Larsen & Toubro (L&T), the infrastructure conglomerate has entered into a technology transfer agreement with South Korea's Hyundai Heavy Industries to build carriers for liquefied natural gas (LNG) at its shipyard at Kattupalli, near Chennai. The company aims to bag order from GAIL which is likely to re-launch tender for nine LNG carriers with this tie-up, the company also hopes to get more orders in India and abroad. Further, the tie-up with Hyundai will help L&T improve utilisation of its shipyard at Kattupalli, which is housed under subsidiary L&T Shipbuilding.
Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.
