LTTS gains on signing framework agreement with Shell
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L&T Technology Services is currently trading at Rs. 4848.25, up by 8.30 points or 0.17% from its previous closing of Rs. 4839.95 on the BSE.
The scrip opened at Rs. 4865.40 and has touched a high and low of Rs. 4865.40 and Rs. 4813.00 respectively. So far 293 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5884.95 on 08-Apr-2024 and a 52 week low of Rs. 4107.20 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 5060.00 and Rs. 4811.85 respectively. The current market cap of the company is Rs. 51220.86 crore.
The promoters holding in the company stood at 73.69%, while Institutions and Non-Institutions held 17.53% and 8.77% respectively.
L&T Technology Services (LTTS) has signed a long-term framework agreement with Shell, one of the world's largest energy companies. The multi-year framework agreement will see LTTS providing Integrated Engineering and Procurement Services along with Digital Engineering Services, Data Governance for Capital Projects and Digital Project Management Consultancy for Shell’s global assets as necessary.
With over two decades of experience in engineering, manufacturing services, digital transformation, and data services, LTTS is positioned well to support Shell on a global scale deploying their unique global delivery model to delivering projects.
L&T Technology Services is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services.
