L&T SHIPBUILDING LIMITED

What L&T SHIPBUILDING LIMITED does

L&T Shipbuilding Limited is a privately held Indian shipbuilder and a subsidiary of Larsen & Toubro Limited, headquartered at the Kattupalli shipyard near Chennai with a registered office in Mumbai. The company designs, builds, and maintains defence and commercial vessels and marine platforms, including patrol craft, warships, LPG/LNG carriers, chemical tankers, and heavy-lift vessels, using modular construction technology, in-house floating dock design, and 3D-modelled engineering workflows. Its core customer base is the Indian Navy and Indian Coast Guard, to which it has delivered more than 65 defence vessels in less than a decade under Make-in-India-aligned procurement programmes.

The business operates two primary revenue streams: defence vessel newbuilds and commercial vessel newbuilds, both executed on a project basis, supplemented by ship repair and refit services leveraging the yard's in-house floating dock. A technical collaboration with Mitsubishi Heavy Industries (Japan) underpins ship design and engineering, and additional European and Asian design partners are engaged for specialised programmes. Geographically, the company has extended its commercial order reach into Europe, the Middle East, and Southeast Asia, reducing — though not eliminating — dependence on Indian government tenders. The firm does not disclose standalone revenue, and its financials are consolidated within L&T's defence and heavy engineering reporting segments.

Name

L&T SHIPBUILDING LIMITED

Legal name

Larsen & Toubro Limited

Website

https://lntshipbuilding.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

L&T Shipbuilding Limited is an Indian shipbuilding subsidiary of Larsen & Toubro that designs, builds, and repairs defence and commercial vessels at the Kattupalli yard near Chennai, primarily serving the Indian Navy and Indian Coast Guard with export outreach to Europe, the Middle East, and Southeast Asia.

Ownership category

akta.pro rank

Product category

Defence and Commercial Shipbuilding

NAICS

Ship Building and Repairing (336611)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Patrol, Interceptor & Law-Enforcement Craft (Coast Guard, Customs) (IMAJADAD)

akta.pro secondary industries

Surface Combatants (Destroyers, Frigates, Corvettes) (IMAJABAA), Auxiliary & Logistics Naval Vessels (Replenishment, Support, Hospital) (IMAJABAD), Piping, HVAC & Auxiliary Systems Repair (TLAKAKAH)

Keywords

• Defence vessel construction
• Commercial shipbuilding
• Naval ship repair services
• Marine platform design
• Offshore vessel engineering

Headquarters

HQ city

Chennai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Defense Vessel Construction: Design, construction and delivery of defense vessels for Indian Navy, Coast Guard and other maritime defense agencies. This is a project-based, contract-driven revenue stream with long lead times involving design, procurement, construction, testing and delivery.
2. Commercial Ship Construction: Construction of offshore vessels, chemical tankers, dredgers, LPG/LNG ships, and other commercial vessels for global customers. Project-based revenue from vessel construction contracts.
3. Ship Repairs, Refits & Mid-Life Upgrades: Repair, refit and mid-life upgrade services for naval and commercial vessels. Provides ongoing maintenance revenue from existing vessel fleets.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

L&T Shipbuilding designs, constructs, and delivers defence and commercial vessels from its Kattupalli Shipyard. Its portfolio includes patrol and interceptor boats, floating docks, multi-purpose and training ships, offshore supply and heavy-lift vessels, dredgers, chemical tankers, gas carriers, and roll-on/roll-off freight vessels. It also provides ship repairs, refits, and mid-life upgrades.

Product overview

L&T Shipbuilding offers comprehensive shipbuilding solutions spanning both defence and commercial segments. The defence portfolio includes Interceptor Boats for coastal surveillance and high-speed interceptions, Offshore Patrol Vessels (OPV) for coastal policing and monitoring, Floating Docks for docking naval assets (designed in-house by L&T's Design Competency Centre), Multi Purpose Vessels, and Cadet Training Ships. The commercial shipbuilding segment covers Offshore Supply/Utility Vessels (Platform Supply Vessels, AHTSVs, Diving Support Vessels, CSV/CSOVs), Dredgers, Chemical Tankers, LPG & LNG Ships, and Ro-Ro Freight vessels. L&T Shipbuilding has delivered over 65 defence vessels and maintains a technical collaboration with Mitsubishi Heavy Industries Ltd., Japan, for design and construction of commercial ships. The company also offers Ship Repairs, Refits & Mid-Life Upgrades services, and operates the world-class Kattupalli Shipyard facility located north of Ennore Port near Chennai.

Differentiator

Problem solved

Functional benefit

Brands

• Kattupalli Shipyard: L&T's world-class shipyard facility located north of Ennore Port, about 40 km from Chennai, designed for modular construction and repair of a wide range of defence ships and submarines.

Products and services

• Interceptor Boats High-speed boats designed for coastal surveillance and high-speed interception operations by defence and maritime-security customers.
• Offshore Patrol Vessels (OPV) A range of offshore patrol vessels designed for coastal policing, surveillance, and monitoring operations by maritime defence agencies.
• Floating Dock An in-house-designed floating dock for docking naval assets, developed by L&T's Design Competency Centre.
• Multi Purpose Vessels (MPV) Versatile vessels designed to support multiple operational purposes.
• Cadet Training Ships Ships designed for maritime cadet training.
• Heavy Lift Vessels Heavy-lift vessels designed to transport oversized cargo; one vessel has been delivered.
• MP HeavyLift Ro-Ro Semi-Submersible Multi-purpose heavy-lift roll-on/roll-off semi-submersible vessels; three have been delivered.
• 80m Platform Supply Vessels (PSV) Offshore platform supply vessels measuring 80 meters; six have been delivered.
• 90T BP AHTSV (Anchor Handling Towing Standby Supply Vessel) Anchor-handling towing standby supply vessels rated at 90-ton bollard pull; two have been delivered.
• 150T BP AHTSV (Anchor Handling Towing Standby Supply Vessel) High-capacity anchor-handling towing standby supply vessels rated at 150-ton bollard pull; two have been delivered.
• Dredgers Commercial vessels designed for dredging operations.
• Chemical Tankers Vessels designed to transport chemical cargo.
• LPG & LNG Ships Liquefied petroleum gas and liquefied natural gas carrier ships.
• Ro-Ro Freight Roll-on/roll-off freight vessels for wheeled cargo transport.
• Ship Repairs, Refits & Mid-Life Upgrades Repair, refit, and mid-life upgrade services for naval and commercial vessels.

Quantifiable outcome

• 65+ defense vessels delivered in less than a decade

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Mitsubishi Heavy Industries Ltd. (Japan)coreStrategic or Co-development PartnerL&T Shipyard entered into a comprehensive technical collaboration with Mitsubishi Heavy Industries Ltd., Japan, for design and construction of commercial ships. The collaboration enabled L&T Shipbuilding to access a wide range of state-of-the-art design solutions and technical know-how for production planning and QA/QC, ensuring eco-friendly, efficient and highly customised solutions for ship-owners.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Hanwha Ocean (formerly Daewoo Shipbuilding & Marine Engineering): One of the world's largest shipbuilders (Korean) producing LNG carriers, tankers, offshore platforms, and naval vessels. Comparable as a global incumbent competing with L&T in commercial vessel segments such as LNG and offshore.
• Navantia: Spanish state-owned shipbuilder focused on naval frigates, patrol vessels, and offshore platforms, with growing international footprint. Comparable as a defence-oriented shipbuilder competing for naval patrol and OPV contracts globally.
• Hyundai Heavy Industries: South Korea's largest shipbuilder with global leadership in commercial vessels, offshore platforms, and naval ships. Comparable as a much larger incumbent with overlapping commercial shipbuilding capabilities (tankers, offshore vessels) and broader portfolio.
• Fincantieri: Italy's largest shipbuilder and one of the world's leading builders of cruise ships, naval vessels, and offshore vessels. Comparable as a global incumbent with parallel defence and commercial shipbuilding capabilities.
• Mitsubishi Heavy Industries: Japanese industrial conglomerate with a major shipbuilding division building LNG carriers, container ships, and naval vessels. Comparable as a global commercial and naval shipbuilder and as L&T's named technical collaboration partner.

Regional players

• Abu Dhabi Ship Building: UAE-based shipyard building patrol boats, offshore vessels, and naval platforms for Middle East customers. Comparable as a regional peer focused on patrol/interceptor craft and offshore vessels serving defence customers in a similar emerging-market context.

Direct peers

• Cochin Shipyard Limited: India's largest public-sector shipyard, building aircraft carriers, naval vessels, and commercial ships including LPG carriers and offshore vessels. Closely comparable to L&T Shipbuilding in dual defence-commercial exposure and Indian government customer base.
• Hindustan Shipyard Limited: Indian public-sector shipyard in Visakhapatnam building naval and commercial vessels including frigates, offshore vessels, and repair services. Comparable as another domestic Indian shipyard serving Navy, Coast Guard, and commercial customers.
• Mazagon Dock Shipbuilders Limited: Indian public-sector shipyard that builds frontline naval warships (destroyers, frigates, submarines) and select commercial vessels for the Indian Navy. Directly comparable as a domestic defence shipbuilder competing for the same Indian Navy and MOD contracts as L&T Shipbuilding.
• Garden Reach Shipbuilders & Engineers (GRSE): Indian public-sector shipyard specializing in frigates, corvettes, fast attack craft, and patrol vessels for the Indian Navy and Coast Guard. Directly comparable as a defence-focused Indian shipbuilder competing for similar patrol and interceptor boat contracts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about L&T SHIPBUILDING LIMITED