L&T Technology Services secures $50 million deal in sustainability segment from global energy major
L&T Technology Services Limited (BSE: 540115, NSE: LTTS) has signed a five-year agreement worth over USD 50 million with a major global energy company. The deal positions LTTS as the exclusive global engineering partner for Enterprise Data and Digital Services within the client's sustainability operations.
The agreement expands on a working relationship that has existed between the two companies for more than a decade. Under this new framework, LTTS will provide enterprise data and digital services to the client's affiliates worldwide.
LTTS, with more than 20 years of experience in engineering, manufacturing services, digital transformation, and enterprise data management, will support the client's digital initiatives using its global delivery model. The company is expected to manage and execute high-performance and quality-focused digital services through the duration of the agreement.
Amit Chadha, CEO and Managing Director of L&T Technology Services, said, 'This large deal win in our Sustainability segment with a leading energy major has been possible due to LTTS' unique credentials which include enabling over 600 major plants across the globe. By combining our proven track record in plant engineering with state-of-the-art new age technologies, we will support the client in their digital transformation while enhancing overall operational excellence. Together, we are building a resilient, technology-driven roadmap for the energy industry'
This development further strengthens LTTS's position in the energy and sustainability space, where digital transformation and data-driven solutions continue to be a strategic focus.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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