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Posted on Jan 22, 02:26PM | IBNS
Larsen and Toubro (L and T), India's leading engineering, manufacturing and construction major, on Tuesday said it has received an order valued at '447 crores from the Ministry of Defence for the construction of 18 High Speed Interceptor Boats for the Indian Coast Guard.
This follows the earlier contract, valued at ' 977 crores, for 36 similar vessels.
With this order, L and T is positioned as the foremost Indian shipyard in terms of capability to indigenously design and construct the largest number of Interceptor Boats for India's Ministry of Defence, said the company.