Vibrant Gujarat 2011: L&T commits Rs 15,000 cr investment on infra projects

AHMEDABAD: Engineering and construction major Larsen & Toubro on Wednesday said it will invest Rs 15,000 crore in Gujarat on infrastructure projects in the state.

"This year we have signed an MoU to invest Rs 15,000 crore in Gujarat in infrastructure projects," Larsen & Toubro chairman and managing director AM Naik said in Ahmedabad at the 5th Global Summit of Vibrant Gujarat.

He, however, did not specify the details of the projects and the timeline of the investment.

"The company has been investing in the state and our commitments will grow by the day," Naik added.

L&T, which set up operations in Gujarat in 1979, currently has nine factories operational in the state.

It also has a shipbuilding facility at Hazira, which is geared up to take up construction of niche vessels like specialised Heavy lift Cargo Vessels, CNG carriers, Chemical tankers, defense and para military vessels and other role specific vessels.