The Mumbai-based Larsen & Toubro Ltd. said Japan-based Mitsubishi Heavy Industries Ltd., or MHI, had agreed with L&T Shipbuilding Ltd., or LTSB, the shipbuilding arm of the company, to provide a broad range of technological support for building commercial vessels. The two companies will sign a technical collaboration agreement in this regard on Wednesday.
MHI has been proactively promoting development of its engineering business, centering on technology licensing, while L&T Shipbuilding has been seeking to strengthen its shipbuilding business through the introduction of technology from a global leader.
Under the agreement, MHI will provide licensing and technology support, including training of LTSB engineers, the intentions of the two companies have thus converged.
The agreement calls for MHI to provide support for an initial period of three years, with an option to extend beyond that time frame. In specific terms, support from MHI will comprise design support and a broad range of training, ship construction and quality control.
Support activities will further include consultation relating to potential expansion of L&T's shipbuilding facilities in the future and to overseas procurement of shipbuilding materials, as well as support for LTSB's marketing research activities. Going forward, MHI and LTSB will market vessels built by LTSB under exclusive technical collaboration with MHI.
Based on the agreement, commencing in early 2012, MHI will begin training of L&T Shipbuilding engineers at the company's Nagasaki Shipyard and machinery works at the Shimonoseki Shipyard in Yamaguchi Prefecture. In addition, MHI will depute experts skilled in design, ship construction and quality control from its shipyard to India to impart training to LTSB employees.
MHI and L&T have been partners since 2007, with two joint ventures established in the power generation system sector.
LTSB already operates a shipyard in Hazira in India's northwestern Gujarat state, and it is currently building a new shipyard at Kattupalli, near Chennai, in the southern state of Tamil Nadu.
As India enhances its infrastructure in tandem with economic expansion, the country is focusing on a growth strategy that entails improvements in basic infrastructure, including better port facilities, and for the nurturing of its shipbuilding and shipping industries. As a result, the acquisition and accumulation of globally competitive shipbuilding technologies is a top priority for Indian industry.
On the back of the latest shipbuilding technical collaboration agreement, LTSB and MHI plan to step up its aggressive development of new engineering business opportunities relating to shipyards in the newly emerging economies.
At the BSE, Larsen & Toubro shares are being traded at Rs.1,039.60, up by Rs.13.85 or 1.35 percent on a volume of 199,000 shares.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.