Larsen & Toubro (L&T) on Monday said it has signed a teaming agreement with Spain-based Navantia for submission of a techno-commercial bid for the Indian Navys prestigious P75 (India) submarine programme. P75 (India) Submarine Project is expected to be valued at €4.8 billion (over Rs 43,500 crore) and is India‘s largest defence acquisition project.
L&T, Nevantia join hands to bide for Indian Navy s mega submarine acquisition programme thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Larsen & Toubro and Spanish defence major Navantia on Monday inked a teaming agreement to jointly bid for the Indian Navy s Rs 43,000-crore contract for the procurement of six stealth submarines.The firming up of the pact came over a month after German defence major Thyssenkrupp Marine Systems (TKMS) and state-run Mazagon Dock Shipbuilders Ltd (MDL) signed a framework agreement to bid for one