L&T dips toe into arms market

Engineering and construction major Larsen & Toubro is planning to foray into arms and ammunition to widen its defence equipment portfolio. The company will initially manufacture small arms and later graduate to ammunition, including explosives.

It will be the first private Indian player to produce arms and ammunition and has secured the necessary licence from the Centre.

At present, the state-run Ordinance Factory is the only manufacturer of small arms supplied to the government.

Larsen & Toubro is in talks with two European companies for a technological tie-up in this field.

“The technological tie-up has yet to be finalised. The arms and ammunition will cater primarily to the demands of the government,” said a Larsen & Toubro executive, confirming the development.

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