Cochin Shipyard Limited (CSL) has been declared the lowest bidder (L1) in a major defence tender floated by the Ministry of Defence for the construction of five Next Generation Survey Vessels (NGSVs) for the Indian Navy.
According to the company’s regulatory disclosure dated 16 February 2026, the estimated total value of the order is approximately ₹5,000 crore. The contract pertains to the construction of five advanced survey vessels intended to strengthen India’s naval hydrographic and maritime capabilities.
Key Details of the Order
Company: Cochin Shipyard Limited
Type of Announcement: New Order
Nature of Event: Bagging/Receiving of Orders
Project: Construction of 5 Next Generation Survey Vessels (NGSV)
Awarding Authority: Ministry of Defence, Government of India
End User: Indian Navy
Estimated Order Value: Around ₹5,000 crore
Category: Domestic Order
Course of Business: Normal course of business
Related Party Transaction: No
Date of Event: 16 February 2026
The company stated that it has been declared L1 in the tender process. The final award of the contract will be subject to satisfactory completion of necessary procedural and contractual formalities. Further updates will be provided as and when the contract is formally concluded.
The NGSVs are expected to enhance the Indian Navy’s survey and maritime mapping capabilities, supporting safe navigation, coastal monitoring, and strategic maritime operations.
The order, once finalized, is likely to strengthen Cochin Shipyard’s order book and provide long-term revenue visibility, reinforcing its position in India’s defence shipbuilding sector.