Kolkata's GRSE named Navratna by government on 19 June 2026
Business
Big news for Kolkata's Garden Reach Shipbuilders & Engineers (GRSE). They've just been named a Navratna company by the government as of June 19, 2026.
This is a major recognition for their strong financial growth and key role in national defense.
GRSE posts ₹7,002 cr revenue
GRSE's revenue jumped from ₹1,754 crore in FY2022 to ₹7,002 crore in FY2026, with profits climbing too.
In FY26, they delivered eight new warships, including the frigate Dunagiri and survey ship Sanshodhak.
Looking ahead, GRSE is expanding into green and autonomous vessels, plus building 12 multi-purpose vessels for a German client, proving they're aiming higher than ever.