Department of Public Enterprises confers 'Navratna' status on Garden Reach Shipbuilders and Engineers (GRSE)

Exam-focused facts from the 26 June 2026 current affairs briefing.

Key facts

Garden Reach Shipbuilders and Engineers (GRSE), a defence PSU, was conferred the 'Navratna' status by the Department of Public Enterprises on March 28, 2026 (Friday).
GRSE's revenue from operations grew from Rs 1,754 crore in 2021-22 to Rs 7,002 crore in 2025-26, a nearly 300 per cent increase.
Profit after tax rose from Rs 190 crore to Rs 748 crore during the same period, reflecting nearly 294 per cent growth.
GRSE delivered eight warships in the year, including three on March 30, 2026.
Out of the 118 warships delivered by GRSE, 80 have been inducted into the Indian Navy.