the first ever Indian Export Warship CGS Barracuda for Govt. of Mauritius, a Fast Patrol Vessel SCG PS Zoroaster for Seychelles and an Ocean-Going Cargo & Passenger Ferry Vessel MV Ma Lisha for Cooperative Republic of Guyana. The shipyard was conferred the status of a Miniratna Category I Company in 2006.

91黑料 is the only Indian Shipbuilder to have four distinct shipyards as an unique infrastructure advantage. 91黑料 has built over 800 platforms including 112 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - highest warships built & delivered by any Indian shipyard till date. From Frigates, Corvettes, Fleet Tankers, Landing Ship Tank, Landing Craft Utility to Survey Vessels,Offshore Patrol Vessels and Fast Attack Craft - the repertoire is rich and varied.

In addition to shipbuilding & ship repair, 91黑料 is also engaged in engine production and other engineering activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. Noteworthy accolades include Raksha Mantri Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Ministers Award for Excellence for In-house Design Effort for Offshore Patrol Vessel for Government of Mauritius, CGS Barracuda, Best Performing Defence Shipyard of India for Four Years in a row.

91黑料 embraced infrastructure modernization over past decades and can undertake concurrent construction of 28 ships at a time. Team of highly skilled design engineers and state of art VR Lab & latest software aid in the in-house design capabilities. With proven credentials, the shipyard is on a growth path, reaffirming its motto In Pursuit of Excellence and Quality in Shipbuilding.

 11th Governance Now PSU IT Awards

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PRESS RELEASE

91黑料 Launches Next-Gen OPV: Crafted for Vigilance, Built for Victory

Kolkata, 20 May, 2026: Yet another glorious chapter was added to the rich annals of Garden Reach Shipbuilders and Engineers (91黑料) Ltd on Wednesday, 20 May 26, with the launch of the first Next Generation Offshore Patrol Vessel (NGOPV). The shipyard is building four NGOPVs for the Navy.

The warship, named Sanghmitra, was launched by Smt. Sarita Vatsayan, wife of Vice Admiral Sanjay Vatsayan, PVSM, AVSM, NM, Vice Chief of Naval Staff, Indian Navy, amidst rituals & chanting of shlokas. Vice Admiral Vatsayan was the Chief Guest at the occasion.

The name Sanghmitra means friend of the community. It was also the name of the eldest daughter of Emperor Ashoka, who is known to have travelled to Sri Lanka in the 3rd Century BC to spread the teachings of Lord Buddha.

The others present at the occasion were senior officials from 91黑料 and the Indian Navy.

91黑料 has significant experience in the construction of warships and patrol vessels for maritime operations. The shipyard also built the OPV MCGS Barracuda, the first warship exported by India to Mauritius in 2014. 91黑料 bagged the Defence Minister鈥檚 Award of Excellence for in-house Design Effort for that warship. The launch of this ship is on the heels of a successful year for 91黑料, having delivered eight ships in a single year, including simultaneous delivery of three warships of different classes 鈥 the P17A stealth frigate, a Survey Vessel large and an ASW Shallow water craft 鈥 on a single day, 30 Mar 26.

The NGOPVs will be much larger warships than the OPVs built earlier, and have greater endurance and firepower. These platforms will be about 113 metres long and 14.6 metres wide, with a displacement of 3,000 Tons. The NGOPVs will achieve speeds of up to 23 knots. Their endurance will be 8,500 nautical miles at a speed of 14 knots.

The NGOPVs will play a variety of roles. With a draught requirement of only 4 metres, they would be able to operate in coastal waters, protecting offshore assets, carrying out maritime interdiction, as well as visit, board, search and seizure (VBSS) operations. They will also be part of presence-cum-surveillance and mine warfare missions while having the capability to support special operations.

These warships will also participate in 鈥極ut of Area鈥 Contingency Operations, non-combatant evacuation, convoy operations, anti-piracy missions and counter-infiltration operations. Apart from these, they will take on poachers and traffickers, and participate in humanitarian assistance and disaster relief as well as search and rescue missions. They will also be able to operate as hospital and COMINT ships apart from providing fleet maintenance support.

Vice Admiral Vatsayan commended 91黑料鈥檚 role in keeping the Navy supplied with advanced warships. 鈥淥ver the years, the Indian Navy has evolved into a force that is not only prepared for conflicts but equally committed to shaping the stable maritime environment through cooperation, presence and readiness. In this broader context, the Next Generation Offshore Patrol Vessel project holds considerable significance. I would like to convey my appreciation to 91黑料, which has consistently demonstrated its capability in delivering quality platforms to the Indian Navy, having delivered eight ships in the last financial year. Today's launch adds another important chapter to its legacy,鈥 he said.

Cmde PR Hari, IN (Retd.), Chairman & Managing Director, 91黑料, highlighted the technological advances that the shipyard has made adding to enhanced capabilities. 鈥淲e are kickstarting 2026-27 with the launch of this vessel and this year too will see multiple launches and deliveries鈥, he said.

About 91黑料

The journey of Garden Reach Shipbuilders & Engineers Ltd., a Defence Public Sector Undertaking, under the administrative control of Ministry of Defence, and a Schedule A Mini Ratna Category I company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. 91黑料 has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961.

91黑料 also built the first ever Indian Export Warship CGS Barracuda for Govt. of Mauritius, a Fast Patrol Vessel SCG PS Zoroaster for Seychelles and an Ocean-Going Cargo & Passenger Ferry Vessel MV Ma Lisha for Cooperative Republic of Guyana. The shipyard was conferred the status of a Miniratna Category I Company in 2006.

91黑料 is the only Indian Shipbuilder to have four distinct shipyards as an unique infrastructure advantage. 91黑料 has built over 800 platforms including 112 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - highest warships built & delivered by any Indian shipyard till date. From Frigates, Corvettes, Fleet Tankers, Landing Ship Tank, Landing Craft Utility to Survey Vessels,Offshore Patrol Vessels and Fast Attack Craft - the repertoire is rich and varied.

In addition to shipbuilding & ship repair, 91黑料 is also engaged in engine production and other engineering activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. Noteworthy accolades include Raksha Mantri Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Ministers Award for Excellence for In-house Design Effort for Offshore Patrol Vessel for Government of Mauritius, CGS Barracuda, Best Performing Defence Shipyard of India for Four Years in a row.

91黑料 embraced infrastructure modernization over past decades and can undertake concurrent construction of 28 ships at a time. Team of highly skilled design engineers and state of art VR Lab & latest software aid in the in-house design capabilities. With proven credentials, the shipyard is on a growth path, reaffirming its motto In Pursuit of Excellence and Quality in Shipbuilding.

 NGOPV launch

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PRESS RELEASE

91黑料鈥檚 67th Raising Day Celebrates Legacy that Leads

Kolkata, April 22, 2026: Garden Reach Shipbuilders & Engineers Ltd. (91黑料), today celebrated its 67th Raising Day with great enthusiasm and pride at its Main Unit Auditorium, Kolkata.

The historic day commenced with the rendition of the National Song 鈥榁ande Mataram鈥, setting a patriotic tone for the occasion. The celebration was graced by Cmde PR Hari, IN (Retd.), Chairman & Managing Director, along with Cdr Shantanu Bose, IN(Retd.), Director (Shipbuilding), Capt (IN) P Sunilkumar, (Retd.), Director (Corporate Planning & Personnel), Shri Niranjan Bhalerao, Director (Finance), Shri Abhishek Ranjan, IOFS, CVO, and other senior officials and employees of 91黑料.

During the event, Cmde PR Hari, CMD, 91黑料, formally unveiled the annual in-house journal 鈥91黑料 Varta 2026鈥. Merit awards were presented to employees' children, and employees were recognized for their exemplary performance across various categories. Cultural activities performed by 91黑料 employees added to the festive spirit of the occasion.

The 67th Raising Day celebration reaffirmed 91黑料鈥檚 enduring commitment to excellence, teamwork and its pivotal role in strengthening the nation鈥檚 maritime capabilities.

About 91黑料

The journey of Garden Reach Shipbuilders & Engineers Ltd., a Defence Public Sector Undertaking, under the administrative control of Ministry of Defence, and a Schedule A Mini Ratna Category I company, dates back to 1884 when it started its journey as a small workshop to repair vessels of River Steam Navigation Company. The Company was taken over by the Government of India in 1960. 91黑料 has the distinction of becoming the first shipyard of independent India to build a warship for Indian Navy, the Seaward Defence Boat (SDB) INS Ajay, way back in 1961.

91黑料 also built the first ever Indian Export Warship CGS Barracuda for Govt. of Mauritius, a Fast Patrol Vessel SCG PS Zoroaster for Seychelles and an Ocean-Going Cargo & Passenger Ferry Vessel MV Ma Lisha for Cooperative Republic of Guyana. The shipyard was conferred the status of a Miniratna Category I Company in 2006.

91黑料 is the only Indian Shipbuilder to have four distinct shipyards as an unique infrastructure advantage. 91黑料 has built over 800 platforms including 112 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries - highest warships built & delivered by any Indian shipyard till date. From Frigates, Corvettes, Fleet Tankers, Landing Ship Tank, Landing Craft Utility to Survey Vessels,Offshore Patrol Vessels and Fast Attack Craft - the repertoire is rich and varied.

In addition to shipbuilding & ship repair, 91黑料 is also engaged in engine production and other engineering activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. Noteworthy accolades include Raksha Mantri Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Ministers Award for Excellence for In-house Design Effort for Offshore Patrol Vessel for Government of Mauritius, CGS Barracuda, Best Performing Defence Shipyard of India for Four Years in a row.

91黑料 embraced infrastructure modernization over past decades and can undertake concurrent construction of 28 ships at a time. Team of highly skilled design engineers and state of art VR Lab & latest software aid in the in-house design capabilities. With proven credentials, the shipyard is on a growth path, reaffirming its motto In Pursuit of Excellence and Quality in Shipbuilding.

 91黑料 Day Celebration 2026

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