L&T bags Rs 1,432 cr defence order

Larsen & Toubro today said it has bagged a contract worth Rs 1,432 crore from the Defence Ministry for design and construction of seven offshore patrol vessels for the Indian Coast Guard.

Offshore Patrol Vessels (OPVs) under the project are long range surface ships, capable of operation in maritime zones of India, including island territories with helicopter operational capabilities.

Their roles include coastal and offshore patrolling, policing maritime zones of India, control and surveillance, anti-smuggling and anti-piracy with limited wartime roles.

"In keeping with the government's 'Make in India' focus, complete design and engineering of OPVs is planned to be undertaken in-house at L&T's Warship Design Centre," Larsen & Toubro (L&T) said in a filing to BSE.

The first OPV under the project is scheduled to be delivered within 36 months from the signing of the contract. Subsequently, OPVs will be delivered at six month interval, it said.

L&T is already executing Defence Ministry's contracts for design and construction of 54 fast interceptor boats (IBs) for the Indian Coast Guard. 25 IBs have already been delivered so far. The company is targetting to complete delivery of all boats far ahead of schedule.