Infrastructure and engineering company Larson and Turbo (L&T) will invest
between Rs1,500 crore and Rs2,000 crore in a new greenfield shipbuilding venture.
The company is looking
at the coastline of Tamil Nadu, Andhra Pradesh and Gujarat for setting up the
has a shipbuilding yard at Hazira in Gujarat. The company is scouting around for
a different location, as there is little scope for expansion of the Hazira unit.
It requires about 1,000 acres along the coastline with adequate depth close to
recently bagged a Rs440-crore order from Rotterdam-based Zadeko Ship Management
CV to build four ships.
caters to special purpose cargo movement.
also has plans to build ships for the Navy and Coast Guard.
new shipbuilding unit will have capability to make all types of vessels, including
ones such as CNG, LNG carriers and containers of up to 3 lakh deadweight tonnes