L&T bags $100 million Vietnam ship order

Posted on:24 Sep 2016 11:50:17
L&T bags $100 million Vietnam ship order
24 September 2016 Current Affairs: Larsen & Toubro (L&T) has landed a $99.7-million contract from Vietnam Border Guard to design, construct and supply high-speed patrol vessels.

The contract also provides for L&T to transfer design and technology along with 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.

A combination of factors - ranging from its track record to design capability and execution skills.

 

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