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    L&T wins Rs.1,799 cr EPC contract

    Larsen Toubro
    Adding to its project portfolio in the port sector, Larsen & Toubro has emerged the lowest bidder for the engineering, procurement and construction (EPC) contract of a new dry dock — the third in the state-run yard in a tender issued by Cochin Shipyard Ltd (CSL) entailing an investment of Rs.1,799 crore and also a Rs.970 crore international ship repair facility. The company said its existing two dry docks permit building of ships up to 110,000 dead weight tonnage (dwt) and repairing of ships of up to 125,000 dwt and the limitations have restricted its ability to expand business by constructing larger vessels, for which it believes there is greater demand and on which it can achieve better profit margins by increasing annual output.
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