Engineering and technology services provider L&T Technology Services Ltd (LTTS) on Wednesday, December 4, said that it has secured a $50 million deal from a leading global network solutions firm to provide Product Integration Services in North America, ensuring seamless deployment and support for customers across the region.
The multi-year agreement will enable the company to provide comprehensive support for the client’s advanced networking solutions, ensuring seamless integration and success for customers across the region, LTTS said in a stock exchange filing.
The company has not disclosed the name of the entity from whom the contract has been secured.
LTTS will leverage its capabilities in AI and automation frameworks for the project deployment and execution, as per the deal.
The partnership combines LTTS’ deep expertise in engineering and R&D services with the client’s cutting-edge wireless networking solutions.
Additionally, the companies aim to offer secure LTE and 5G private networks across industries, unlocking new opportunities and enabling future-ready operations.
The partnership will address current market demands while positioning itself for upcoming 5G advancements under 3GPP standards.
“This strategic engagement represents a significant milestone for LTTS, marking our first sizable breakthrough in global markets by leveraging the deep expertise of our Smart World & Communication (SWC) division in managing communication networks. By integrating a GLOCAL services model, cutting-edge automation and AI-driven frameworks, we will deliver value and reliability to our customer,” said Amit Chadha, CEO and Managing Director, L&T Technology Services.
L&T Technology Services posted a 2% year-on-year growth in net profit at ₹319.6 crore. LTTS’ revenue stood at ₹2,572.9 crore, a 4.5% YoY growth compared to the same period last year.
A listed subsidiary of Larsen & Toubro (L&T), the company offers design, development, testing and sustenance services across products and processes.
Shares of LTTS were trading flat at ₹5,315.05 apiece, up 0.02%, on the BSE at 10:46 am.
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