20 Jun 2026
Garden Reach Shipbuilders was granted Navratna status by the government through an office memorandum dated 19 June, after revenue rose from 1,754 crore rupees in FY22 to 7,002 crore in FY26 and profit after tax grew from 190 crore to 748 crore.
Navratna status raises the board's investment and capex autonomy, which matters for a warship maker already in brownfield and greenfield expansion against a full order book.