L&T eyes 1.5 lakh Crores orders from navy in next 4 yrs

Larsen & Toubro is eyeing orders worth Rs 1.5 lakh Crores from the Indian Navy in the next four years under the ‘Make in India’ initiative with the company being a strong contender for several major contracts which includes an upcoming contract for building an indigenous range of nuclear attack submarines, besides additional orders for nuclear missile boats and ongoing efforts to order a new class of diesel electric submarines. Besides, the naval shipbuilding sector, the company is looking at bagging a major share of missile orders worth Rs 85000 Crores to be placed by the three services..

Source: http://economictimes.indiatimes.com/news/defence/lt-targets-orders-worth-rs-1-5-lakh-crore-from-indian-navy-in-4-years/articleshow/50991229.cms

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