L&T To Invest ₹500 Cr In Missile-Integrated Facility


L&T

Larsen & Toubro has shortlisted Tamil Nadu, Maharashtra and Gujarat to set up its missile-integrated facility at an investment of around ₹500 crore, in a joint venture with French company MBDA, one of the world’s largest exporters of missile systems.

“The location will depend on which government gives the best incentive on aerospace and defence-related business,” said Jayant D Patil, Whole Time Director (Defence Business), L&T.

In February, L&T formed a joint venture with MBDA to develop missile systems, and supply anti-tank guided missiles for coastal batteries and high-speed target drones. “We believe in future all missiles will be built within the country,” Patil told newspersons after the launch of Offshore Patrol Vessel (OPV) 1 for the Indian Coast Guard.

Built at the L&T Shipbuilding in Kattupalli, north of Chennai, the OPV 1, named Vikram, is the first of seven such vessels to be delivered by L&T to the Coast Guard, with the total contract valued at ₹1,432 crore.

155-52 calibre gun 

Patil said L&T has the capability to build a full-fledged battle tank, which will be built at the company’s new tank-building factory at Hazira in Gujarat. India’s first 155-52 calibre gun will be delivered from Hazira plant by end of this financial year, he said.

L&T also hopes to get orders for the Futuristic Infantry Combat Vehicle, for which a decision is likely to be announced by the government soon, he said. Read More…

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