L&T Technology Services Secures $100 Million Multi-Year Contract from US Industrial Equipment Manufacturer
L&T Technology Services (LTTS) has signed a multi-year $100 million agreement with a US-based industrial equipment manufacturer in the semiconductor industry. LTTS will support new product development, sustenance engineering, value engineering, and platform automation. The company will establish a Center of Excellence to accelerate innovation and simplify platforms. LTTS will leverage its expertise in AI, computer vision, and automation technologies for this engagement. The company's Board of Directors is set to meet on October 17 to review and approve financial results for the quarter and half-year ended September 30.

*this image is generated using AI for illustrative purposes only.
L&T Technology Services Limited (LTTS), a global leader in AI, Digital & ER&D Consulting Services, has announced a significant milestone in its Sustainability segment. The company has secured a $100 million multi-year agreement with a US-based industrial equipment manufacturer serving the semiconductor value chain.
Contract Details
Under the terms of the agreement, LTTS will support the client's initiatives across several key areas:
- New product development
- Sustenance engineering
- Value engineering
- Platform automation
The company will leverage its deep expertise in AI, computer vision, and next-generation automation technologies to deliver these services.
Center of Excellence
As part of the engagement, LTTS will establish a Center of Excellence (CoE) to support the client in:
- Accelerating innovation
- Simplifying platforms
- Application engineering
- Transitioning towards a more digital and AI-enabled future
Strategic Importance
Amit Chadha, CEO & Managing Director of L&T Technology Services, commented on the significance of this contract:
"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 program. This engagement underscores LTTS' expertise in leveraging AI-driven innovation to address complex engineering challenges in high-growth industries."
Chadha further emphasized that by harnessing LTTS' capabilities in AI, automation, and product engineering, they are empowering their client to expand market share and stay ahead of the curve.
Company Profile
L&T Technology Services is a listed subsidiary of Larsen & Toubro (L&T) and offers design, development, testing, and sustenance services across products and processes. The company focuses on growth across the Mobility, Sustainability, and Tech segments.
Key facts about LTTS:
| Category | Details |
|---|---|
| Customer base | 69 Fortune 500 companies and 57 top ER&D companies |
| Industries served | Industrial products, medical devices, transportation, telecom & hi-tech, and process industries |
| Headquarters | India |
| Global presence | Over 23,600 employees across 23 global design centers |
| Offices and labs | 30 global sales offices and 105 innovation labs |
Upcoming Financial Results
LTTS has announced that its Board of Directors will meet on October 17 to consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30. The company will also host an earnings conference call on the same day at 7:00 PM IST to discuss the results with investors and analysts.
This new contract win, coupled with the upcoming financial results, highlights LTTS's continued growth and strong position in the global engineering services market.
Historical Stock Returns for L&T Technology Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.77% | -0.57% | -0.41% | -6.26% | -21.51% | +140.65% |
















































