L&T and Ulstein Group to Develop Commercial Shipbuilding in India
Larsen & Toubro (L&T) has signed a memorandum of understanding with Norway’s Ulstein Group ASA to collaborate on ship design and manufacturing, enhancing their potential in commercial shipbuilding. This agreement was formalized during Norway’s Nor-Shipping Week, as L&T seeks to re-enter the sector after previously focusing on defense contracts.