L&T Technology Services bags $75-million deal from global technology major
The company did not disclose the name of the client, noting that the identity "cannot be disclosed as per the agreement with the client
L&T Technology Services (LTTS) recently announced a significant five-year engagement worth over $75 million (approximately ₹718 crore) secured from a prominent global technology firm. The specific client identity remains undisclosed due to contractual obligations. The agreement outlines LTTS' deployment of its Engineering Intelligence (EI) capabilities throughout the client's product development and engineering lifecycle, facilitating the swift creation of advanced solutions for the client's worldwide offerings.
Additionally, LTTS will establish a specialized engineering center dedicated to technological and digital functions, utilizing its comprehensive suite of EI solutions. The contract encompasses various aspects, including product engineering, software development, testing, validation, sustenance engineering, platform operations, and related digital engineering services.
As part of Larsen & Toubro, LTTS specializes in engineering and research and development (R&D) services, delivering design, development, testing, and sustenance solutions across products and processes. The company's stock experienced a 1.39% increase, trading at ₹3,548.95 per share on the BSE.
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