L&T to build shipping complex at Katupalli
Multinational business firm Larsen & Toubro Ltd (L&T) has plans to develop its shipbuilding complex at Katupalli near Chennai. The firm would invest Rs 1,000 crore in the project to reach its intended production capacity.
L&T wants to reach its intended production capacity of 50,000 tonnes per annum for MFF (modular fabrication facility) as well as the construction and repair of 25 and 60 ships per annum, respectively.
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