L&T Technology Services gains on unveiling two new design and prototyping centers in USA
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L&T Technology Services is currently trading at Rs. 3771.60, up by 16.30 points or 0.43% from its previous closing of Rs. 3755.30 on the BSE.
The scrip opened at Rs. 3739.60 and has touched a high and low of Rs. 3812.95 and Rs. 3739.60 respectively. So far 5755 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5958.10 on 04-Jan-2022 and a 52 week low of Rs. 2923.35 on 04-Jul-2022.
Last one week high and low of the scrip stood at Rs. 3840.10 and Rs. 3701.40 respectively. The current market cap of the company is Rs. 39789.26 crore.
The promoters holding in the company stood at 73.87%, while Institutions and Non-Institutions held 14.04% and 12.10% respectively.
L&T Technology Services has inaugurated two new design and prototyping centers in Peoria, Illinois, USA, to support the digital engineering programs of customers. The two centers of excellence (CoE) will complement the existing LTTS flagship design center in Peoria. The new centers- 1DigitalPlace and Electrification & Prototyping Center- will offer services in digital manufacturing and next-gen electrification solutions across the transportation, medical, and hi-tech domains.
The 1DigitalPlace Center of Excellence leverages next generation manufacturing technologies to enable customers redefine their product journeys - from concept development through launch. It will help drive innovative solutions across the digital manufacturing spectrum, in key areas including artificial intelligence (AI), robotics, 3D-vision systems, and connected machines.The Electrification & Prototype center is a state-of-the-art turnkey design facility providing services across the value chain. Powered by the latest in production automation technologies, LTTS' newest CoE is capable of enabling the entire spectrum from conception through schematics, to physical prototype harness development in HIL test benches. It is helping expand and deepen our industry-leading expertise across electrification, UAVs, marine engineering solutions, and autonomy for end-to-end support.
L&T Technology Services is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services.
