India Signs Rs 53,866 Crore Warship Contracts With GRSE and GSL
The Ministry of Defence signed contracts worth Rs 53,866 crore with GRSE and Goa Shipyard Limited for eight next-generation corvettes for the Indian Navy. Defence stocks rose up to 7%.
Major defence stocks rallied on Tuesday after the Ministry of Defence signed contracts worth Rs 53,866 crore with Garden Reach Shipbuilders and Engineers (GRSE) and Goa Shipyard Limited (GSL) for the procurement of eight next-generation corvettes for the Indian Navy.GRSE, which will build five of t…