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L&T fast-tracks production of ships for Indian Coast Guard

04 Jul 2018 Evaluate

Larsen & Toubro (L&T) has fast-tracked production of ships for the Indian Coast Guard and has laid keels for two vessels on July 03, 2018, while system integration is on in two others slated for launch this year.

The company is building a series of in-house designed seven new generation offshore patrol vessels (OPVs) for the Indian Coast Guard against a 2015 contract stipulating deliveries between 2018 to 2021.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.

Peers
Company Name CMP
Larsen & Toubro 3830.15
Kalpataru Projects 1399.50
NCC 135.65
Rail Vikas Nigam 201.15
KEC International 401.55
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