Larsen and Toubro (L&T)’s shipping arm, L&T Shipbuilding has earmarked around `1,500 crore to develop around 800 acres at Kadipully near Ennore in Chennai for expanding its vessel building capacity, a top company official said.
The Kadipully project, to make vessels primarily for defence, would be developed in phases and the first phase will start by mid-2011, the official said. “This would be our second manufacturing facility after Hajira in Gujarat.
We plan to make large vessels in Kadipully which cannot be made in Hajira. The facility will cater mostly to the Indian Navy,” he added.