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L&T, BrahMos unveil naval launcher
Posted on 9th May 2018
Mumbai: Larsen & Toubro (L&T) and BrahMos Aerospace have unveiled a new quad launcher prototype, heralding another attempt to boost the performance of naval warships.

The new prototype provides superior firepower compared to the twin canister and has the capability to launch four missiles in a single or salvo (simultaneous) mode. Besides, the quad launcher is suitable for warships which have space constraints to accommodate a vertical launch module.

The quad launcher, which was unveiled after conducting rigorous trials, will hit production once the Navy confirms an order. In that case, the quad launcher will be ready for deployment on naval ships within 18 months, said Jayant Patil, head of L&T’s defence business. The quad launcher will be manufactured at L&T’s Pune facility. The $17-billion engineering and construction giant has been associated with BrahMos, a joint venture between Defence Research and Development Organisation (DRDO) and NPO Mashinostroyenia of Russia, for the development of naval missile programme since 2000.

L&T has been upping its stake on the country’s defence market after the government announced plans to cut down dependence on foreign military arms that has made India the world’s top importer in the sector. Currently, defence accounts for nearly 4% of L&T’s revenues.

Related Companies: Larsen & Toubro Limited   

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Posted on 1st October 2018
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Coal India to increase tenure of supply pacts with steel industry to 10 yrs
Posted on 19th October 2018
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IT shares trade weak; TCS hits 3-mth low, Infosys, HCL Tech down 4% each
Posted on 19th October 2018
Shares of information technology (IT) companies were trading lower at the bourses with Tata Consultancy Services (TCS), Infosys, Tech Mahindra and HCL Technologies falling up to 4% on the National Stock Exchange (NSE).

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Sensex cracks 408 points on global sell-off; Nifty below 10,400
Posted on 19th October 2018
The benchmark BSE Sensex sank over 408 points in early trade on Friday on heavy selling in IT, energy and banking stocks triggered by weak trends in global markets.

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Former SBI Chairman Arundhati Bhattacharya joins Reliance Industries’ board
Posted on 19th October 2018
Former SBI chairman Arundhati Bhattacharya has joined the Reliance Industries board as an independent additional director, the Mukesh Ambani-led conglomerate said in a regulatory filing. She has been appointed for five years starting October 17, 2018, subject to shareholder approval, the statement further said.

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