Larsen & Toubro (L&T) has entered into a contract with the Ministry of Defence (MoD) for supply of 100 units of 155mm/ 52 calibre Tracked Self-Propelled Gun systems to the Indian Army. The contract valued at about Rs 4500 crore, is the largest order placed by MoD on an Indian private company.
This win affirms L&T’s position as India’s leading private sector defence company with capabilities to design, develop and manufacture state-of-the-art platforms and systems for the Indian armed forces. This contract embodies the government’s ‘Make in India’ initiative. It envisages delivery of the 100 guns in 42 months with associated engineering support package and maintenance transfer of technology to support these Howitzer regiments throughout their life cycle. These guns will have over 50% indigenous content and will be delivered from the company’s manufacturing facilities, including a new Armoured Systems Complex at Hazira.
Larsen & Toubro is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.