L&T Technology Services announced a major milestone in its Sustainability segment with the signing of a $100 million multi-year agreement with a US-based industrial equipment manufacturer serving the semiconductor value chain.
In an exchange filing, the company disclosed that, under the terms of the agreement, LTTS will support clients’ initiatives across new product development, sustenance engineering, value engineering, and platform automation, leveraging its deep expertise in AI, computer vision, and next-generation automation technologies.
LTTS will also establish a Centre of Excellence (CoE) to support the client in accelerating innovation, simplifying platforms, application engineering, and transitioning towards a more digital and AI-enabled future.
Amit Chadha, CEO & Managing Director, L&T Technology Services, said, “We deeply value the trust and confidence our client has placed in us and are committed to further strengthening this relationship as we move ahead with this transformational programme.”
Chadha added that this engagement underscores LTTS’s expertise in leveraging AI-driven innovation to address complex engineering challenges in high-growth industries. “By harnessing our capabilities in AI, automation, and product engineering, we are empowering our client to further expand their market share and stay ahead of the curve,” he added.
Partnership with Siemens
Earlier in September, L&T Technology Services announced a partnership with Siemens to collaborate on advanced Machine & Line Simulation.
L&T Tech stated that through this partnership, it will utilise the digital technology portfolio of Siemens Limited to deliver simulation-driven automation and IIoT-enabled solutions for diverse sectors, including Automotive and Transportation, Industrial Products, and process and plant engineering.
“By combining Siemens’ flagship platforms, TIA Portal, Industrial Edge, and Tecnomatix, integrated with LTTS’ AI-driven engineering expertise, the partnership will accelerate digital adoption, improve precision in system design, and drive faster, smarter decision-making across manufacturing ecosystems.” L&T Tech said.
L&T Tech share price
L&T Technology Services share price is flat in trade today but it has declined by 9 per cent over the last six months