L&T Technology Services Secures $80 Million Digital Engineering Deal in Sustainability Segment

Bengaluru, India – January 29, 2025 – L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a global leader in engineering and technology services, has secured a multiyear $80 million contract with a US-based manufacturer of industrial products and solutions. This strategic partnership aims to accelerate digital transformation in the sustainability sector by integrating advanced technologies such as connected products and the digital thread.

Key Aspects of the Deal​

• LTTS will establish a dedicated Center of Excellence (CoE) in India as a global innovation hub.
• The initiative focuses on digital transformation, comprehensive product lifecycle management (PLM), and expansion into emerging digital technologies.
• LTTS will leverage its engineering expertise and 'Go Deeper to Scale' strategy to drive large-scale innovation.

CEO’s Statement​

Amit Chadha, CEO & Managing Director of LTTS, emphasized the significance of this engagement, stating:

“This engagement is a testament to LTTS’ ability to drive sustainable end-to-end digital transformation for global leaders. By combining AI-powered insights, digitally connected solutions, business-driven automation, and our deep engineering expertise, we aim to enable the client to bring high-quality products to market faster, ultimately delivering greater value to their customers.”

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Company Overview & Market Presence​

L&T Technology Services (LTTS), a subsidiary of Larsen & Toubro (L&T), provides design, development, testing, and sustenance services across various industries, including:

• Industrial products
• Medical devices
• Transportation
• Telecom & hi-tech
• Process industries

With 69 Fortune 500 companies and 57 top ER&D companies as clients, LTTS continues to expand its global footprint. As of December 31, 2024, the company had over 23,460 employees across 22 global design centers, 30 sales offices, and 108 innovation labs.

Conclusion​

This new contract underscores LTTS’ commitment to sustainable digital engineering and technological innovation. With a strong focus on AI-driven transformation and connected solutions, the company is set to play a pivotal role in shaping the future of sustainability-focused industries. As the demand for digital engineering services continues to rise, LTTS remains well-positioned for further growth in the global market.