Defence Contracts

Next Generation Corvette Contract: ₹53,866 Cr vs ₹36,000 Cr

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Indian Navy corvette at sea beside a corvette firing a missile, with the ₹36,000 crore estimate and ₹53,866.50 crore Next Generation Corvette contract figures

In June 2022 the Defence Acquisition Council put an estimated ₹36,000 crore on the Navy’s Next Generation Corvettes. On 2 November 2026 the MoD signed…