L&T gets 887 Cr MoD Contract for MPV Ships of Indian Navy
Ministry of Defence, Government of India, has signed a Rs. 887 crore contract with Larsen and Toubro (L&T) for acquiring two Multi-Purpose Vehicle (MPV) ships for the Indian Navy. The delivery of these MPVs is scheduled for May 2025.
These vessels will provide cost-effective solutions to the Indian Navy by performing multiple functions. These functions will include maritime surveillance & patrolling, launching and recovery of torpedoes, and gunnery operations of various types of targets. They will also be capable of towing ships and rendering Humanitarian Assistance & Disaster Relief (HADR) support. These ships will also provide a trial platform for naval weapons and sensors under development, and support platform for Immediate Support Vessel (ISV) & salvage operations. Moreover, they will provide logistics support to island territories.
This contract has been signed under the ‘Buy Indian’ category, which means that these MPVs will be developed and manufactured using at least 50% indigenous components.