Larsen & Toubro Limited, India's engineering conglomerate is looking to invest INR 500 crore (US$77 million) on the missile systems facilities which will be built in Indian states of Tamil Nadu, Maharashtra or Gujarat.
"We are looking at Tamil Nadu, Maharashtra and even Gujarat to set up the missile and missile systems plant, which would involve an outlay of around Rs 500 crore. The location of the plant depends on the incentives these state governments would offer," Jayat D. Patil, member of the Board and Whole Time Director (Defence Business) L&T said during the launch function of the Offshore Patrol Vessel (OPV) at thefirm's Kattupalli shipyard in Chennai.
Patil was quoted as saying by Economic Times that his company would also build a battle tank plant at Hazira in Gujarat, adding that both the projects would involve an outlay of around Rs 1,000 crore (US$154m).
“The company has been supplying a major portion of the missile systems and it was a natural extension for the company to get into manufacturing the entire systems,” Patil said.
L&T and the French major MDBA had earlier in the year announced the 51:49 joint venture to collaborate and partner on co-development and production of major subsystems involving complex technologies and sophisticated weapon systems such as MICA missile launchers and airframe segments including control actuation units for Indian MoD orders.
Larsen & Toubro have emerged as the finalist for a $750-million contract to supply 100 K9 Vajra-T howitzer self-propelled artillery guns to the Indian Army. L&T in partnership with Samsung pitched the 155 mm artillery guns
At DEFEXPO 2010, Defence majors Larsen & Toubro Limited (L&T) and Raytheon Company announced teaming up in a L&T led proposal submitted this month to upgrade Indian Army T72 tanks. Under the proposal, Raytheon will provide infrared imaging sights and Electronics that will greatly improve target accuracy and increase overall system lethality on the battlefield for T72 tank battalions
EADS Defence & Security (DS) and Indian engineering giant Larsen & Toubro (L&T), Mumbai, will join forces in the fields of defence technology. During a signing ceremony in Mumbai, EADS DS and L&T announced the planned formation of a joint venture company for defence electronics in India, based in Talegaon near Pune
China Tests KJ-500 Early Warning Aircraft, L-15 Trainer-Combat Jet
UVision Demos Hero-120 Loitering Munition to NATO Member State
Russian Shipbuilder Reconfiguring Project 11356 Frigates for Indian Navy
African Nation Receives King Air 350ERs Configured for Maritime Patrol
Indonesia Seeks Rafale Jets, Submarines, Warships in Defence Cooperation Deal with France
Sea Ceptor Supersonic Missile Defence System Offered to Indian Navy
Mobile Phone Led Israelis to Destory Pantsir-S Air Defence Battery in Syria
GA-ASI Demos Multi-Domain Operations Using Gray Eagle ER Drone
Several joint production and direct procurement programs could be halted if the US and Europe carry through with their threat...
Sanctions-hit Iran has found ingenious ways to develop military hardware
Artificial Intelligence (AI) is rapidly permeating the defence industry to aid and improve human decision-making
Upgrade of Russias Sukhoi Su-30SM fighters to equip them with armaments, radar, sensors and engines from the more powerful Su-35...
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...