L&T Bags $100m Order from Vietnam

Larsen & Toubro has bagged a order from Vietnam Border Guard for design and construction of high speed patrol vessels.

Larsen & Toubro (L&T) has signed the principle contract with Vietnam Border Guard for design and construction of high speed patrol vessels in India as well as transfer of design and technology along with supply of equipment and material kits for construction of follow-on-vessels at a Vietnam shipyard.

Constructed of aluminum alloy, the vessels are about 35 metres long and can clock a speed of 35 knots with a state-of -the-art navigation and surveillance equipment and self-defence capabilities on board.

The value of the order is $99.7 million (around Rs 660 crore).