L&T bags Rs 447 cr order from Defence Min

Tags: Companies
Engineering major Larsen & Toubro (L&T) today said it has bagged a Rs 447 crore contract from the Defence Ministry to supply 18 high speed interceptor boats for the Indian Coast Guard.

"With this order, L&T is positioned as the foremost Indian shipyard in terms of capability to indigenously design and construct the largest number of interceptor boats for the Ministry," the company said in a statement.

The company had earlier bagged a contract worth Rs 977 crore for 36 similar vessels for the Coast Guard, it said.

"These boats are expected to significantly enhance India's coastal security," the release said.

The interceptor boat is a planing craft, capable of achieving speeds exceeding 40 knots and is built with a full aluminium-alloy light-weight hull, which is powered by a twin water-jet propulsion system to enable quick response that is crucial for coastal surveillance.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Those willfully defaulting on loans should be blacklisted by Sebi

    As reported by this newspaper’s Monday edition, the Securities and Exchange Board of India (Sebi) has found merit in the Reserve Bank of India’s s

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Kickstarting technological innovation

One of the key dimensions of global competitiveness is the ...

Kuruvilla Pandikattu SJ

Developing moral, spiritual capacity

Writing in The Huffington Post, Noam Chomsky, professor emeritus, MIT ...

Gautam Gupta

Manufacturing must keep workers’ welfare in mind

It may be early days yet, but the labour reforms ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture