Indian defence company Larsen & Toubro (L&T) has signed a contract with the Indian Ministry of Defence (MoD) to supply high-speed patrol vessels to the Vietnam People's Army's paramilitary Border Guard Force.
L&T said in a filing to the Bombay Stock Exchange on 22 September that the contract is worth USD99.7 million and that it represents the company's biggest export order to date.
Design and engineering of the vessels will be undertaken at L&T's warship design centre, with construction at its Kattupalli Shipyard in Chennai. Although not confirmed by L&T, the programme is expected to feature four vessels.
L&T said the contract also includes the transfer to Vietnam of the design and related technologies as well as equipment and materials that will enable the construction of follow-on vessels at an unspecified Vietnamese shipyard.
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