MUMBAI: Larsen & Toubro bagged its biggest defence order worth Rs. 4,500 crore to supply gun systems to the Indian army , the engineering company said in a statement on Friday.L&T will supply 100 units of 155mm/52 calibre Tracked Self-Propelled Gun systems to the Indian army over 42 months. “This is our biggest order and it gives us revenue visibility for the next three and a half years,” Jayant Patil, head of defence and aerospace at L&T, told ET.L&T, supported by South Korean technology partner Hanwha Tech Win (HTW), had bid for this ‘Buy Global’ acquisition programme of the defence ministry in 2011. “Our order pipeline is strong and we hope to bag some more big-ticket orders in the current fiscal year to contribute significantly to L&T’s order book,” Patil said. L&T has invested heavily in the defence sector and has built a shipyard that can build submarines.

Source: Economic Times May 12, 2017 11:38 UTC