Larsen & Toubro's (L&T) defence division delivered another two high speed ships to the Indian Coast Guard seven months ahead of schedule. This is part of the two contracts being executed by the company for design and construction of 54 interceptors to Indian Coast Guard.
In an interview to CNBC-TV18, JD Patil, Senior VP and Head-Defence & Aerospace at Larsen & Toubro spoke at length about the contract being executed.
There are 54 on orders; 34 of them are delivered, so we still have 20 more to go, he said.
He further said that based on the current rate of delivery we should be out in exactly ten more quarters.
On offshore petrol vessel front, he said its progressing well and will be in a position to launch the first ship sometime in September.
Watch accompanying video for more details.
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