India's Larsen & Toubro wins contract to deliver patrol vessels to Vietnam

23 September 2016

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.

Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options

(156 of 377 words)

Industry Links

IHS Jane's is not responsible for the content within or linking from Industry Links pages.