Deal to combine plant engineering with technologies
L&T Technology Services Limited (BSE: 540115, NSE: LTTS) said its Sustainability segment has secured a US$50 million five-year agreement to be an exclusive global engineering partner for Enterprise Data and Digital Services for one of the world’s leading energy companies.
The agreement, announced on 25 June, underscores the client’s long-term commitment to sustainability, innovation and digital transformation. This strategic partnership builds on a trusted relationship between the Client and LTTS spanning over a decade https://www.bseindia.com/.
As per the agreement, LTTS will provide Enterprise Data and Digital Services for the client’s affiliates globally. With over two decades of experience in engineering, manufacturing services, digital transformation, and enterprise data management, LTTS is well-positioned to deliver significant value and insights to energy companies on a global scale, deploying its unique global delivery model https://digitalinasia.com/.
The deal has been finalized as a long-term framework agreement, with LTTS assuming greater responsibility in delivering high-performance, reliable and quality-driven digital services http://commerce.gov.in.
Amit Chadha, CEO and Managing Director of L&T Technology Services, commented on the development stating, “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 https://sbi.com.in/.
“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. Together, we are building a resilient, technology-driven roadmap for the energy industry https://www.meity.gov.in/.”
L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), it offers design, development, testing, and sustenance services across products and processes. Fiinews.com
