New Delhi: Engineering and construction giant Larsen and Toubro Tuesday said it will bid for the Indian Navy's second line of conventional submarines.

The company had built India's largest shipyards, near Chennai and in Gujarat, which had the capacity to build all types of naval construction, including submarines, L&T chairman and managing director A.M. Naik told reporters here.

"We will be bidding for the navy's second line of conventional submarines," he said.

He pointed out that L&T, along with the Russians, was vying to build Amur-class vessels but the initiative did not take off due to lack of funds.

"Our shipyards in Hazira and Kattupalli have the capability to take up construction of vessels of about 7,000 to 9,000 tonnage and even warships of the size three or four times these vessels," Naik said.