L&T Technology Services Secures USD 75-Million Deal From Global Technology Major
New Delhi: L&T Technology Services (LTTS) on Wednesday said it has secured a five-year engagement valued at over USD 75 million (about Rs 718 crore) from a leading global technology enterprise. The company did not disclose the name of the client, noting that the identity "cannot be disclosed as per the agreement with the client". As part of the agreement, LTTS will deploy its Engineering…
L&T Technology Services (LTTS) has secured a five-year contract worth over USD 75 million (approximately Rs 718 crore) from a major global technology company. The identity of the client remains undisclosed due to the terms of the agreement. Through this arrangement, LTTS will apply its Engineering Intelligence (EI) capabilities throughout the client's product development and engineering lifecycle, aiming to expedite the creation of advanced solutions for the client's worldwide offerings, as per a regulatory filing.
LTTS will also support the establishment of a specialized engineering center dedicated to technology and digital functions, utilizing its comprehensive suite of EI solutions, according to the statement. The contract's scope includes product engineering, software development, testing, validation, and sustenance engineering. Additionally, it covers platform operations and associated digital engineering services.
LTTS, a subsidiary of Larsen & Toubro, operates in engineering and research and development (ER&D) services, providing design, development, testing, and sustenance services for products and processes. The company's shares were trading 1.39% higher at Rs 3,548.95 each in early day trade on the BSE on Wednesday.
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