L&T wins significant order for Part Construction of Two Fleet Support Ships

Precision Engineering Systems business vertical of Larsen & Toubro has won a prestigious order for part construction of Two Fleet Support Ships (FSS) from M/s Hindustan Shipyard Limited (HSL), with Indian Navy being the end user of the vessels.

Indian Navy had signed a contract with HSL for design and construction of Five FSS for the Indian Navy in August 2023.

FSS are specialized naval vessels, which provide logistics and material support to the naval task force at sea. With more than 220 meter in length and approx. 45,000 Ton displacement, FSS would be amongst the largest vessels in the Indian Naval Fleet.

In line with GoI's vision of "Aatmanirbhar Bharat", these first-of-its kind vessels to be built in domestic Yards, will be concurrently constructed by both the shipyards to meet the challenging delivery timelines. This collaborative approach in shipbuilding will serve as a cornerstone for achieving strategic national objectives of rapidly enhancing the Indian Naval fleet while driving economic activity and technological advancement in India's maritime domain.

In little over a decade from the receipt of L&T's first defence shipbuilding order in March 2010, L&T has in-house designed, constructed and delivered more than 70 defence vessels exemplifying its 'Make in India' capabilities, with the remarkable achievement of delivering most of these vessels either ahead or on schedule.

L&T will construct the two Fleet support ships at its greenfield shipyard at Kattupalli, near Chennai on the east coast of India. It is India's most modern shipyard, designed in-house and built to globally benchmarked technological practices.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 3630.60 as compared to the previous close of Rs. 3628.45. The total number of shares traded during the day was 122328 in over 9779 trades.

The stock hit an intraday high of Rs. 3645.05 and intraday low of 3594.90. The net turnover during the day was Rs. 443002555.00.

Source : Equity Bulls

Keywords

LarsenandToubro INE018A01030 PrecisionEngineeringSystems OrderWin TwoFleetSupportShips HindustanShipyard IndianNavy