Latest news with #L&TTechnologyServices
&w=3840&q=100)
Business Standard
28-07-2025
- Business
- Business Standard
L&T Technology Services bags $60 mn multi-year agreement from a US client
Engineering and technology services firm L&T Technology Services (LTTS) announced that it has signed a $60 million multi-year agreement with a prominent US-based provider of wireless telecommunications services. This latest win marks LTTS' fourth deal exceeding $50 million in the last four consecutive quarters. This strategic engagement will see LTTS delivering advanced network software development and application engineering solutions. Under the terms of the agreement, LTTS will provide engineering services, including R&D lab integration, new product development, and functionality testing for the customer's network software automation platforms. Additionally, LTTS will establish a delivery centre in the United States to further support and enhance project delivery. The engagement will leverage LTTS' capabilities in Smart World Connectivity and next-generation networks to drive cutting-edge innovations for the client. Amit Chadha, CEO and Managing Director, L&T Technology Services, commented on the development, stating, "This new agreement in our Tech segment with such a prestigious telecommunications leader reinforces our longstanding relationship and shared vision in next-generation communications, network automation, and AI. By leveraging our Smart World connectivity solutions along with our extensive expertise in enterprise 5G rollouts and telecom innovations, we are proud to contribute toward achieving the client's strategic goals.' LTTS is also looking ahead to expanding its service offerings for the client by integrating AI-powered test automation platforms to streamline new product development and enhance operational efficiency. LTTS further said, 'The latest $60 million engagement in the Tech segment is a testament to the company's ability to drive multi-segment growth, even as certain segments such as Mobility face macro-level headwinds.' The company's share price touched a high of ₹4,269 per share during intra-day trading, up 1.4 per cent from ₹4,210 per share as the market opened. The stock was up 0.35 per cent from the previous close at the time of going to press.
Business Wire
28-07-2025
- Business
- Business Wire
L&T Technology Services Wins ~$60 Million Software Engineering Engagement From US Tier-I Telecom Provider
BANGALORE, India--(BUSINESS WIRE)--L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a global leader in engineering and technology services, today announced a major milestone in its Tech segment with the signing of a ~$60 million multi-year agreement with a prominent U.S. based provider of wireless telecommunications services. This strategic engagement will see LTTS delivering advanced network software development and application engineering solutions. Under the terms of the agreement, LTTS will provide crucial engineering services, including R&D lab integration, new product development, and functionality testing for the customer's network software automation platforms. Additionally, LTTS will establish a delivery center in the United States to further support and enhance project delivery. The engagement will leverage LTTS' capabilities in Smart World Connectivity and next generation networks to drive cutting-edge innovations for the client. This deal underscores the strength of the decade-long partnership between LTTS and the client, built on consistent collaboration and innovation. LTTS' proactive investments in cutting-edge labs, custom solutions, and nearshore centers were instrumental in securing the engagement, reflecting the company's unwavering commitment to delivering value-driven engineering expertise. LTTS is also looking ahead to expanding its service offerings for the client by integrating AI-powered test automation platforms to streamline new product development and enhance operational efficiency. Amit Chadha, CEO and Managing Director, L&T Technology Services, commented on the development stating, "This new agreement in our Tech segment with such a prestigious Telecommunications leader reinforces our longstanding relationship and shared vision in next-generation communications, network automation, and AI. By leveraging our Smart World connectivity solutions along with our extensive expertise in enterprise 5G rollouts and telecom innovations, we are proud to contribute toward achieving the client's strategic goals.' About L&T Technology Services Ltd L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and sustenance services across products and processes. Purposeful. Agile. Innovation. is how we drive growth across the Mobility, Sustainability and Tech segments. Our customer base includes 69 Fortune 500 companies and 57 top ER&D companies across industrial products, medical devices, transportation, telecom & hi-tech, and process industries. Headquartered in India, we have over 23,600 employees across 23 global design centers, 30 global sales offices, and 105 innovation labs, as of June 30, 2025. For additional information about L&T Technology Services log on to
Business Wire
28-07-2025
- Business
- Business Wire
L&T Technology Services Wins ~ $60 Million Software Engineering Engagement From US Tier-I Telecom Provider
BANGALORE, India--(BUSINESS WIRE)-- L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a global leader in engineering and technology services, today announced a major milestone in its Tech segment with the signing of a ~$60 million multi-year agreement with a prominent U.S. based provider of wireless telecommunications services. This strategic engagement will see LTTS delivering advanced network software development and application engineering solutions. Under the terms of the agreement, LTTS will provide crucial engineering services, including R&D lab integration, new product development, and functionality testing for the customer's network software automation platforms. Additionally, LTTS will establish a delivery center in the United States to further support and enhance project delivery. The engagement will leverage LTTS' capabilities in Smart World Connectivity and next generation networks to drive cutting-edge innovations for the client. This deal underscores the strength of the decade-long partnership between LTTS and the client, built on consistent collaboration and innovation. LTTS' proactive investments in cutting-edge labs, custom solutions, and nearshore centers were instrumental in securing the engagement, reflecting the company's unwavering commitment to delivering value-driven engineering expertise. LTTS is also looking ahead to expanding its service offerings for the client by integrating AI-powered test automation platforms to streamline new product development and enhance operational efficiency. Amit Chadha, CEO and Managing Director, L&T Technology Services, commented on the development stating, "This new agreement in our Tech segment with such a prestigious Telecommunications leader reinforces our longstanding relationship and shared vision in next-generation communications, network automation, and AI. By leveraging our Smart World connectivity solutions along with our extensive expertise in enterprise 5G rollouts and telecom innovations, we are proud to contribute toward achieving the client's strategic goals.' About L&T Technology Services Ltd L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and sustenance services across products and processes. Purposeful. Agile. Innovation. is how we drive growth across the Mobility, Sustainability and Tech segments. Our customer base includes 69 Fortune 500 companies and 57 top ER&D companies across industrial products, medical devices, transportation, telecom & hi-tech, and process industries. Headquartered in India, we have over 23,600 employees across 23 global design centers, 30 global sales offices, and 105 innovation labs, as of June 30, 2025. For additional information about L&T Technology Services log on to
Business Standard
28-07-2025
- Business
- Business Standard
LTTS inks $60 million software engineering deal with US Tier-I telecom provider
L&T Technology Services (LTTS) said that its Tech segment has signed a multi-year agreement worth $60 million with a prominent U.S. based provider of wireless telecommunications services. This strategic engagement will see LTTS delivering advanced network software development and application engineering solutions. Under the terms of the agreement, LTTS will provide crucial engineering services, including R&D lab integration, new product development, and functionality testing for the customers network software automation platforms. Additionally, LTTS will establish a delivery center in the United States to further support and enhance project delivery. The engagement will leverage LTTS capabilities in Smart World Connectivity and next generation networks to drive cutting-edge innovations for the client. This deal underscores the strength of the decade-long partnership between LTTS and the client, built on consistent collaboration and innovation. LTTS proactive investments in cutting-edge labs, custom solutions, and nearshore centers were instrumental in securing the engagement, reflecting the companys unwavering commitment to delivering value-driven engineering expertise. LTTS is also looking ahead to expanding its service offerings for the client by integrating AI-powered test automation platforms to streamline new product development and enhance operational efficiency. Amit Chadha, CEO and managing director, L&T Technology Services, said: This new agreement in our Tech segment with such a prestigious Telecommunications leader reinforces our longstanding relationship and shared vision in next generation communications, network automation, and AI. By leveraging our Smart World connectivity solutions along with our extensive expertise in enterprise 5G rollouts and telecom innovations, we are proud to contribute toward achieving the clients strategic goals. L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), the company offers design, development, testing, and sustenance services across products and processes. The companys consolidated net profit increased 1.48% to Rs 315.70 crore despite a 3.9% decline in net sales to Rs 2,866 crore in Q1 FY26 over Q4 FY25. The scrip advanced 0.45% to currently trade at Rs 4246.50 on the BSE.
Time of India
27-07-2025
- Business
- Time of India
L&T Technology Services wins $60 mn deal from US telecom firm
NEW DELHI: Homegrown IT company L&T Technology Services ( LTTS ) on Saturday said it has won a multi-year contract worth $60 million (~₹510 crore) from a prominent US-based wireless telecoms services provider. 'This strategic engagement will see LTTS delivering advanced network software development and application engineering solutions,' LTTS said in a regulatory filing. Under the terms of the deal, LTTS said it will provide crucial engineering services, including R&D lab integration, new product development, and functionality testing for the customer's network software automation platforms. Additionally, LTTS will establish a delivery center in the United States to support and enhance project delivery. 'The engagement will leverage LTTS' capabilities in Smart World Connectivity and next generation networks to drive cutting-edge innovations for the client,' the company said. LTTS said it aims to expand its service offerings for the customers by integrating AI-powered test automation platforms to streamline new product development and enhance operational efficiency. 'This new agreement in our Tech segment with such a prestigious telecommunications leader reinforces our longstanding relationship and shared vision in next-generation communications, network automation, and AI,' said Amit Chadha , CEO & MD, L&T Technology Services. 'By leveraging our Smart World connectivity solutions along with our extensive expertise in enterprise 5G rollouts and telecom innovations, we are proud to contribute toward achieving the client's strategic goals,' he added.
