LTTS wins $80 million digital engineering deal from US manufacturer
L&T Technology Services Limited (LTTS) has secured an $80 million multi-year contract with an unnamed US-based manufacturer of industrial products and solutions, the company announced today.
The shares of L&T Technology Services Limited (LTTS) were trading at ₹5,262.15, up by ₹141.10 or 2.76 per cent on the NSE today at 11.30 am.
The deal involves establishing a dedicated Center of Excellence in India that will serve as a global innovation hub focused on digital transformation and product lifecycle management. LTTS will help integrate advanced technologies, including connected products and digital thread capabilities, to support the client’s innovation and global expansion efforts.
“This engagement is a testament to LTTS’ ability to drive sustainable end-to-end digital transformation for global leaders,” said Amit Chadha, CEO & Managing Director of LTTS and nasscom Executive Council Member. He emphasized the company’s approach of combining AI-powered insights with digitally connected solutions and business-driven automation.
LTTS, a listed subsidiary of Larsen & Toubro, has a significant presence in the engineering and technology services sector. The company serves 69 Fortune 500 companies and 57 top ER&D companies across various industries, including industrial products, medical devices, transportation, telecom, and process industries. As of December 31, 2024, LTTS employs over 23,460 people and operates 22 global design centers, 30 global sales offices, and 108 innovation labs.
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