Construction major Larsen & Toubro will invest $400 million in ramping up its ship manufacturing capacity. This will be spent on ship building capacities mostly dedicated to navy near Ennore port. Over the next four-five years, it is targeting revenue of Rs 2,500 crore from defence, nuclear and avionic segment.
The company has identified four core areas -- Radar, Electronic Warfare, Avionics and Mobiles - for co-operation with EADS to provide services to the Indian defence sector. The company is particularly bullish on nuclear segment as the sector has a business potential of over Rs 6,000 crore for private firms.
crackcrack| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4012.65 |
| Rail Vikas Nigam | 297.65 |
| NCC | 163.60 |
| KEC International | 560.70 |
| Kalpataru Projects | 1248.65 |
| View more.. | |
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