L&T's shipyard to become operational by Jan 2012

20 Sep 2011

Theshipyard being set up by engineering major Larsen &Toubro atKattupalli near here would become operational by January next year.The shipyard would enable India to compete globally with Japan andKorea in building large-sized warships, car carriers and submarines.The Shipyard is being set up by the company in association with theTamil Nadu Industrial Development Corporation.The company hadinvested Rs 4,000 crore for the first phase of the yard spread across1,250 acres. It can handle 18,000 tonne ships and right now, the(work on) ship-lift is nearing completion. It will be operational byJanuary 2012.

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