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L&T bags order worth $99.7 million from Vietnam Border Guard

Agent_47

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Larsen & Toubro (L$T) has signed the principle contract with Vietnam Border Guard valued at $99.7 million for design and construction of high speed patrol vessels in India as well as for transfer of design and technology along with supply of equipment and material kits for construction of follow-on vessels at a Vietnam shipyard.

The high-speed patrol vessels are purpose-built for controlling and protecting sea security and sovereignty, detecting illegal activities such as smuggling, and undertaking search and rescue missions. Constructed of Aluminium alloy, the vessels are about 35 metres long and can clock a speed of 35 knots with state-of-the-art navigation and surveillance equipment and self-defence capabilities on board.

Larsen & Toubro is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.

http://money.livemint.com/news/comp...million-from-vietnam-border-guard-491864.aspx

Larsen & Toubro (LET), one of India’s leading engineering and construction company said it has signed a$99.7 million project with Vietnam Border Guard to design and construct high speed patrol vessels in India.

The contract also envisages transfer of design and technology along with supply of equipment and material kits for construction of follow-on vessels at a Vietnam shipyard.

L&T won the tender which was floated back in 2015 by Vietnam’s Ministry of Defence.

The high-speed patrol vessels are purpose-built for controlling and protecting sea security and sovereignty, detecting illegal activities such as smuggling and undertaking search and rescue missions, said the company.

Constructed of Aluminium alloy the vessels are about 35 metres long and can clock a speed of 35 knots with a state-of-the-art navigation and surveillance equipment and self-defence Capabilities on board, the company added.

Earlier in 2015, a tender was floated by Vietnam’s Ministry of Defence for the Patrol Boats and six shipyards (L&T, MDL, GRSE, erstwhile Pipavav, ABG and PEC) from India participated in the bid. The MoD-Vietnam shortlisted three shipyards and undertook an extensive assessment of their design and engineering capabilities, yard infrastructure, track record and financial health. L&T qualified on all the parameters and was selected from among the six for the prestigious export contract.

L&T is presently executing Indian MoD contracts for design and construction of 54 Interceptor Boats (IBs) for Indian Coast Guard, out of which 28 IBs have already been delivered with the last boat having been delivered two years ahead of schedule. L&T is also executing orders for design and construction of seven Offshore Patrol Vessels for the Indian Coast Guard against a contract of Rs.1432 Crores and a Floating Dock for the Indian Navy with a contract value of Rs.468 Crores.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with USD 1.6 billion in revenue.

The move has come in the wake of heightened defence cooperation between Vietnam and India.

http://rtn.asia/r-r/23045/lt-wins-99-7-million-vietnam-defence-project
 
Good to see Indian private sector take bold steps in exporting weapons system. Its a very good sign . Especially if the order is close to a Billion $.
 
Its actually 100m$. But not a bad start anyway.

oops ... read that as 997 million. Still as you said , it will not look bad in the account book. More importantly, it opens up avenues for export to other nations since now they have a reference customer.
 
you cant even build that! thats why your buying knocked off cars from china! so stop throwing stones when your living in a glass house!
What a Indian looser we already make boats

And we export too. To sri lankan. We are building many things buddy... Don't be butt hurt by our warships

Good to see Indian private sector take bold steps in exporting weapons system. Its a very good sign . Especially if the order is close to a Billion $.
It's only 90 mil. Not even hundred
 
What a Indian looser we already make boats

And we export too. To sri lankan. We are building many things buddy... Don't be butt hurt by our warships


It's only 90 mil. Not even hundred

Warships ? And Pakistan and we are jealous ?

Our coastguard has a better fleet than your navy , we don't need to envy your navy and shipbuilding.
 
What a Indian looser we already make boats

And we export too. To sri lankan. We are building many things buddy... Don't be butt hurt by our warships


It's only 90 mil. Not even hundred

yeah what Noah's Ark is it? please save your rhetoric! and PS someone else is building a noah's ark as well!
 
Unnecessary escalation by India. Why should we stop our nuclear weapon production? :sick:
 
Now Now Now..... Let me enlighten You

We gave credit limit of 500 Million to Vietcoms....
They Picked L&T for order -- Smart Boys!!
 
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