


Mumbai - Larsen & Toubro Ltd plans to invest Rs 1,000 crore in its shipbuilding complex at Katupalli, Tamil Nadu.
The company is taking up this move to reach its intended production capacity. In 2009, the facility had received Environment Clearance and Coastal Regulation Zone clearance to annually produce 50,000 tonnes per annum for modular fabrication facility (MFF) and permission for 25 ship buildings and 60 ship repairs. However, with the existing infrastructure, the company is unable to reach these intended capacities/quantities. The company intends to take up further . . .
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