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L&T Technology Services Ltd (LTTS) has secured a $100 million multi-year agreement with a US-based industrial equipment manufacturer in the semiconductor value chain, marking a major milestone for the company’s Sustainability segment.
As part of the strategic partnership, LTTS will support the client across new product development, sustenance engineering, value engineering and platform automation. The deal also includes the establishment of a dedicated Center of Excellence to drive innovation, simplify platforms, accelerate application engineering, and enable a shift towards digital and AI-powered operations.
Amit Chadha, CEO & Managing Director, L&T Technology Services, said, "This engagement underscores LTTS’ expertise in leveraging AI-driven innovation to address complex engineering challenges in high-growth industries. By harnessing our capabilities in AI, automation, and product engineering, we are empowering our client to further expand their market share and stay ahead of the curve."
LTTS, a subsidiary of Larsen & Toubro, serves 69 Fortune 500 companies and 57 top ER&D firms across sectors, including industrial products, medical devices, transportation, telecom, and process industries. The company employs over 23,600 people globally.
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As part of the strategic partnership, LTTS will support the client across new product development, sustenance engineering, value engineering and platform automation. The deal also includes the establishment of a dedicated Center of Excellence to drive innovation, simplify platforms, accelerate application engineering, and enable a shift towards digital and AI-powered operations.
Amit Chadha, CEO & Managing Director, L&T Technology Services, said, "This engagement underscores LTTS’ expertise in leveraging AI-driven innovation to address complex engineering challenges in high-growth industries. By harnessing our capabilities in AI, automation, and product engineering, we are empowering our client to further expand their market share and stay ahead of the curve."
LTTS, a subsidiary of Larsen & Toubro, serves 69 Fortune 500 companies and 57 top ER&D firms across sectors, including industrial products, medical devices, transportation, telecom, and process industries. The company employs over 23,600 people globally.
Catch live market updates with CNBC-TV18.com's blog
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