From TFI Post
Right Owned by TFI PostExplained: India’s Rs 53,866.50 crore deal for eight Next Generation Corvettes
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Rs 53,866 crore, 8 new warships: India signs major Navy deal
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On 2 November 2026, the Ministry of Defence signed contracts worth Rs 53,866.50 crore to buy eight Next Generation Corvettes (NGCs) for the Indian Navy. Defence Secretary Rajesh Kumar Singh was present at the signing at Kartavya Bhawan-2 in New Delhi. Two state-owned shipyards will build the ships…
— TFI Post
RSS excerpt
On 2 November 2026, the Ministry of Defence signed contracts worth Rs 53,866.50 crore to buy eight Next Generation Corvettes (NGCs) for the Indian Navy. Defence Secretary Rajesh Kumar Singh was present at the signing at Kartavya Bhawan-2 in New Delhi. Two state-owned shipyards will build the ships…