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L&T's shipyard likely to be operational by January 2012

20 Sep 2011

Engineering major, Larsen &Toubro’s (L&T) shipyard at Kattupalli will become operational by January next year. The shipyard will facilitate India to compete globally with Japan and Korea in building large-sized warships, car carriers and submarines.

The company has set up this shipyard in association with the Tamil Nadu Industrial Development Corporation and it had invested Rs 4,000 crore for the first phase of the yard spread across 1,250 acres. The shipyard is going to be a monster of facilities, it can handle 18,000 tonne ships and right now, the (work on) ship-lift is nearing completion. 

Recently, Larsen & Toubro has bagged new orders worth Rs 1015 crore in the building and factories segment during the second quarter of FY2012. Of which, the company has secured order worth Rs 692 crore in the commercial building segment from reputed clients for the development of IT campuses and for the construction of a commercial establishment.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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