29.35 (0.78%) Larsen & Toubro’s (L&T) state-of-the-art Kattupalli Shipyard near Chennai has been undertaking voyage repairs of the Military Sealift Command vessels. After elaborate assessment by the US Navy and the Military Sealift Command, the Shipyard qualified for the Master Shipyard Repair Agreement (MSRA). This is equivalent to undertaking warship refits, for which the Shipyard has already been qualified by the Indian Navy and the Coast Guard.
The agreement marks yet another step in the growing relationship between the biggest and the oldest democracies of the world, further strengthening the strategic partnership between them in the defence sector.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.