L&T Shipbuilding

With nearly ₹70,000 cr in incentives, India eyes a bigger slice of the $150 bn global shipbuilding market

The ₹20,000 crore shipbuilding cluster programme aims to enable a shipbuilding ecosystem in India by fiscal and policy support measures

The Adani Group's undisclosed shipbuilding initiative is embedded within Mundra Port's Rs 45,000 crore expansion plan, recently cleared by environmental authorities

L&T's Kattupalli shipyard took just 36 months to build and deliver the offshore patrol vessel, even though this was the first OPV it had ever built

The company has acquired the stake for Rs 32.74 crore from TIDCO, which held three per cent in the company

'Make in India' should not be just a slogan but also practiced in essence, says B Kannan

Mumbai, 20 December With domestic defence and shipbuilding order flow drying, L&T Shipbuilding will be focusing on doubling its export revenue share by 2021-22."We will be done with all our orders in 2019, once we finish the seven offshore patrol vessels (OPVs) order the same year," Jayant D Patil, senior executive vice-president (defence) told Business Standard. "Since there is no revenue visibility from the domestic market (defence and shipbuilding) in the next two years, we will be scouting far more aggressively in the export market and increase our dependency on export orders." Patil is also a wholetime director on the L&T board.Currently, of the total revenue stream in L&T's shipbuilding segment, exports contribute six to seven per cent. However, by 2021-22, the aims is to raise the export order contribution to 15-20 per cent.L&T Shipbuilding is part of the $17-billion Larsen & Toubro, the engineering and technology giant. It has two main revenue streams, ...

Company is also expecting revenues to the tune of Rs 3,000 crore over the next three years