Mumbai: India’s largest engineering firm Larsen & Toubro will be the first company to set up a major state-of-the-art ship building yard at a cost of Rs1,500 crore.
“We will announce the details of the project in one or two months,” a top company official said adding the company has identified three locations in Tamil Nadu, Andhra Pradesh and Gujarat, of which one would be selected.
L&T is already into ship building at Hazira, Gujarat, but the area there is not adequate for expansion and for making large ships.
The new greenfield Rs1,500-crore ship building yard would come up on a 1,000 acre area and have capability to make all types of ships, including high tech such as CNG, LNG carriers and containers upto 3 lakh dead weight tonne (DWT), L&T senior vice-president MV Kotwal said.
Though India has 28 ship building yards, the largest ship built in the country is 45,000 DWT in Kochi Shipyard and none of them have the capability to manufacture high tech or sophisticated ships.
The L&T shipyard would have the capability of manufacturing any type of ship, including Frigates and Destroyers for Navy and Coast Guard.
The three locations identified are Chennai, Kakinada and Mundhra and the project, once finalised in the next few weeks, will be commissioned by 2009-2010.