Larsen & Toubro has signed a principal contract with Vietnam Border Guard to supply high-speed patrol vessels in India.
The contract is valued at $99.7million and includes the transfer of design and technology along with the supply of equipment and material kits for construction of follow-on vessels at a Vietnam shipyard.
The high-speed patrol vessels are purpose-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 metres long and can clock a speed of 35 knots with state-of-the-art navigation and surveillance equipment and self-defence capabilities on board.
In keeping with the Government of India’s ‘Make in India’ policy, complete design and engineering of these vessels will be undertaken at L&T’s dedicated Warship Design Centre with the vessels being built at L&T’s state of the art Kattupalli Shipyard, off Chennai.
Commenting on the occasion, Mr SN Subrahmanyan, President and Deputy Managing Director of L&T said that the contract is a testimony to L&T’s world-class technological capabilities. He also hoped for the contract to pave the way for stronger bilateral ties between India and Vietnam.
Earlier in 2015, a tender was floated by Vietnam’s Ministry of Defence for the Patrol Boats and six shipyards (L&T, MDL, GRSE, erstwhile Pipavav, ABG and PEC) from India participated in the bid. The MoD-Vietnam shortlisted three shipyards and undertook an extensive assessment of their design and engineering capabilities, yard infrastructure, track record and financial health. L&T qualified on all the parameters and was selected from among the six for the prestigious export contract.
L&T is presently executing Indian MoD contracts for design and construction of 54 Interceptor Boats (IBs) for Indian Coast Guard, out of which 28 IBs have already been delivered with the last boat having been delivered two years ahead of schedule. L&T is also executing orders for design and construction of seven Offshore Patrol Vessels for the Indian Coast Guard against a contract of Rs.1432 Crores and a Floating Dock for the Indian Navy with a contract value of Rs.468 Crores.
The contract was signed on 22 September 2016.