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Published 16:02 IST, December 4th 2024
L&T Technology Services Bags Rs 423 Crore Global Deal - Check LTTS Stock Price Today
The company is planning to leverage its capabilities in AI and automation frameworks for project deployment and execution.
- Technology
- 2 min read
L&T Technology Services (LTTS), a global leader in engineering and technology services, announced that it was selected by a leading global network solutions firm to provide Product Integration Services in North America, ensuring seamless deployment and support for customers in the region.
This is a multi-year agreement and is estimated at USD 50 million or approximately Rs 423 crore and it will enable the company to provide comprehensive support including advanced networking solutions, ensuring seamless integration and success for customers in the region.
The company is planning to leverage its capabilities in AI and automation frameworks for project deployment and execution.
Through this strategic partnership LTTS plans to use its expertise in engineering and R&D services with the client's wireless networking solutions.
Additionally, the companies aim to offer secure LTE and 5G private networks across industries, unlocking new opportunities and enabling future-ready operations. The partnership will address current market demands while positioning itself for upcoming 5G advancements under 3GPP standards.
"This strategic engagement represents a significant milestone for LTTS, marking our first sizable breakthrough in global markets by leveraging the deep expertise of our Smart World & Communication (SWC) division in managing communication networks. By integrating a GLOCAL services model, cutting-edge automation and AI-driven frameworks, we will deliver value and reliability to our customer. This will help us elevate our partnership with the client further,” said Amit Chadha, CEO & Managing Director, L&T Technology Services.
LTTS is a global leader in engineering and technology services. It is a listed subsidiary of Larsen & Toubro (L&T) and offers design, development, testing and sustenance services across products and processes.
The shares of LTTS closed at Rs 5,309 apiece, after a marginal decline of 0.09 per cent or Rs 4.95 on the BSE today.
Updated 16:02 IST, December 4th 2024
