Larsen & Toubro (L&T), India’s largest engineering and Construction Company, is looking to build its order book of Rs 2000 crore over next two years. The company is having presence in defence equipment space for 3 decades. The company was working closely with DRDO for building defence equipment. At present, the company is building 54 interceptor boats for Indian Coast Guard.
Recently, the company has announced that it is competing for defense contracts worth up to Rs 8,000 crore, which will be awarded in the next few months. Among others, the company has placed bids for four contracts from the Indian coast guard worth about Rs 4,000 crore for supplying training ships and support vehicles, the orders of which are likely to be finalized in the next six months.
L&T is a $13.5 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.