Larsen & Toubro wins $70 million shipbuilding contract
24 Aug 2007
Mumbai: Engineering and construction firm Larsen & Toubro Ltd has won a shipbuilding order from the Netherlands-based shipping firm, RollDock BV, for construction of two vessels, worth $70 million.
The ships would be built at the existing shipyard at its Hazira engineering complex in Surat and would be delivered by May 2010, L&T said in a filing with the Bombay Stock Exchange (BSE).
The agreement includes an option for more vessels of the same series to be built later this year, the company said.
The vessels have a deadweight capacity of over 8250 tonnes, cargo volume of 17000 cubic metres and can carry 830 TEU of containers.
Earlier in June the company had secured a $94.95-million shipbuilding contract from the Netherlands-based BigLift Shipping.
In a separate announcement L&T said it has allotted over 23.79 lakh equity shares upon conversion of foreign currency convertible bonds on August 6.
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