"We have already bid for four Indian Coast Guard contracts worth 4,000 crore. We expect a final decision on this to be taken in the next six months," Kotwal said.

Already L&T is working on a 2,000-crore order from the Coast Guard to supply 54 vessels, at a cost of 30-40 crore each.

Besides this, the company is also planning to bid for two landing platform dock projects ranging from 1,000 crore to 2,000 crore each, to be awarded by the government.

The government is planning to build four multi-purpose landing platform docks, out of which tow will be given to private-sector firms, he said.

"A request for proposals for the docks will be finalised in the next few months," Kotwal said, adding, "in the next two years, we expect to see significant improvement in the sector, and we are prepared to meet this demand."

Though there has been a downturn in this sector over the past two-three years both in the international as well as in the domestic markets, the momentum is expected to revive in the coming years.

"We are expecting a significant number of projects in the hydrocarbon business," he said, adding, "nearly 55 per cent of orders in this business will be contributed from overseas."

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