J D Patil, senior executive vice-president and whole-time director (Defence), L&T said OPV-2 is the ninth defence vessel launched by L&T in the current financial year, as per a company statement.
L&T, the first private Indian shipyard to construct and deliver OPVs for the Indian Coast Guard, received a Rs 14.32 billion (Rs 1,432-crore) order for design and construction of seven OPVs from the ministry of defence in March 2015.
"With in-house capabilities to undertake ship design, in-house manufacturing of critical marine equipment, world-class shipyard infrastructure and robust financial strength, L&T is uniquely placed to fulfil the ambitious fleet expansion plans of the Indian Navy and Coast Guard," Patil said.
OPV-2 was formally lowered into the waters of the Bay of Bengal on January 20, the statement said.
The first OPV was launched in October last year and is undergoing trials.
Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $17 billion in revenue. It operates in over 30 countries worldwide.