**Executive Summary**
Goa Shipyard Limited (GSL) has been upgraded from Schedule 'B' to Schedule 'A' status of Central Public Sector Enterprises (CPSEs) by the Department of Public Enterprises, Ministry of Finance. This elevation, approved on February 25, 2026, marks a significant milestone reflecting GSL's growth, operational excellence, and strategic contribution to India's maritime security.
**Key Points / Main Content**
* **Upgraded CPSE Status:** Goa Shipyard Limited (GSL) has been upgraded from Schedule 'B' to Schedule 'A' category of Central Public Sector Enterprises (CPSEs).
* **Approval Authority:** The elevation was approved by the Department of Public Enterprises, under the Ministry of Finance.
* **Effective Date:** The elevation was accorded on February 25, 2026.
* **Recognition of Performance:** This upgrade acknowledges GSL's sustained growth, operational excellence, institutional maturity, robust financial performance, consistent expansion, and strategic contribution to India's maritime security.
* **Role in Defence Shipbuilding:** GSL is recognized as a key pillar in India's defence shipbuilding ecosystem, supplying advanced maritime platforms to the Indian Navy, Indian Coast Guard, and friendly foreign nations.
* **Future Capabilities:** The Schedule 'A' status will empower GSL to enhance its organizational capabilities, manage complex projects, undertake larger responsibilities, and accelerate technological advancement.
* **Commitment to Self-Reliance:** GSL remains committed to the 'Aatmanirbhar Bharat' vision and self-reliance in defense production, focusing on delivering world-class, technologically advanced platforms.
**Impact Analysis**
**Goa Shipyard Limited (GSL)**
* **Impact:** GSL's organizational capabilities and project management will be enhanced, allowing it to take on greater responsibilities and accelerate technological advancement. This status will strengthen its position in India's maritime security architecture and defense manufacturing.
* **Action Required:** Continue focusing on delivering advanced maritime platforms, reinforcing national security, and contributing to India's maritime ambitions, while upholding the 'Aatmanirbhar Bharat' vision.
**Ministry of Defence / Department of Defence Production / Ministry of Finance / Department of Public Enterprises**
* **Impact:** These ministries and departments are recognized for their guidance and support in achieving this milestone, which reaffirms their confidence in GSL's capabilities and strategic importance.
* **Action Required:** Continue to provide guidance and support to GSL in its growth trajectory and its contributions to national security.
Key Entities Referenced
Schedule 'A' category of Central Public Sector Enterprises (CPSEs): Classification for state-owned companies, Goa Shipyard Limited has been elevated to this category.
Goa Shipyard Limited (GSL): The company at the center of the policy, being elevated to Schedule 'A' CPSE status.
Ministry of Finance: The ministry that, through the Department of Public Enterprises, accorded the elevation.
Department of Public Enterprises: The specific department under the Ministry of Finance that approved the elevation.
Panaji, Goa: The location of Goa Shipyard Limited.
Ministry of Defence
Goa Shipyard Limited Elevated to Schedule ‘A’
CPSE Status
Posted On: 02 MAR 2026 6:04PM by PIB Mumbai
Panaji, Goa | March 2, 2026
Goa Shipyard Limited (GSL) has achieved a historic milestone with the Government of India approving
the upgradation of the Company from ‘Schedule B’ to ‘Schedule A’ category of Central Public Sector
Enterprises (CPSEs). The elevation has been accorded by the Department of Public Enterprises, under the
Ministry of Finance, on February 25, 2026.
This landmark development marks a defining moment in GSL’s journey of sustained growth, operational
excellence, and institutional maturity. The elevation to Schedule ‘A’ status reflects the Company’s robust
financial performance, consistent expansion, and its strategic contribution to strengthening India’s
maritime security architecture.
Over the years, GSL has emerged as a key pillar in the nation’s defence shipbuilding ecosystem,
delivering advanced maritime platforms to the Indian Navy, the Indian Coast Guard, and friendly foreign
nations. The upgradation reaffirms the Government’s confidence in GSL’s capabilities and recognises its
growing strategic importance in enhancing India’s indigenous defence manufacturing capacity.
The elevation to Schedule ‘A’ status will further empower GSL to augment its organisational capabilities
and effectively manage its expanding and increasingly complex portfolio of projects. It positions the
Company to take on larger responsibilities, accelerate technological advancement, and contribute more
substantially to India’s maritime ambitions.
GSL remains steadfast in its commitment to the Government of India’s vision of ‘Aatmanirbhar Bharat’
and self-reliance in defence production. The Company will continue to focus on delivering world-class,
technologically advanced platforms that reinforce national security and project India’s maritime strength
globally.
GSL conveys its sincere gratitude to the Ministry of Defence, the Department of Defence Production, the
Ministry of Finance, and the Department of Public Enterprises for their continuous guidance, unwavering
support, and encouragement, which have been instrumental in shaping the Company’s growth trajectory
and enabling this significant milestone.
This elevation stands as a proud and defining chapter in GSL’s institutional journey — a moment of
collective pride for Team GSL and the entire GSL fraternity.Source- PRO GSL/PIB Panaji/Ambadas Yadav/Priti Malandkar
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Read this release in: Marathi