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L&T profit up by 11 per cent A niche in FMCG business... It takes two to tango RoC in the dock... Eyes strong growth in 2016-17 Smooth sailing of SAIL Welcome focus to improve rural India... L & T’s floating dock for navy New India Assurance posts impressive show He excels in the nuts and bolts of entrepreneurship Wabco launches safety system 29 per cent jump in TCS revenues Ode to Ratan Tata Emami – a new growth mantra TI Cycles plans retail expansion to drive sales for premium bicycles Are they really independent? AL secures orders for 3600 buses L & T set bigger ambitions in defence business ITC chairman calls for policy impetus to transform agriculture AL introduces Guru & Partner Tata Motors aims to be among the Top 3 global CV & PV firm TVS Srichakra plans capacity expansion Daimler’s truck exports from Chennai cross 5000 units Record two-wheeler sales Michelin to double Chennai capacity Dish TV – subscriber additions encouraging Tata gets 4-star rating for Zest TN government keen on revival of operations at Nokia complex Rane targets Rs.5500 crore topline by 2018-19 Titan Company – sales recovery to kick in AL wins Deming prize again Sundram Fasteners rejigs international Vellayan is back, after 150 days Nissan exit shouldn’t affect ALL Solar installations exceed 2015 capacity in five months Hindalco – re-rating Land wars ITC – steep excise hike Consolidating leadership position in smartphones Last stages Tata Motors charts investments in PV and CV businesses Maruti – for young buyers Preparing for the next growth curve Is this a generation gap? Back in growth mode Daimler grows sales and share in India Forging industry worried over lower supply of steel and its price The unexpected exit A welcome initiative-even critics are recognised Mercedes-Benz sales continue to zoom Hyundai to focus on SUVs and AMT variants The gainers and the losers Tata Steel, ThyssenKrupp sign MoU to merge European units IOB on turnaround path Sivasankaran enters taxi space to take on Uber and Ola Carnival Films acquiring 3000 screens pan India Ponni Sugars (Erode) Ltd: not so sweet 2012-13 HPCL plans Rs.61,000 crore capex over 5-years LVB posts 31 per cent growth in Q1 net profit PPP model for infrastructure development Toyota and Suzuki to introduce EVs in India by 2020 Hyundai India achieves 7 mn production at Chennai factory PSU non-life firms seek to protect share Tata Motors joins compact SUV bandwagon with Nexon L&T bags the Mumbai Trans-harbour link order Shriram Life clocks more than Rs.1000 crore premium in 2015-16 M & M unveils driverless technology for tractors Chinese smart phones flourish in small towns too! Tata Motors bets on new launches Smartphone onslaught by Chinese brands When small is not so beautiful… TVS Automobile invests Rs.75 crore in start-up firms Housing demand revival Right to privacy – now it’s fundamental! Gamesa to set up a plant in Nellore From the toughest to the best year Yamaha unveils scooter boutique Increasing market share Kone India eyes further growth in elevator market E.I.D Parry (India) Ltd: another sweet year V-Guard launches app-enabled water heater system Singur minus Nano – victory or folly? CAPITAL NOTES Bajaj Finserv – Q1: fare well Aurobindo Pharmacy: good turnaround
 
L & T’s floating dock for navy

In one of its significant achievements in ship building business, engineering and construction major Larsen & Toubro has launched a floating dock (FDN-2), designed and built for the Indian Navy at the company’s greenfield shipyard at Kattupalli, near Chennai.

The Ministry of Defence mandated L&T in May 2015 to design and build the FDN- 2 valued Rs.468 crore. On completion of its launch at Kattupalli, FDN-2 would be put through a series of harbour trials before delivery to the Navy. 

Once operationalised, it would enhance the technical repair infrastructure of the Navy for ships based at the Andaman & Nicobar Islands as well as for visiting Naval ships. “While winning our first mandate from the Indian Navy was satisfying, I am particularly delighted that we have also been able to execute and deliver the FDN-2 well within schedule.” S N Subrahmanyan, Managing Director (Designate) and President, Larsen & Toubro, said.

The Floating Dock, which is the first Naval shipbuilding project for L&T, is 185m long and 40m wide, and is designed for docking Indian Naval ships and submarines of up to 8000 tonne displacement with draughts of up to 7 m, during both day and night.

“It is an affirmation of the in-house capabilities and track record of L&T that we are launching the FDN-2 for the Indian Navy ahead of schedule today, as a sequel to having already delivered 32 interceptor boats to Indian Coast Guard,” said J D Patil, Senior Executive Vice President & Whole time Director (Designate) - Defence, 

Larsen & Toubro. L&T has also been mandated by the Coast Guard to design and build seven Offshore Patrol Vessels (OPVs). Two of these OPVs are to be launched in the second half of this financial year, on schedule.

L&T has invested around Rs.5000 crore in the Kattupalli shipyard. The facility had an accumulated loss of Rs.2500 crore. However, it is hopeful of achieving break even in the next three years.


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