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L&T, Samsung Techwin bag order worth Rs 4,875 crore

07 Oct 2015 Evaluate

Larsen & Toubro (L&T) and Samsung Techwin (STW) have secured order worth Rs 4,875 crore ($750 million) for supplying the Indian Army with 100 self-propelled (SP), tracked howitzers. The contract falls under the Buy Global category of procurement, which provides for over-the-counter sales of ready-built defence equipment.

L&T has pursued its relationship with STW strategically, ever since the two sides struck up a partnership in 2007.

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3946.55 59.25 (1.52%)
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