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Tuesday, October 02, 2007

L&T set to build warships for Indian navy

The engineering firm is the only private sector entity to hold a licence from the government to build warships

Going after the government’s planned Rs50,000 crore investment for warships, India’s largest engineering and construction firm Larsen & Toubro Ltd (L&T) plans to build defence warships and para-military vessels at its proposed shipyard at Kattupalli, in Tamil Nadu, to cater to the needs of the Indian Navy.

“L&T plans to enter the defence shipbuilding sector. The proposed shipbuilding facility at Kattupalli will build defence ships also, apart from general cargo ships and jack-up rigs for the offshore oil industry.

L&T is the only entity in the private sector that holds a licence from the government to build warships,” said a person familiar with the thinking, who did not want to be named.

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