-65.00 (-1.69%) Larsen & Toubro (L&T) has launched a Floating Dock (FDN-2) designed and built for the Indian Navy at the company's Greenfield shipyard at Kattupalli, near Chennai. This marks a significant achievement for L&T's Shipbuilding arm in Design, Construction and Project Management of Defence Vessels.
L&T was mandated by the Ministry of Defence in May 2015 to design and build the FDN-2 for an order value of Rs 468 crore. The Floating Dock will be delivered at Port Blair well within contracted schedule, reaffirming L&T's capabilities to execute and deliver Defence projects on time using Indian design, indigenous technologies and construction skills.
Larsen & Toubro (L&T) is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.