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L&T secures additional defence order worth Rs 447 crore

22 Jan 2013 Evaluate

Larsen & Toubro (L&T), India’s leading engineering, manufacturing & construction major has received an order valued at Rs 447 crore from the Ministry of Defence for the construction of 18 High Speed Interceptor Boats for the Indian Coast Guard. This follows the earlier contract, valued at Rs 977 crore for 36 similar vessels.

With this order, L&T is positioned as the foremost Indian shipyard in terms of capability to indigenously design and construct the largest number of Interceptor Boats for India’s Ministry of Defence. Designed and constructed by L&T entirely through in-house capability, the first of these boats has already been delivered to Indian Coast Guard.

The Interceptor Boat is a ‘planing craft’, capable of achieving speeds exceeding 40 Knots. Built with a full aluminium-alloy light-weight hull, it is powered by a twin water-jet propulsion system to enable quick response - crucial for coastal surveillance. These boats are expected to significantly enhance India’s coastal security.

Larsen & Toubro Share Price

4209.60 20.00 (0.48%)
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