L&T technology services made a big deal of $ 6 million
L&T Technology Services (LTTS), one of India’s legendary engineering IT companies, has signed a multi -year deal of $ 60 million (about Rs 500 crore) with a major wireless telecom company in the US. This agreement is being considered a major step towards the company’s network software engineering capabilities globally expand. After opening the market on Monday, investors can keep a special eye on this stock.
L&T Technology Services gave information about this deal in the filing given to BSE. According to the company, this strategic partnership will be focused on strengthening the customer’s network software automation platform in the US. LTTS will provide services such as research and development, new product development and network functionality test under this project.
New delivery center will open in America
The company said that it will also set up a new delivery center in the US under this partnership, which will work with the aim of giving better support to the customer’s project. LTTS says that this deal will not only give acceleration to the next generation connectivity and smart network innovation.
The company’s CEO and managing director Amit Chadha said on this occasion, “This partnership will not only strengthen the relationship with our customer, but will also further expand our expertise in the field of 5G, network automation and AI.”
What does Ltts do?
L&T is a listed subsidiary of Technology Services, Larsen & Toubro, which works globally in engineering and technology -based solutions. The company offers services like product design, software development, testing and maintenance. As of 30 June 2025, the company has 23 Design Centers, 30 Global Sales offices and 105 Innovation Labs, with about 23,600 employees working.
Stock up to 22% in 52 weeks
LTTS shares closed at ₹ 4,227.30 on Friday. Its 52-week high has been ₹ 5,990, while low has gone up to ₹ 3,855. The market cap of the company is currently about ₹ 44,798 crore. In the last 6 months, this stock has fallen more than 22%, while it has seen a decline of about 18% in a year.
However, this new deal can strengthen the company’s growth possibilities and improve its perception in the market. In such a situation, the stock of LTTS can remain on the radar of investors in the upcoming business seasons.
Disclaimer: This article is only for information and should not be considered as an investment advice in any way. TV9 India suggests its readers and spectators to consult their financial advisors before taking any decision related to money.