L&T planning to set up its missile-integrated facility: Report

In a bid to set up its missile-integrated facility, Larsen & Toubro (L&T) has reportedly shortlisted Tamil Nadu, Maharashtra and Gujarat. The company will set up the facility in a joint venture with French company MBDA, one of the world’s largest exporters of missile systems and will invest Rs 500 crore for the same.

The location will depend on which government gives the best incentive on aerospace and defence-related business.

Larsen & Toubro is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.