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Larsen & Toubro (L&T) has proposed a ₹1,100 crore expansion of its Kattupalli shipyard

ICICIdirect Research 15 Jul 2026 DISCLAIMER

News: Larsen & Toubro (L&T) has proposed a ₹1,100 crore expansion of its Kattupalli shipyard and modular fabrication facility near Chennai, and has sought fresh environmental and CRZ approvals for the project. The three-year expansion (proposed between October 2025 and October 2028) will be carried out entirely within the existing 892-acre campus. The expansion aims to fully utilise the facility's already approved capacity of 50,000 tonnes per annum of modular fabrication, while increasing shipbuilding capability to 25 ships per year and ship repair capacity to 60 ships annually.

View: The project strengthens L&T's position in offshore energy, defence shipbuilding and offshore wind manufacturing. The Kattupalli yard already manufactures large offshore modules, topsides, turbine towers and floating structures, making it a key asset for India's growing renewable energy and marine engineering sectors.  

Impact: Positive

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