India's largest engineering and construction company Larsen & Toubro Ltd. (L&T) said it would submit bid for four Indian coast guard contracts worth Rs.4,000 crore ($695 million), reports said, quoting Heavy Engineering Department President M.V. Kotwal.
The company is also planning to bid for two landing platform docks that will be awarded by the Indian government, he said.
To foster the growth of Indian defence companies, the government has rolled out a new procurement programme seen as favouring domestic firms and is also looking to partially remove restrictions on foreign companies investing in Indian ones.
L&T has tried to expand its defence manufacturing business and recently emerged, in consortium, as the lowest bidder for a contract to make army vehicles, it added.
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