L&T Technology Services has entered into a strategic go-to-market partnership with Databricks to co-develop and deliver Industrial AI solutions that advance Engineering Intelligence for asset-intensive enterprises. Anchored in LTTS' Sustainability segment, spanning Process Engineering, Discrete Manufacturing and Industrial Products, the partnership will support Energy, Petrochemicals and Industrials clients globally. The collaboration aims to transform complex plant data into actionable insights, enabling improved asset reliability, operational efficiency and sustainability performance.

Strategic Alliance for Engineering Intelligence

The partnership combines LTTS' deep domain capabilities and extensive experience across more than 600 major plants worldwide with Databricks' leading AI, analytics, and data capabilities. This alliance enables industrial enterprises to develop data and AI applications, intelligent agents and advanced analytics at scale, delivering measurable business value across the engineering and asset lifecycle.

Solutions and Operational Impact

Together, LTTS and Databricks will deliver solutions spanning Predictive Asset Reliability, Energy & Emissions Optimization, OEE and Production Intelligence, Quality Intelligence and Sustainability Analytics. The partnership combines real-time operational data, advanced AI and machine learning, and natural language-based insights to help engineers and manufacturing teams access, analyze and act on operational intelligence with greater speed and accuracy.

Executive Perspectives

Julien Debbard, Director for Energy and Utilities, Databricks, highlighted the critical gap the partnership addresses: "The bottleneck in energy and utilities has never been data; it's been context. Paired with the Databricks Platform, we can now encode that expertise and put it to work with every reliability engineer, plant operator, and sustainability team at scale and across the full asset lifecycle."

Alind Saxena, Executive Director & President – Strategic Initiatives & Growth Markets, L&T Technology Services, emphasized the outcomes-driven nature of the collaboration: "Through our Engineering Intelligence approach, this partnership with Databricks will combine industry-leading AI and data capabilities with LTTS' deep tech and engineering expertise to unlock value at scale."

L&T Technology Services concluded its 14th Annual General Meeting (AGM) on June 1, 2026, approving a final dividend of ₹40 per equity share for the financial year 2025-26. The meeting, held via video conferencing, also saw the adoption of the audited standalone and consolidated financial statements for the year ended March 31, 2026. Chairman Mr. S. N. Subrahmanyam highlighted that the company is undergoing a strategic shift towards becoming India’s first deep-tech Engineering Intelligence company, driven by the convergence of Engineering, Data, and AI.

The Chairman reported strong operational performance, noting that quarterly revenues have crossed USD 300 million with healthy margins and continued large-deal momentum. This growth is supported by a global client base that includes 69 Fortune 500 companies. The leadership is anchored in AI-first platforms such as PLxAI and AiNexus, supported by a portfolio of over 1,700 patents, including more than 230 in AI and GenAI alone.

Resolutions Passed

The shareholders approved seven resolutions during the meeting. These included the re-appointment of Mr. Alind Saxena and Mr. Rajeev Gupta as Executive Directors, and the appointment of Mr. Amitabh Kant and Ms. Sumithra Gomatam as Independent Directors. Dr. Keshab Panda was appointed as a Director retiring by rotation.

Meeting Proceedings

Mr. Prasad Shanbhag, Company Secretary & Compliance Officer, briefed the members on the conduct of the AGM. He informed that remote e-voting was provided from May 29 to May 31, 2026, and members could also cast votes during the AGM and up to 15 minutes after its conclusion. Mr. Alwyn D'Souza of M/s. Alwyn D'Souza & Co. was appointed to supervise the e-voting process. The voting results are expected to be declared within two working days and will be intimated to the Stock Exchanges.

Voting Results

The Scrutinizer's report confirmed that all resolutions were passed with the requisite majority. The final dividend of ₹40 per share received 99.99% approval, while the re-appointment of Mr. Alind Saxena and Mr. Rajeev Gupta secured 99.57% and 99.97% votes in favour respectively. The appointments of Independent Directors Mr. Amitabh Kant and Ms. Sumithra Gomatam were approved with 99.76% and 99.98% of the votes cast in favour.