Construction major, Larsen & Toubro’s (L&T), subsidiary L&T Shipbuilding (LTSB), is planning to raise up to Rs 3,000 crore through non-convertible debentures (NCDs). It will be using these NCD proceeds to repay its existing bank credit.
L&T Ship Building’s shipyard at Katupalli, North of Chennai, is scheduled to begin commercial operations in the current quarter. The company is a 97:3 joint venture between L&T and Tamil Nadu Industrial Development Corporation.
The company was set up to develop a shipyard for the construction and repair of defence and commercial vessels and to set up a minor port with an annual container handling capacity of 1.2 million twenty-foot equivalent units.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4075.75 |
| Rail Vikas Nigam | 298.75 |
| NCC | 160.00 |
| KEC International | 584.40 |
| Kalpataru Projects | 1248.95 |
| View more.. | |
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