LTTS Bags Another $50 Million Deal In Sustainability Segment

L&T Technology Services Limited (LTTS) announced a USD 50 million deal with a leading energy company for its sustainability segment as global engineering partner for Enterprise Data and Digital Services. 

The company said the strategic partnership builds on a trusted relationship between the client and LTTS that has spanned over a decade. 

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 said it is well-positioned to deliver significant value and insights to energy companies globally, deploying its unique global delivery model.

It said the deal has been finalised as a long-term framework agreement, with LTTS assuming greater responsibility for delivering high-performance, reliable, and quality-driven digital services. 

“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,” Amit Chadha, CEO and managing director of LTTS, said. 

“Together, we are building a resilient, technology-driven roadmap for the energy industry.”

Earlier this year, in the same segment (Sustainability), LTTS announced that it has secured a multi-year $80 million contract with a US-based industrial products manufacturer to drive digital transformation.

“This net new deal win in the Sustainability segment will see LTTS establish a dedicated Centre of Excellence (CoE) in India, which will act as a global innovation hub enabling the client to focus on digital transformation and comprehensive product lifecycle management (PLM),” the company had informed.