LTTS Gets New Contract of $50 Million

Mumbai, 25 June 2025: L&T Technology Services Limited (BSE: 540115, NSE: LTTS) has secured a contract worth in excess of USD 50 million with a leading global energy corporation. This five-year framework, centred on Enterprise Data & Digital Services, considerably enhances LTTS’s agenda to bolster sustainability across the energy sector.

Strategic Agreement Overview

LTTS has been appointed the sole global engineering partner for the energy client’s ongoing digital transformation across its international operations. By deploying its global‑delivery model, engineering know‑how and advanced tech capabilities, LTTS will streamline data and digital services enterprise‑wide under a long‑term framework agreement.

Amit Chadha, CEO & MD of LTTS, commented:

“This substantial sustainability‑segment contract with a globally recognised energy leader reflects LTTS’s distinctive capacity. We’ve provided enabling engineering support to over 600 large‑scale plants worldwide. By integrating our plant engineering legacy with next‑generation technologies, we will drive our client’s digital transition and improve operational efficiency.”

 Key Deal Highlights

This new agreement reinforces a ten-year collaboration between LTTS and the anonymous energy client, signaling a reinforced commitment to digital sustainability within their ecosystem.

The Bigger Picture

Beyond this contract, LTTS has recently expanded its sustainability credentials through several initiatives:

1. Major ESG-focused engagements – Over the past year, LTTS has secured multiple green tech projects within the oil & gas and utilities sectors, enhancing data-driven environmental performance.
2. Carbon‑tech innovation centre – Earlier this quarter, LTTS launched a zero-carbon digital platform aimed at optimising industrial emissions monitoring and analytics.
3. Investment in talent and infrastructure – Since FY24, LTTS has recruited over 1,000 specialists in cloud, AI and data analytics devoted to sustainability services, and has upgraded three innovation labs in Europe and North America to support electrification and decarbonisation projects.

These developments not only complement the current USD 50 million deal but also demonstrate LTTS’s broader direction — delivering return‑on‑investment through digitalisation that helps clients minimise carbon footprints and enhance operational resilience.

About L&T Technology Services

LTTS, a publicly listed arm of Larsen & Toubro, excels in engineering R&D services. It serves 69 Fortune 500 companies and 57 leading international ER&D firms across verticals such as mobility, sustainability, telecom & hi‑tech, industrial products, and medical devices. As of 31 March 2025, LTTS employs over 24,250 people and operates 108 innovation labs, 30 sales offices and 23 design centres worldwide.

Outlook

In securing this high‑value sustainability agreement, LTTS is set to deepen its role as a key enabler of digital transformation in heavy industry. The company forecasts further scope expansion across adjacent energy segments, leveraging its sustainability track record to pursue additional** global green-tech contracts** over the coming years.

REF: https://nsearchives.nseindia.com/corporate/LTTS_25062025085538_PressReleaseDSC.pdf

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