L&T bags Rs 668-crore contract for high speed patrol vessels from Vietnam

In keeping with the Government of India’s Make in India policy, complete design and engineering of these vessels will be undertaken at L&T’s dedicated warship design centre with the vessels being built at L&T’s Kattupalli Shipyard, off Chennai. 

“The contract is a testimony to L&T’s world-class technological capabilities. We hope for the contract to pave the way for stronger bilateral ties between India and Vietnam,” commented S N Subrahmanyan, president and deputy managing director of L&T.

Earlier in 2015, a tender was floated by Vietnam’s Ministry of Defence (MoD) for the patrol boats and six shipyards (L&T, MDL, GRSE, erstwhile Pipavav, ABG and PEC) from India participated in the bid. The MoD-Vietnam shortlisted three shipyards and undertook an extensive assessment of their design and engineering capabilities, yard infrastructure, track record and financial health. L&T qualified on all the parameters and was selected from among the six for the prestigious export contract. 

L&T is presently executing Indian MoD contracts for design and construction of 54 interceptor boats (IBs) for Indian Coast Guard, out of which 28 IBs have already been delivered with the last boat having been delivered two years ahead of schedule. L&T is also executing orders for design and construction of seven offshore patrol vessels for the Indian Coast Guard against a contract of Rs 1,432 crores and a floating dock for the Indian Navy with a contract value of Rs 468 crores.