L&T Technology Services bags $50 mn sustainability deal with global energy company
L&T Technology Services
(
LTTS
), a mid-tier IT services company, on Wednesday announced that it has secured a five-year, $50 million deal with an undisclosed global energy company. The agreement positions LTTS to provide enterprise data and digital services to the client's affiliates worldwide, with a strong focus on the sustainability segment.
"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," said Amit Chadha, Chief Executive Officer and Managing Director of LTTS.
He added, "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."
Following the announcement, shares of LTTS saw a positive uptick, rising approximately 1.5 per cent.
Earlier this month, LTTS partnered with US-based Tennant Company to innovate and develop
sustainable cleaning products
. This follows a €50 million deal secured in April with a European automotive Original Equipment Manufacturer (OEM), and an $80 million multi-year agreement inked in February with a US-based industrial products manufacturer.
LTTS closed FY25 with an annual revenue of $1.26 billion. The company also reported its highest-ever deal bookings in the January-March 2025 quarter. Looking ahead, Chadha expressed optimism in April, stating, "In our view, FY26 will be a better year than FY25. We also reaffirm our medium-term outlook of $2 billion revenue.'
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