L&T Technology Services Signs 5-Year Nokia Deal; Shares Rise 0.71%

Mumbai, October 26: L&T Technology Services (LTTS) shares were trading at ₹3,938, up 0.71%, on Monday after the company announced a five-year collaboration with Nokia to support engineering and research and development (R&D) activities in India.

The agreement brings together LTTS’ engineering capabilities and Nokia’s telecommunications technology expertise, with work spanning product development, software development, system integration and ongoing support.

LTTS and Nokia to Establish Offshore Development Center

Under the agreement, LTTS will establish a dedicated Offshore Development Center (ODC) in India to support Nokia’s engineering and R&D programmes. The facility will focus on areas including next-generation computing and AI infrastructure.

LTTS will also create a dedicated engineering team in India to support Nokia’s global Technology Center. Its work will cover 5G networks, intelligent automation, AI-driven operations and AI infrastructure.

The collaboration aligns with LTTS’ Lakshya 31 strategy, which focuses on next-generation computing and AI infrastructure.

Stock Market Snapshot

The L&T Technology Services share price was trading 0.71% higher at ₹3,938 on Monday, October 26, 2026, compared with the previous close of ₹3,910.30. The stock opened at ₹3,900.

The shares were higher during the morning session as investors tracked the company’s latest business announcement. The price movement alone does not establish that the Nokia agreement caused the gain.

About L&T Technology Services

L&T Technology Services is an engineering, research and development services company and a subsidiary of Larsen & Toubro. It provides design, development, testing and engineering solutions across industries, including telecommunications, mobility, sustainability and technology.

Conclusion

The five-year Nokia collaboration expands LTTS’ role in engineering and R&D support, with a dedicated Indian development centre and team planned to support Nokia’s global technology programmes.

Source:

• https://www.nseindia.com/get-quote/equity/LTTS/L&T-Technology-Services-Limited
• https://nsearchives.nseindia.com/corporate/LTTS_26102026090847_25102026LTTSPRessreleasesd.pdf