Engineering and construction major Larsen & Tuobro has short listed three locations for its next shipyards on which the company will invest up to Rs 2,000 crore.
The new shipyards will be focusing on three segments. One will be for defense ship production, another for niche commercial applications like CNG and LNG carriers while the third activity would be for ship repairing. With the government allowing private sector participation in defense contracts, the company has been eyeing orders from the Indian navy. L&T already has a shipyard at Hazira in Gujarat, which is mainly into building of specialized vessels like survey ships, offshore and multi-support vessels. The company had won its first order for shipbuilding last year from Dutch company Zadeko Ship Management CV for 98 million dollars.
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