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L&T CEO SN Subrahmanyan, Spanish ambassador José Domínguez and Navatia vice president Augustin Alvarez Blanco at the Spanish embassy to sign a pact for Indian submarine programme.
Private sector conglomerate Larsen and Toubro (L&T) and Spain's defence major Navantia on Monday inked a 'teaming agreement' here to jointly bid for Indian Navy's prestigious P75 (I)submarine programme. The proposed project is worth over Rs 50,000 crores. The Defence Ministry is in the process
Mumbai: Larsen & Toubro and Navantia, Spain signed a Teaming Agreement (TA) today for the purpose of submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine program.
Construction of submarines to be done in India
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.