MoneyWorks4Me

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.

Peers
Company Name CMP
Larsen & Toubro 3620.50
Kalpataru Projects 1403.00
NCC 119.95
Rail Vikas Nigam 187.10
KEC International 349.85
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