Larsen & Toubro Ltd.

Larsen & Toubro (L&T) and Samsung Techwin (STW) have secured order worth Rs 4,875 crore ($750 million) for supplying the Indian Army with 100 self-propelled (SP), tracked howitzers. The contract falls under the Buy Global category of procurement, which provides for over-the-counter sales of ready-built defence equipment.

L&T has pursued its relationship with STW strategically, ever since the two sides struck up a partnership in 2007.