L&T Technology Services moves up on signing multi-year engineering services partnership with bp
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L&T Technology Services is currently trading at Rs. 4980.60, up by 37.70 points or 0.76% from its previous closing of Rs. 4942.90 on the BSE.
The scrip opened at Rs. 4976.85 and has touched a high and low of Rs. 4990.00 and Rs. 4957.05 respectively. So far 628 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5014.65 on 11-Dec-2023 and a 52 week low of Rs. 3218.00 on 20-Jan-2023.
Last one week high and low of the scrip stood at Rs. 5014.65 and Rs. 4686.05 respectively. The current market cap of the company is Rs. 52259.30 crore.
The promoters holding in the company stood at 73.77%, while Institutions and Non-Institutions held 16.68% and 9.55% respectively.
L&T Technology Services (LTTS) has signed a landmark multi-year engineering services partnership with bp, plc. one of the world's largest diversified energy companies. This collaboration underscores LTTS' domain expertise in the Energy segment, focusing on Engineering to drive productivity improvement. The relationship will leverage over 2 decades of LTTS’ experience in engineering, manufacturing services, digital and enterprise data management and address some of the most significant challenges for bp globally.
Together, both the companies intend to focus on improving operational excellence. The engagement areas are expected to include Engineering for Projects, turnarounds, maintenance improvements, technical writing, engineering data management & services for Sustainability initiatives.
L&T Technology Services is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services
