On 15 April 2008, Larsen & Toubro signed a joint venture agreement with Tamil Nadu Industrial Development Corporation (TIDCO) to set up an integrated shipyard complex along with a port facility at Kattupalli village, near Ennore in Tiruvallur district. The project will entail an investment of about Rs.3,000 crore.

The feasibility report for the project has been completed and necessary environment studies are under progress. The shipyard complex will include facilities for commercial ship building including very large cargo carriers, specialized cargo ships for liquid / gas transportation and cruise vessels. It will also have the capability to build vessels for the defence sector, off-shore platforms & floating production cum storage facilities for the oil and  gas sector.

The shipyard will also have the facilities for refitting and re-engineering of commercial and defence vessels, and heavy engineering fabrication and components production for ship building purposes. Construction work on the proposed project will start by the end-2008 and will be completed in 24 months.

Also See:

Construction work on L&T's integrated shipybuilding yard to begin soon (21-Mar-08)