L&T Shipbuilding is a joint-venture between Larsen & Toubro and the Tamil Nadu Industrial Development Corporation, a State government industry promotion agency is planning to diversify its cargo handling capacity at Katupalli Port to include automobiles and oil products in addition to its original plans for container handling. The private port, about 30 km to the north of Chennai, has revised its cargo mix by scaling down container handling to provide space for the new items.
The JV Company has entered into a management contract with Philippines-based International Container Terminal Services Inc to operate the container terminal.
Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.
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