Over USD 200 million Order Book: Larsen And Toubro-Baked IT-Software Company Secures USD 60 Million Software Engineering Deal with US Telecom Giant
DSIJ Intelligence-2Categories: Mindshare, Trending
The stock is up over 5.65 per cent from its 52-week low of Rs 3,966 per share.
L&T Technology Services Limited (LTTS), a prominent global engineering and technology services company, announced a significant multi-year software engineering engagement valued at approximately $60 million. This strategic agreement is with a leading U.S.-based provider of wireless telecommunications services, further solidifying a decade-long partnership between the two entities.
Under the terms of the agreement, LTTS will deliver advanced network software development and application engineering solutions. The scope of services includes crucial engineering support such as R&D lab integration, new product development, and functionality testing for the client's network software automation platforms. To enhance project delivery, LTTS plans to establish a new delivery centre in the United States. This engagement will leverage LTTS' expertise in Smart World Connectivity and next-generation networks to drive cutting-edge innovations for the client.
DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, download the service details here.
Amit Chadha, CEO and Managing Director of L&T Technology Services, commented on this development, highlighting that the agreement reinforces their long-standing relationship and shared vision in next-generation communications, network automation, and AI. He emphasised that by utilising LTTS' Smart World connectivity solutions, coupled with extensive experience in enterprise 5G rollouts and telecom innovations, the company is proud to contribute to the client's strategic goals. The company also intends to expand its service offerings for the client by integrating AI-powered test automation platforms to streamline new product development and improve operational efficiency. LTTS' proactive investments in state-of-the-art labs, customised solutions, and nearshore centres were instrumental in securing this engagement, demonstrating their commitment to delivering value-driven engineering expertise.
L&T Technology Services is headquartered in India and, as of June 30, 2025, employs over 23,600 individuals across 23 global design centres, 30 global sales offices, and 105 innovation labs. The company's customer base includes 69 Fortune 500 companies and 57 top ER&D companies.
The company has a market cap of over Rs 44,000 crore and as of March 31, 2025, it has an order book of Rs 973 crore. The stock is up over 5.65 per cent from its 52-week low of Rs 3,966 per share.
L&T Technology Services (LTTS) is a global leader in engineering and technology services, offering comprehensive design, development, testing, and sustenance services across various products and processes. A listed subsidiary of Larsen & Toubro (L&T), LTTS operates across diverse segments including Mobility, Sustainability, and Tech. The company serves a wide range of industries, including industrial products, medical devices, transportation, telecom & hi-tech, and process industries. Their services leverage advanced technologies in areas such as network automation, AI, 5G rollouts, and Smart World connectivity solutions, enabling clients to achieve strategic goals through innovation and digital transformation.
Disclaimer: The article is for informational purposes only and not investment advice.