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L&T Shipbuilding earmarks Rs 1,500 cr for Kadipully project

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L&T Shipbuilding earmarks Rs 1,500 cr for Kadipully project

Mumbai, Sep 26 (PTI) Engineering major Larsen and Toubro (L&T)'s shipping arm, L&T Shipbuilding, has earmarked around Rs 1,500 crore to develop around 800 acres of land at Kadipully near Ennore in Chennai for expanding its vessel building capacity, a top company official said.

The Kadipully project, to make vessels primarily for defence,
would be developed in phases and the first phase will start by mid-2011, the official said on condition of anonymity.

"This would be our second manufacturing facility after Hajira (in Gujarat). We plan to make large vessels in Kadipully which cannot be made in Hajira. The facility will cater mostly to the Indian Navy," he said.L&T has acquired about 1,200 acres of land there, of which 800 acres would be used for shipbuilding activities.

It would make vessels of size 210 metres long and 46 metres in width."We plan to do a soft launch by end-this year from Kadipully facility," he said.On the company's order-book, he said the plan is to deliver eight commercial vessels and 36 interceptor boats for the Indian Coast Guard by FY 13. Of these eight, one has already been delivered and the second one would be ready by the end of this year.

L&T Shipbuilding earmarks Rs 1,500 cr for Kadipully project, IBN Live News
 
i better buy some l&t shares!!!!

@ !!craft!!
You will definitely be a gainer. Ship-building, nuclear power generation, cement apart from their usual industrial engineering. Only going to be an upward trajectory.
 
L&T is an engineering giant. If they are building a large defence shipyard than they will definitely get some orders. I wish the second line sub deal goes to them.
 
does l&t come under top 10 indian companies?

L&T is a giant, its US$ 10 billion company.

The biggest engineering company in India and L&T is acknowledged as one of the top five fabrication companies in the world.

Recently opened Delhi's IGI Airport T3 is build by L&T for GMR. This shows its quality and L&T have projects all over the world.
 
L&T is India's Bechtel.

I have always maintained that private companies consortium (headed by L&T) must be roped for more defense projects.
 
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