Beyond the current backlog, GRSE is positioned for a materially larger set of opportunities. It is the L1 bidder for the ₹30,000 crore next-generation Corvette programme (a major Indian Navy initiative to acquire eight advanced, stealthy, multi-role warships for coastal defence, surveillance, and surface action) with contract finalisation expected in FY26. Management expects to close FY26 with an order book of more than ₹50,000 crore.
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