Engineering major Larsen & Toubro (L&T) today said it has played a critical role in building India’s first nuclear powered submarine, which was launched today.

Based on the design provided by the Navy and Defence Research and Development Establishment (DRDO), L&T’s submarine design centre carried out detailed engineering, using the latest 3D modeling and product data management software, said a press release.

Also Read   Related Stories News Now - L&T Finance mulls foray into asset mgmt, insurance - Recovery hopes in early results - Crossing 4,390 key for the rally - Larsen & Toubro: Order book woes - L&T hopes to secure 25% order growth in current fiscal - L&T Q1 net zooms on UltraTech stake sale

Also Read   Related Stories News Now - Markets end on a strong note - Nabard FY14 operating surplus soars 28% to Rs 1,635 cr - RBI eases banks' term deposit restrictions - NMDC Q4 net down 21.74% to Rs 1,642.28 cr - Balrampur Chini Q4 profit up by 15% More

Building the first nuclear submarine was the latest milestone in L&T's association with the Indian Navy and the DRDO. L&T was looking forward to building more submarines and warships, he said.

In May, the company had entered into an agreement to float a joint venture (JV) with the largest defence equipment maker in Europe, EADS Defence and Security, to tap the Rs 50,000 crore Indian defence market. The JV is to design, develop and manufacture electronic warfare equipment, radars, military avionics and mobile systems for military requirements. L&T was planning to invest about Rs 2,000 crore over the next three years on defence-related business, Naik had said.

In addition to being the country’s first nuclear-powered indigenous submarine, the new vessel is also the largest and heaviest vessel ever built in India. L&T made the single largest contribution in the construction of this vessel, right from the stage of plate cutting to launch, said the release.

L&T also has co-operation agreements with three major nuclear reactor makers. These are Atomstroyexport (ASE), part of Rosatom of Russia, Toshiba Westinghouse of the US and Atomic Energy of Canada (AEC). The company is also in talks with General Electric Hitachi of the US and Areva of France.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end on a strong note - Nabard FY14 operating surplus soars 28% to Rs 1,635 cr - RBI eases banks' term deposit restrictions - NMDC Q4 net down 21.74% to Rs 1,642.28 cr - Balrampur Chini Q4 profit up by 15%

Tags : L&T | India's first nuclear submarine | Larsen & Toubro | DRDO | defence   Read Business news in  Advertisements -  Journey on, We are by Your Side. Click here to know more -  2 Lac Apartments, 1 Lac House / Plots. Click here -  Help a Child Achieve her. Click to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  Learn How One City is Running on FOOD SCRAPS. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More