Mumbai, April 11: India's largest engineering firm
Larsen & Toubro will be the first company to set up a major
state-of-the-art ship building yard at a cost of Rs 1,500
crore.
"We will announce the details of the project in one or
two months," a top company official told, adding the
company has identified three locations in Tamil Nadu, Andhra
Pradesh and Gujarat, of which one would be selected.
L&T is already into ship-building at Hazira, Gujarat, but
the area there is not adequate for expansion and for making
large ships.
The new Greenfield Rs 1,500 crore ship-building yard
would come up on a 1,000 acre area and have capability to make
all types of ships, including high tech such as CNG, LNG
carriers and containers upto 3 lakh dead weight tonnes (DWT),
L&T senior vice-president MV Kotwal said.
Though India has 28 ship-building yards, the largest ship
built in the country are 45,000 DWT in Kochi shipyard and
none of them have the capability to manufacture high tech or
sophisticated ships.
The L&T shipyard would have the capability of
manufacturing any type of ship, including frigates and
destroyers for Navy and coast guard.
The three locations identified are Chennai, Kakinada and
Mundhra and the project, once finalised in the next few weeks,
will be commissioned by 2009-2010.
Bureau Report