HOME > BUSINESS > L&T wins $99.7 million Vietnam defence project

L&T wins $99.7 million Vietnam defence project

larsenLarsen & Toubro (LET), one of India’s leading engineering and construction company said it has signed a$99.7 million project with Vietnam Border Guard to design and construct high speed patrol vessels in India.

The contract also envisages transfer of design and technology along with supply of equipment and material kits for construction of follow-on vessels at a Vietnam shipyard.

L&T won the tender which was floated back in 2015 by  Vietnam’s Ministry of Defence.

The high-speed patrol vessels are purpose-built for controlling and protecting sea security and sovereignty, detecting illegal activities such as smuggling and undertaking search and rescue missions, said the company.

Constructed of Aluminium alloy the vessels are about 35 metres long and can clock a speed of 35 knots with a state-of-the-art navigation and surveillance equipment and self-defence Capabilities on board, the company added.

Earlier in 2015, a tender was floated by Vietnam’s Ministry of Defence 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.1432 Crores and a Floating Dock for the Indian Navy with a contract value of Rs.468 Crores.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with USD 1.6 billion in revenue.

The move has come in the wake of heightened defence cooperation between Vietnam and India.

 

Follow ULTRA.news
Kannur Airport: 95% of airside, 90% of cityside work completed Kerala's fourth international airport at Kannur is very close to completion, with 95% of the airside works and 90% of cityside work completed, the government said today.Airside refers to the runway, bays, traffic control tower and so on, while city-side works refer to civilia...
SN Subrahmanyan takes over as Larsen & Toubro CEO Larsen & Toubro Deputy Managing Director and President S.N. Subrahmanyan has taken over as CEO and Managing Director with effect from today.SN SubrahmanyanHe has been on the company's board since 2011 and was named the new CEO in April this year.At the meeting on Apr...
Larsen & Toubro wins Aurangabad, MMRDA orders worth Rs 2,552 cr Construction major Larsen & Toubro said its transportation infrastructure and water effluent treatment businesses have jointly bagged an engineering, procurement and construction order worth Rs 1,223 cr from Aurangabad Industrial Township Limited (ATL).The scope of work incl...
Larsen & Toubro reports 12% increase in sales, 30% in profit Larsen & Toubro recorded revenue of Rs 36,828 crore for the final quarter of the financial year, recording an increase of 12% on a y-o-y basis.The overall PAT for the quarter January to March 2017 stood at Rs 3,025 crore higher by 29.5%, as compared to Rs 2,335 crore reco...
L&T wins largest ever private sector defence order, to supply K9 VAJRA-T guns Engineering conglomerate Larsen & Toubro entered into a contract with the Ministry of Defence, Government of India to supply of 100 units of 155mm, 52 calibre Tracked Self-Propelled Gun systems to the Indian Army.The contract valued at about ₹ 4500 crore, is the largest o...
Larsen & Toubro Infotech changes to ‘LTI’ as it seeks an independent identity Larsen & Toubro Infotech, which started out as a unit of construction major L&T, has rebranded itself, dropping its parent's name from its own and projecting a more independent brand.The new logo reads 'LTI' in blue, bold letters with the tagline 'Lets Solve', and the new br...
L&T wins 500 cr building automation contract for Doha Metro One of Larsen & Toubro's units in the United Arab Emirates has won a Rs 500-cr order to supply building automation and control systems for 37 stations of the upcoming Doha Metro in Qatar, the company said.The contract involves installation, testing, integration, commissioning...
Shoppers Stop opens new MAC outlet in Malad, Mumbai Retailer Shoppers Stop Ltd. said it has opened one ´M.A.C´ branded outlet at at Inorbit Mall in Malad, Mumbai.With the opening of this store the company now has 41 M.A.C stores under its operations.Shoppers Stop is an Indian retailing company promoted by the K Raheja Corp...
Mukta Arts opens premium design school in India with ECV France Mukta Arts said its subsidiary Whistling Woods International Ltd has opened its 8th school -- Whistling Woods International School of Design -- in association with ECV, a design school in France. The École de communication visuelle or ECV is a French private design school.The...
Mahindra opens spare parts warehouse in Mahindra World City, Jaipur Mahindra & Mahindra Ltd said it opened a spare parts warehouse in Mahindra World City, Jaipur."It is one of the largest warehouses in the country and the company’s first in northern India, it will cater to the requirement of Mahindra customers in north and north western reg...
Emgee Group to build apartments priced at Rs 8-12 lakh near Mumbai Emgee Group, known for its high-end properties, said it is planning to enter the affordable homes segment by building homes in price range of Rs 8 lakh to Rs 14 lakh with a configuration of 300 sq ft to 500 sq ft each unit.With this venture the company aims to help home-b...
Crossword opens at Viviana Mall, Mumbai Viviana Mall, one of the leading retail malls in Mumbai Metropolitan Region, said the bookstore Crosswors has opened its 1800 sq ft store in the mall.Crossword currently has 94 stores (50 own stores and 44 Franchised stores) spread in different cities across India. It is a wh...
Mindtree opens new Salesforce facility in Germany IT services provider Mindtree said it launched a new salesforce facility in Munich, Germany.This salesforce centre of excellence is anchored by Magnet 360, a salesforce partner and wholly-owned subsidiary of Mindtree.Salesforce is the world’s leading pureplay cloud player...
Inox Multiplex starts operations at Mumbai’s Metro House Cinema InoX Leisure Ltd said it launched the commercial operations at Mumbai's iconic Metro House cinema.The new multiplex has 6 screens and 1491 seats.The multiplex operator had won the lease for the building a little more than a year ago. Metro House was shut in 2014, 79 years...
Zensar wins Oracle deal from US catalog retailer Full Beauty IT services provider ZenSar Technologies said it won a contract to implement Oracle Applications Release 12 to tranform the financial and procurement processes of e-commerce and catalog retailer Full Beauty Brands .FullBeauty Brands is a leading American plus-size women's and...
Rajesh Exports starts second phase of retail expansion with Bangalore Gold Jewellery exporter, Rajesh Exports Ltd said it launched its 81st retail showroom under it's brand name ´Shubh Jewellers´ at Bangalore.“With this launch the company has launched it's second phase of retail expansion. The company in the second phase of retail expansion has...
India adds 1,732 MW of hydro-power capacity Prime Minister Narendra Modi inaugurated three hydro-electric projects in Himachal Pradesh, representing 1,732 MW of generating capacity, to the nation today.The biggest of the three is NTPC's Koldam, which has four generating units of 200 MW each. The second biggest was Par...
V2 Retail opens its 32nd store in Sitamarhi, Bihar Value retailer V2 Retail Ltd. said it has opened a new retail store at Sitamarhi, Bihar.By this launch V2 retail currently has 32 operational retail stores across the country.V2 Retail Limited is a retail company in India.It offers more than 70,000 products including...
L&T Construction wins Rs 3799 Cr railway order Larsen & Tubro said the transportation infrastructure business of L&T construction won a contract worth Rs 3,799 cr from the Dedicated Freight Corridor Corporation of India Ltd. This contract has been secured by a consortium of Larsen and Toubro Ltd and Sojitz Corp.,Japan...
L&T partners with Microsoft to set up “Green Campuses” L&T Technology Services, the information technology company of the L&T group, said it has partnered with Microsoft Corporation to offer a solution to lower energy bills and cost of maintenance.L&T Technology Service's Integrated Building Energy Management Syst...
Gayatri Projects wins Rs 926 cr order in Bihar, to be funded by Japanese company Gayatri projects, a highway infrastructure company, said it has won a Rs 926 crore four-laning project of NH 82 in Bihar to be funded by Japan International Coorporation Agency.The project will cover the Gaya-Hisua-Rajgir-Nalanda-Biharsharif route of NH 82 in Bihar, said ...
L&T wins projects for Rs 6,024 crores, 40% orders from Middle East Larsen & Toubro, a leading Indian infrastructure company, said it has won projects worth Rs 6,024 crores across various business segments, including some in the Middle East.Out of theRs 6,024 crores, Rs 2,501 crores worth of projects were from the Middle East.The peri...
Suzlon wins cumulative orders of 111.3 MW projects in August-September Renewable energy company Suzlon Group said it has won orders for a combined capacity of 111.30 MW in August and September, which includes Serum Institute of India Ltd, Rajasthan Gum Group."The corporate and SME orders have been received from mixed bag of customers across dive...
Godrej Properties to build new project on Sarjapur Road in Bangalore Godrej Properties Limited, one of India's real estate developers, said it has acquired a land of approximately 12 acres off Sarjapur Road in South Bangalore to develop a residential housing project of approximately 92,900 sq. mtrs.The project is located close to the commercia...
Shriram EPC wins Rs 74 crore water supply project in Chennai Shriram EPC Limited (SEPC), a construction and project management company, said it has won a project for Rs 74 crores from Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB) for providing water to Pallikaranai and Mugalivakkam areas in Chennai.The project will be c...