Kattupalli, Chennai, August 17, 2017: Larsen & Toubro has delivered two more High Speed Interceptor Ships (C-433 and C-434) to the Indian Coast Guard at the Company's Kattupalli Shipyard, near Chennai, seven months ahead of contractual schedule. This is part of the two contracts being executed by L&T for design and construction of 54 Interceptors to Indian Coast Guard, valued at Rs. 1424 Cr. L&T had won the order against global competition. With these two, 34 Interceptors have been delivered by the Company, so far.
Made of aluminum alloy hull with waterjet propulsion, these Ships have a speed of over 45 knots with excellent maneuverability and are ideally suited for high interception.
Drawing attention to the Government of India's recent approval of Rs. 318 Bn for a definitive action plan to bolster the force levels of the Indian Coast Guard, Mr. S.N. Subrahmanyan, CEO and Managing Director, Larsen & Toubro, said: "We appreciate the urgent need of Indian Coast Guard to augment coastal security in these turbulent times. Our production is over a year ahead of schedule, and we are ready to deliver the remaining 20 vessels to the Coast Guard at any time suiting their operational requirements."
Mr. J.D. Patil, Senior Executive Vice President (Defence) & Whole time Director, Larsen & Toubro, said: "Besides the Interceptor Vessels Program, L&T has also been mandated by the Coast Guard to design and build seven Offshore Patrol Vessels (OPVs). The construction of OPVs is on schedule and the launch of first OPV is slated for next month."
"All these ships constructed by L&T are designed in-house and we are committed to the Make-in-India vision of the Government with homegrown design and build technologies, and are in the process attaining indigenous content in excess of the policy stipulations. Towards this, a number of marine equipment and systems are also developed and built in-house. The deliveries re-affirm L&T's capabilities to consistently execute and deliver Defence projects on time using indigenous design and technologies. From design to construction to refits, we are a total life cycle partner to the Indian Navy and Coast Guard for range of Naval Platforms, Equipment & Systems across the Fight, Move and Float segments."
On 20th June 2017, L&T launched the Floating Dock for the Indian Navy, a giant platform, and currently trials are in progress for on-time delivery to the Indian Navy before November 2017.
"L&T is committed to nation building across sectors of our operations. Over the past three decades of our presence in the Defence Sector, we have built a range of capabilities and have invested in creating dedicated work centers spread across eight locations in India. With the globally benchmarked, state-of-the-art facilities at Kattupalli Yard, we look forward to continue to serve the Indian Navy and the Coast Guard in endeavors of national capability building," Mr. Patil added.
L&T has till date completed repairs and refits of Naval and Coast Guard ships, and has delivered six refit ships (including the largest logistics tanker ship) from its shipyard at Kattupalli, dedicated to Defence Shipbuilding.
L&T was licensed for Warship and Submarine building in the year 2002 and has shipbuilding yards at Hazira (near Surat) on the West Coast and at Kattupalli (near Chennai) on the East Coast.
Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with USD 17 billion in revenue. It operates in over 30 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for over seven decades.