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22 April, 2018 07:58 IST
L&T built offshore patrol vessel gets commissioned
Source: IRIS | 11 Apr, 2018, 11.10AM
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The Offshore Patrol Vessel ICGS Vikram, indigenously designed and built by Larsen & Toubro, was commissioned into the Indian Coast Guard on 11 April 2018. The vessel is the ‘First of Class' of seven new generation Offshore Patrol Vessels (OPVs) contracted by Ministry of Defence (MoD) to L&T in March 2015, under government's initiative of ‘Make in India'.

ICGS Vikram class OPVs are long-range surface ships, equipped to handle helicopter operations and capable of operating in Indian maritime zones including island territories. The role of the OPV is to conduct coastal and offshore patrolling, policing maritime zones, control & surveillance, anti-smuggling & anti-piracy operations with limited wartime roles.

S.N. Subrahmanyan, CEO & MD, Larsen & Toubro, said, ''It is a momentous occasion for L&T to become the first private Indian shipyard to deliver an in-house designed Offshore Patrol Vessel to MoD. L&T Shipyards have achieved unmatched stellar delivery performance in prestigious MoD contracts for 54 Interceptor Boats for Coast Guard, Floating Dock project for Navy and now the OPV for Coast Guard. This bears testimony to our capabilities and commitment towards ''Make in India''. Over the past decade, we have invested heavily in building state-of-the-art facilities and talent pool for Defence manufacturing and are fully geared up with sufficient capacity and financial strength to grow multifold in this sector in coming years.''

''Given the opportunity and a level playing field, L&T can provide the much-needed impetus to the augmentation of Indian Naval and Coast Guard fleets through in-house design and timely delivery of vessels,'' Subrahmanyan added.

Shares of the company declined Rs 3.55, or 0.26%, to trade at Rs 1,345.00. The total volume of shares traded was 34,909 at the BSE (10.59 a.m., Wednesday).



Larsen & Toubro Limited   (Q,N,C,F)*

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