Larsen & Toubro Ltd.

BSE: 500510 | NSE: LT
Large Cap | Engineering - Construction
3777.00
-6.90 (-0.18%)
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L&T launches third offshore patrol vessel

Date: 28-08-2018

Larsen & Toubro’s (L&T) Shipyard at Kattupalli has launched the third offshore patrol vessel (OPV-3). The company is currently executing the Ministry of Defence Contract of 2015 to design and construct seven OPVs and deliver them to the Indian Coast Guard 2018-2021. The company has maintained a consistent and impeccable record of delivery of Defence Ships ahead of schedule since inception.

The first of Class OPV-1 (ICGS Vikram, launched in October 2017) was handed over in April 2018 and commissioned ahead of contracted schedule. OPV-2 was launched on January 20, 2018 and is about to be handed over to the Coast Guard.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.