L&T SIGNS CONTRACT WITH VIETNAM FOR HIGH-SPEED PATROL VESSELS
L&T has signed the principal contract with Vietnam Border Guard valued at $99.7 million for design and construction of high-speed patrol vessels in India. It also includes transfer of design and technology along with supply of equipment and material kits for construction of follow-on vessels in Vietnam. The high-speed patrol vessels are specially built for controlling and protecting sea security and sovereignty, detecting illegal activities such as smuggling, and undertaking search and rescue missions. Constructed of aluminium alloy, the vessels are about 35 m long and can clock a speed of 35 knots with state-of-theart navigation and surveillance equipment and self-defence capabilities on board.
L&T is also executing orders for design and construction of seven offshore patrol vessels for the Indian Coast Guard against a contract of ` 1,432 crore (about $220.3 million) and a floating dock for the Indian Navy with a contract value of ` 468 crore (about $72 million).