Cochin Shipyard Declared L1 for ₹50 Bln Indian Navy Survey Vessel Order

Cochin Shipyard Limited (CSL), India’s leading public sector shipbuilder, has achieved a significant milestone by being declared the lowest bidder (L1) in the Ministry of Defence’s tender for the construction of five Next Generation Survey Vessels (NGSV) for the Indian Navy.

The estimated order value stands at approximately ₹50 billion (₹5,000 crore), making it one of the largest defense contracts in recent years for CSL. The announcement was made following a meeting at the Ministry of Defence in New Delhi on February 16, 2026.

This development underscores CSL’s competitive edge in pricing and capability, positioning the company as a key contributor to India’s naval modernization program. The final contract award will be contingent upon completion of all necessary formalities.

Key Highlights

• Order Value: Estimated at ₹50 billion (₹5,000 crore).
• Project Scope: Construction of five Next Generation Survey Vessels (NGSV).
• Status: CSL declared L1 bidder; contract signing pending formalities.
• Strategic Impact: Strengthens India’s defense shipbuilding and naval modernization efforts.
• Competitive Edge: CSL’s pricing and expertise gave it an advantage in the tender process.

Sources: InvestyWise News, ETInfra, India Seatrade News