L&T Technology Services soars on bagging $80 million deal in sustainability segment
L&T Technology Services is currently trading at Rs. 5274.05, up by 151.65 points or 2.96% from its previous closing of Rs. 5122.40 on the BSE.
The scrip opened at Rs. 5125.10 and has touched a high and low of Rs. 5355.00 and Rs. 5125.10 respectively. So far 2103 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5990.00 on 29-Aug-2024 and a 52 week low of Rs. 4228.00 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 5502.50 and Rs. 5110.00 respectively. The current market cap of the company is Rs. 55850.99 crore.
The promoters holding in the company stood at 73.66%, while Institutions and Non-Institutions held 18.25% and 8.09 % respectively.
L&T Technology Services (LTTS) has secured a multiyear deal worth $80 million from a US-based manufacturer of industrial products and solutions. This strategic partnership will accelerate the client’s digital transformation through the integration of advanced technologies, including connected products and the digital thread, paving the way for greater innovation at scale.
This net new latest deal win in the Sustainability segment will see LTTS establish a dedicated Center 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). This initiative is designed not only to support the client’s transformation journey but also to enable the expansion of their global footprint, particularly in new age and digital technologies that are redefining industries worldwide.
L&T Technology Services is a leading global pure-play engineering research and development (ER&D) services company.
