Larsen And Toubro-Baked IT-Software Company Wins USD 100 Million Multi-Year Program from US-Based Industrial Equipment Manufacturer
DSIJ Intelligence-1Categories: Mindshare, Trending
The company has been maintaining a healthy dividend payout of 41.7 per cent.
L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a global leader in AI, Digital & ER&D Consulting Services, today announced a major milestone in its Sustainability segment with the signing of a USD 100 million multi-year agreement with a US-based industrial equipment manufacturer catering to the Semiconductor value chain.
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Under the terms of the agreement, LTTS will support the clients’ initiatives across new product development, sustenance engineering, value engineering and platform automation, leveraging its deep expertise in AI, computer vision and next-gen automation technologies. LTTS will also set up a Centre of Excellence (CoE) to support the client in accelerating innovation, simplifying platforms, application engineering and transitioning towards a more digital and AI-enabled future.
About the Company
L&T Technology Services (LTTS), a listed subsidiary of Larsen & Toubro (L&T), is a global leader in Engineering and R&D (ER&D) Consulting Services, specialising in design, development, testing and sustenance across products and processes. With a focus on high-growth areas like AI, Digital, Mobility and Sustainability, LTTS serves a large number of Fortune 500 and top ER&D companies across diverse industries. The company maintains a strong international presence, leveraging its expertise through over 20,000 employees in global design centres and innovation labs.
The shares of the company have an ROE of 22 per cent and an ROCE of 28 per cent. The company has been maintaining a healthy dividend payout of 41.7 per cent. Order
Disclaimer: The article is for informational purposes only and not investment advice.