GRSE Becomes 29th PSU to Attain Navratna Status

In a significant milestone for India’s public sector landscape, Garden Reach Shipbuilders & Engineers Limited (GRSE) has become the 29th Central Public Sector Enterprise (CPSE) to be granted the prestigious Navratna status by the Government of India.

The Department of Public Enterprises (DPE), under the Ministry of Finance, approved the upgradation of GRSE to Navratna status on June 19, 2026, recognizing the company’s strong financial performance, operational excellence, and strategic importance in India’s defence manufacturing ecosystem.

The elevation places GRSE among an elite group of 29 Navratna CPSEs that enjoy enhanced financial and operational autonomy. The status empowers the company to undertake larger investments, establish joint ventures, enter strategic alliances, and execute expansion plans with greater flexibility and faster decision-making.

The recognition comes at a time when GRSE has demonstrated remarkable growth in revenue and profitability while strengthening its position as one of India’s leading defence shipbuilders. The company has played a crucial role in supporting the Indian Navy’s modernization efforts and advancing the Government’s vision of Atmanirbhar Bharat in defence production.

Over the years, GRSE has built more than 800 maritime platforms, delivered 118 warships to the Indian armed forces, and expanded its global footprint through export orders, including the construction of multi-purpose vessels for Germany.

With its new Navratna status, GRSE is expected to further accelerate its growth trajectory, capitalize on emerging opportunities in defence manufacturing and exports, and contribute significantly to India’s goal of becoming a global defence production hub.

The achievement also reflects the growing strength of India’s defence PSUs, which are increasingly emerging as globally competitive enterprises while generating substantial value for stakeholders and investors alike.