L&T’s new shipyard in Tamil Nadu to bid for defence contracts
07 Aug 2009
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Chennai: Larsen & Toubro is moving ahead with land acquisition in Tamil Nadu to set up a shipbuilding yard, which will take on defence contracts. A senior L&T official said that the project is likely to go on stream in two years.
Speaking to reporters on the sidelines of Suminfra, a summit on sustainable public-private partnerships in infrastructure, JP Nayak, board member and president (machinery and industrial products), L&T, said the company had already shown its capability in the construction of India's first nuclear vessel. Dubbed INS Arihant, the nuclear submarine was launched on 26 July.
Nayak said the land acquisition process for the shipbuilding yard had begun and a project report had also been submitted.
