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Time of India
7 days ago
- Business
- Time of India
L&T to Ramp up Defence Play to Billion-dollar Business
Larsen & Toubro (L&T) is aiming to create a multi-billion dollar defence business , a sharp rise from ₹6,185 crore (about $726 million, by current currency values) of orders in the previous fiscal year, enthused by the government's push to upgrade and modernise the military. The engineering conglomerate has a broad presence in the defence sector—manufacturing warships, patrol vessels, armoured vehicles, artillery guns and missile systems, among others. The Narendra Modi government has set an ambitious target of ₹30,000-crore worth defence exports this fiscal year, reaching ₹50,000 crore by FY29. The government is also aiming for domestic defence production of ₹ 1.6 lakh crore in FY26, nearly doubling to ₹3 lakh crore by FY29. R Shankar Raman, L&T president and chief financial officer, told ET the defence sector has the potential to be a multi-billion dollar segment. 'It can be as big as you want because it is a question of how much the government is willing,' he said, adding that it is an intrinsic part of L&T's plan to fill its shipyard yard with defence orders, and expand if needed. 'When you talk about defence or Navy, right from coast guard and survey vessels to fast boats to ships, fleets, frigates and submarines, you can go the whole length,' he said, detailing L&T's marine manufacturing capabilities. Live Events Shankar Raman noted that the government is realising the criticality of having greater private sector participation in defence to rapidly upgrade India's military hardware, especially considering the combined capacity of all state-run defence firms and their order backlogs. 'We are quite glad to hear the government increasingly saying there is a need for the private sector to participate (in defence). The government not only sees it as a domestic requirement but also realises there is an international opportunity, with the kind of defence step-up that is happening and geographies and supply chain getting rearranged,' he said. L&T has a state-of-the-art shipyard capable of building large warships, conventional submarines and critical equipment and systems for these platforms. The business, however, does not manufacture any explosives or ammunition. The company's defence portfolio, which falls under the precision engineering and systems business, secured Rs 13,326 crore worth of orders last fiscal, a 29% growth, mainly due to a repeat order for K9 Vajra-T self-propelled howitzers. The business earned revenue of Rs 6,185 crore last fiscal, a 32% growth. L&T was also associated with the design engineering and construction of the INS Arihant, India's first indigenously-designed and built nuclear-powered ballistic missile submarine. Last October, it launched the first of two multipurpose vessels (MPVs) for the Indian Navy from its Kattupalli Shipyard in Chennai. It is also constructing three cadet training ships and six other vessels for the Navy. The conglomerate's bet gains significance in the midst of global defence supply chains facing severe strain due to geopolitical conflicts such as the Russia-Ukraine war, disrupting critical supply routes, especially in eastern Europe, affecting the availability of essential materials and components. 'The US' planned tariff imposition is expected to further strain the supply chain. These actions have increased costs for defence contractors and caused delays in production and maintenance," L&T said in its latest annual report. The company is also focusing on investing in startups to enhance its technology and defence expertise. It has created a Rs 200-crore corpus for startup investments. 'A lot of IIT-sponsored projects are happening. So, we were willing to invest in such ventures. A lot of startups are in the defence application. We are examining them as to which would help us," said Shankar Raman. He added that L&T could be interested in areas such as launching systems, radars and traction devices. The company is also open to partnering startups in areas of power distribution, load distribution and load management systems. L&T is also targeting a 20% market share in the nuclear power segment, said Shankar Raman. The government has initiated the Nuclear Energy Mission, allocating Rs 20,000 crore towards research and development, and the deployment of at least five Bharat Small Modular Reactors.
Economic Times
7 days ago
- Business
- Economic Times
L&T to ramp up defence play to billion-dollar business
Larsen & Toubro (L&T) is aiming to create a multi-billion dollar defence business, a sharp rise from `6,185 crore (about $726 million, by current currency values) of orders in the previous fiscal year, enthused by the government's push to upgrade and modernise the military. The engineering conglomerate has a broad presence in the defence sector—manufacturing warships, patrol vessels, armoured vehicles, artillery guns and missile systems, among others. The Narendra Modi government has set an ambitious target of `30,000-crore worth defence exports this fiscal year, reaching `50,000 crore by FY29. The government is also aiming for domestic defence production of ` 1.6 lakh crore in FY26, nearly doubling to `3 lakh crore by FY29. R Shankar Raman, L&T president and chief financial officer, told ET the defence sector has the potential to be a multi-billion dollar segment. 'It can be as big as you want because it is a question of how much the government is willing,' he said, adding that it is an intrinsic part of L&T's plan to fill its shipyard yard with defence orders, and expand if needed. 'When you talk about defence or Navy, right from coast guard and survey vessels to fast boats to ships, fleets, frigates and submarines, you can go the whole length,' he said, detailing L&T's marine manufacturing Raman noted that the government is realising the criticality of having greater private sector participation in defence to rapidly upgrade India's military hardware, especially considering the combined capacity of all state-run defence firms and their order backlogs.'We are quite glad to hear the government increasingly saying there is a need for the private sector to participate (in defence). The government not only sees it as a domestic requirement but also realises there is an international opportunity, with the kind of defence step-up that is happening and geographies and supply chain getting rearranged,' he said. L&T has a state-of-the-art shipyard capable of building large warships, conventional submarines and critical equipment and systems for these platforms. The business, however, does not manufacture any explosves or ammunition. The company's defence portfolio, which falls under the precision engineering and systems business, secured Rs 13,326 crore worth of orders last fiscal, a 29% growth, mainly due to a repeat order for K9 Vajra-T selfpropelled howitzers. The business earned revenue of Rs 6,185 crore last fiscal, a 32% growth. L&T was also associated with the design engineering and construction of the INS Arihant, India's first indigenously-designed and built nuclearpowered ballistic missile submarine. Last October, it launched the first of two multipurpose vessels (MPVs) for the Indian Navy from its Kattupalli Shipyard in Chennai. It is also constructing three cadet training ships and six other vessels for the Navy. The conglomerate's bet gains significance in the midst of global defence supply chains facing severe strain due to geopolitical conflicts such as the Russia-Ukraine war, disrupting critical supply routes, especially in eastern Europe, affecting the availability of essential materials and components. 'The US' planned tariff imposition is expected to further strain the supply chain. These actions have increased costs for defence contractors and caused delays in production and maintenance," L&T said in its latest annual report. The company is also focusing on investing in startups to enhance its technology and defence expertise. It has created a Rs 200-crore corpus for startup investments. 'A lot of IITsponsored projects are happening. So, we were willing to invest in such ventures. A lot of startups are in the defence application. We are examining them as to which would help us," said Shankar added that L&T could be interested in areas such as launching systems, radars and traction devices. The company is also open to partnering startups in areas of power distribution, load distribution and load management systems. L&T is also targeting a 20% market share in the nuclear power segment, said Shankar Raman. The government has initiated the Nuclear Energy Mission, allocating Rs 20,000 crore towards research and development, and the deployment of at least five Bharat Small Modular Reactors.
India.com
10-05-2025
- Politics
- India.com
Look at India's top 5 massive naval warships, from INS Vikrant to INS Arihant, that can destroy Pakistan's missiles
India's naval power is fully equipped with advanced vessels which dominate the Arabian Sea. These warships and submarines can play a major role in protecting India during the India Pakistan war. 1. INS Vikrant: Commissioned in 2022, INS Vikrant is India's first indigenously built aircraft carrier. It is equipped to launch MiG-29K fighter jets and advanced helicopters. Deployed in the Arabian Sea, INS Vikrant significantly enhances India's maritime strike capabilities along the western coastline and can be mobilized swiftly during critical operations. 2. INS Visakhapatnam: INS Visakhapatnam is among India's most advanced guided-missile destroyers. It has BrahMos supersonic cruise missiles, Barak-8 air defense systems. 3. INS Arihant: Although INS Chakra has recently returned to Russia, India's fleet with other submarines like INS Arihant-class and the upcoming INS Arighat have nuclear-tipped ballistic missiles. 4. INS Kolkata: INS Kolkata is a versatile warship equipped with BrahMos missiles, and anti-submarine rockets. It can launch offensive strikes or defend carrier groups in conflict scenarios. 5. INS Karanj: INS Karanj is designed for operations in shallow waters, it is armed with Exocet missiles. It can carry out special operations, and anti-ship strikes.
South China Morning Post
13-04-2025
- Politics
- South China Morning Post
India's new submarine base targets China's growing sea power
India is poised to unveil a new state-of-the-art naval base in the southern state of Andhra Pradesh, a move seen as reflecting its ambitions to expand its underwater fleet and counter China's expanding influence in the Indian Ocean. Advertisement The base, located near Rambilli village, will serve as a hub for India's warships and nuclear-powered submarines, according to local media, enhancing its ability to project power in an increasingly contested region. The facility will support India's fleet of nuclear-powered ballistic missile submarines, including the new INS Aridhaman, according to Walter Ladwig, a senior international-relations lecturer at King's College London who specialises in South Asian security. 'It would enhance the [navy's] ability while maintaining operational secrecy for their nuclear submarine fleet, which is crucial for a secure second-strike capability.' The commissioning of the base at Rambilli coincides with plans to introduce the INS Aridhaman, India's third nuclear-powered submarine equipped with nuclear-tipped ballistic missiles, later this year. The 7,000-tonne vessel is larger than its predecessors, the INS Arihant and INS Arighaat, which currently form the backbone of India's nuclear deterrent at sea. It comes against the backdrop of escalating competition between New Delhi and Beijing for strategic influence in the Indian Ocean and broader Indo-Pacific region.
Russia Today
07-04-2025
- Politics
- Russia Today
India to launch base for nuclear subs
India plans to commission a new naval base for nuclear submarines and other warships on its southeast coast next year, according to a report by the Times of India. The strategic base, which will be located near the village of Rambilli, about 50 km (31 miles) south of the Eastern Naval Command headquarters in Visakhapatnam, will have underground pens and a network of tunnels to house nuclear submarines. The first phase of the Rambilli base is nearing completion. After its inauguration in 2026, the base will be expanded and upgraded in phases, similar to an installation in Karwar in the southern state of Karnataka. Work on the nuclear submarine base began over a decade ago. It has overcome numerous technological, environmental, and other challenges. A source quoted in the Times of India report said the inner harbor was ready, and work on the outer harbor, including the construction of breakwaters and jetties, is currently in progress. Additionally, India is expected to commission its third nuclear submarine, the INS Aridhaman, which is equipped with nuclear-tipped ballistic missiles, later this year. The INS Aridhaman has a displacement of 7,000 tons and is slightly larger than the two operational SSBNs, the INS Arihant and the INS Arighat. In October of last year, the Cabinet Committee on Security, chaired by Prime Minister Narendra Modi, approved a proposal to construct two nuclear-powered conventional strike submarines in India, with a budget of over $5 billion, as reported by India Today. India has been enhancing its naval capabilities, and on Saturday, Defense Minister Rajnath Singh inaugurated an operational, repair, and logistics facility In Karwar, constructed under Project Seabird and valued at over $250 million. The inauguration was timed to coincide with India's National Maritime Day. In a post on X, Singh said the day was a reminder of how vital India's maritime domain was, not just for India's security, but for fostering harmony and growth across the region. A Day at Karwar Naval Base! On the occasion of the National Maritime Day, on 05 Apr 25, I had the privilege of witnessing a truly remarkable milestone for India, the #IndianNavy , and the Indian Ocean Region (IOR).From the ambitious strides in building infrastructure and… — Rajnath Singh (@rajnathsingh) April 6, 2025 'We ensure that the nation's interests are protected without compromising their sovereignty,' Singh said, adding, 'As India enhances its presence in the IOR, it also enhances the security of our friendly nations.' With the completion of this phase of Project Seabird, the Karwar base will be able to berth 32 major warships and submarines, according to the Times of India report. Last week, Russian and Indian warships completed joint exercises in the Bay of Bengal as part of Indra 2025 naval drills.
