A logo of L&T
Credit: Reuters File Photo
Bengaluru: Larsen & Toubro Technology Services (LTTS) on Wednesday signed a five-year agreement of over $50 million with a major global energy company. As part of the deal, LTTS will serve as the enterprise data and digital services provider across the client's international affiliates, according to a company statement. This partnership will span over a decade.
“By combining our proven track record in plant engineering with state-of-the-art new age technologies, we will support the client in their digital transformation while enhancing overall operational excellence,” said Chief Executive Officer and Managing Director Amit Chadha of L&T Technology Services.
The company had reported a net profit of Rs 311.1 crore for the January - March quarter, down 3.5% from Rs 322.4 crore in the previous quarter. Its revenue for the quarter rose 12.4% sequentially to Rs 2,982.4 crore from Rs 2,653 crore in the December quarter.