L&T bags 'significant' order from Hindustan Shipyard

New Delhi: Larsen & Toubro (L&T) on Tuesday said it has bagged a 'significant' order from Hindustan Shipyard Ltd (HSL) for part construction of two Fleet Support Ships (FSS).

PSU Watch is now on Whatsapp Channels. Click here to join

Orders in the range of Rs 1,000 crore to Rs 2,500 crore range are classified as 'significant' by the company.

"Precision Engineering Systems business vertical of Larsen & Toubro (L&T) has won a prestigious order for part construction of two Fleet Support Ships (FSS) from Hindustan Shipyard Ltd (HSL), with Indian Navy being the end user of the vessels," the company said in a filing to BSE.

Indian Navy had signed a contract with HSL for the design and construction of five FSS for the Indian Navy in August last year.

FSS are specialised naval vessels, which provide logistics and material support to the naval task force at sea. With more than 220 metre in length and approximately 45,000 tonne displacement, FSS would be amongst the largest vessels in the Indian Naval fleet.

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

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)