𝗖𝗦𝗟 𝗘𝘆𝗲𝘀 𝗡𝗼𝘃 𝟮𝟬𝟮𝟲 𝗳𝗼𝗿 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁 𝗦𝗶𝗴𝗻𝗶𝗻𝗴 𝗼𝗳 ₹𝟱,𝟬𝟬𝟬 𝗖𝗿 𝗡𝗚𝗦𝗩 𝗗𝗲𝗮𝗹
In a significant boost to domestic naval shipbuilding, Cochin Shipyard Limited (CSL) is targeting November 2026 to formally sign the ₹5,000 crore contract for five Next-Generation Survey Vessels (NGSV) for the Indian Navy.
Having earlier emerged as the lowest (L1) bidder in the Ministry of Defence tender, CSL management has confirmed that the procurement is now in its final stages, concluding Price Negotiation Committee (PNC) formalities and progressing toward Cabinet Committee on Security (CCS) clearance.
Once formally inked, this sure-shot defense order will expand CSL’s unexecuted order book from ₹22,000 crore to approximately ₹27,000 crore, securing robust multi-year revenue visibility for the shipyard.