L&T Shipbuilding, currently in Rs 2,500-cr loss, to break even in two years

Around Rs 1.4 lakh crore worth of contracts are being executed

Larson & Toubro Shipbuilding Ltd is expecting to break even in FY19 or FY20. The company at present has a cumulative loss of Rs 2,500 crore, according to senior management officials.

India’s first indigenous Floating Dock (FDN-2) for the Indian Navy was flagged off from L&T's Kattupalli facility.

Speaking to reporters after the launch, Jayant D Patil, senior vice president said, "We are expecting a break-even in FY19 or it could be in FY20." He added that this would be on account of defence ships and some amount of exports. 

He said that the company has so far invested around