Larsen & Toubro plans to broaden the scope of its proposed Rs.2,000 crore mega shipyard facility in favour of an integrated port-cum-shipyard facility.

The company, which has been actively looking at three locations for setting up the facility, now plans to go in for an integrated facility, instead of only a shipyard, in light of cost implications of constructing a breakwater facility.

The company is likely to finalise the location of the facility by end-May 2007. The company has been looking at three separate locations - near Chennai in Tamil Nadu, Kakinada in Andhra Pradesh and Mundra in Gujarat - for up to 1,200 acres of land to set up the facility.

The proposed shipyard is being developed as India's largest and the only one that will be equipped to build big-sized carriers such as very large crude carriers with capacities of up to 3-3.5 lakh DWT.

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L&T shortlists three states for shipyard project (23-Nov-06)