Larsen & Toubro Wins 70m Shipbuilding Order

According to reports, Indian engineering and construction firm Larsen & Toubro Ltd said it has won a repeat order worth over $70m to build two ships for Netherlands-based RollDock BV. The Dutch shipping company has also signed an agreement that includes options for more vessels of the same series to be built later this year, which will be delivered by May 2010, L&T said in a release. L&T entered the shipbuilding business in April 2006, by securing an order from the Dutch firm. Source: AFX News Limited