L&T Shipbuilding is eyeing around Rs 9,000 crore orders over the next three years, mostly from the navy.
With two facilities at Kattupalli near Chennai and Hazira in Gujarat, the company is expecting to bag at least Rs 9,000 crore worth of orders over the next three years, largely because of the Government of India’s ambitious Make in India initiative.
The company is also expecting to bag one contract to develop amphibious assault ships, also called landing platform docks (LPD).
"While bids for some contracts are already prepared, some may be finalised in the coming months. Some of these orders were the ones which were to be handed out between 2013 and 2015 but have been delayed and have now started moving. We expect there will be momentum from next year and some more ship orders will be coming in," B Kannan, Chief Executive and Managing Director, L&T Shipbuilding.
It must also be noted that the defence ministry has issued an RFP for developing four such LPDs, out of which two will be developed by private sector shipyards while the remaining will be produced by Hindustan Shipyard.