Engineering and construction major, Larsen & Tuobro has shortlisted three locations for its next shipyards on which the company will invest up to Rs 2,000 crore.
“We are in a position to finalise the locations for our shipyards. We have shortlisted Kakinanda in Andhra Pradesh for one of the shipyards and two others are near Chennai (Tamil Nadu) and Mundra (Gujarat),” L&T senior executive vice-president (heavy engineering), Mr MV Kotwal said.
He said, the company expects to finalise the locations in the next few months and would take “another two and half years for the new shipyard to be operational”.
Asked about the investments on the new shipyards, Mr Kotwal said that L&T would invest between Rs 1,500 crore and Rs 2,000 crore.
“The new shipyards will be focusing on three segments. One will be for defence ship production, another for niche commercial applications like CNG and LNG carriers while the third activity would be for ship repairing,” he added.
With the government allowing private sector participation in defence 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 specialised vessels like survey ships, offshore and multi-support vessels.
“We are in a position to finalise the locations for our shipyards. We have shortlisted Kakinanda in Andhra Pradesh for one of the shipyards and two others are near Chennai (Tamil Nadu) and Mundra (Gujarat),” L&T senior executive vice-president (heavy engineering), Mr MV Kotwal said.
He said, the company expects to finalise the locations in the next few months and would take “another two and half years for the new shipyard to be operational”.
Asked about the investments on the new shipyards, Mr Kotwal said that L&T would invest between Rs 1,500 crore and Rs 2,000 crore.
“The new shipyards will be focusing on three segments. One will be for defence ship production, another for niche commercial applications like CNG and LNG carriers while the third activity would be for ship repairing,” he added.
With the government allowing private sector participation in defence 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 specialised vessels like survey ships, offshore and multi-support vessels.