L&T Technology Services Ltd

L&T Technology Services announced that it has been chosen by the TRATON GROUP, one of the world's leading manufacturers of commercial vehicles, as a strategic engineering partner. This collaboration in LTTS' Mobility segment will support TRATON's roadmap to build a unified, future-ready product development platform that delivers scale, speed, and sustainable mobility solutions worldwide. TRATON is reshaping its global R&D ecosystem to unlock cross-brand synergies while expanding the share of battery-electric vehicles in line with its 2029 profitability and sustainability targets. LTTS' selection will see the company provide engineering support, from mechanical and software engineering to digital systems integration - across key development hubs in Sweden, Germany, the United States, Poland, and India. The collaboration positions LTTS to deepen existing workstreams and pursue new programs across TRATON's brands, spanning software-defined vehicle architectures, electrified powertrains, autonomous & ADAS feature development, and advanced digital engineering toolchains. These capabilities align with LTTS' Mobility charter, leveraging its expertise in engineering intelligent and sustainable solutions to create safer, smarter, and more personalized mobility experiences for a global clientele. Powered by Capital Market - Live

This collaboration in LTTS' Mobility segment will support TRATON's roadmap to build a unified, future-ready product development platform that delivers scale, speed, and sustainable mobility solutions worldwide. With its four brands Scania, MAN, International, and Volkswagen Truck & Bus, the TRATON GROUP is one of the world's leading manufacturers of commercial vehicles. The portfolio consists of trucks, buses, and light-duty commercial vehicles, as well as the sale of spare parts and customer services. The group is reshaping its global R&D ecosystem to unlock cross-brand synergies while expanding the share of battery-electric vehicles in line with its 2029 profitability and sustainability targets. LTTS' selection will see the company provide engineering support, from mechanical and software engineering to digital systems integration - across key development hubs in Sweden, Germany, the United States, Poland, and India. The collaboration positions LTTS to deepen existing workstreams and pursue new programs across TRATON's brands, spanning software-defined vehicle architectures, electrified powertrains, autonomous & ADAS feature development, and advanced digital engineering toolchains. These capabilities align with LTTS' Mobility charter, leveraging its expertise in engineering intelligent and sustainable solutions to create safer, smarter, and more personalized mobility experiences for a global clientele. Alind Saxena, executive director & president - Mobility & Tech at L&T Technology Services, said: 'Being selected by TRATON GROUP is a testament to LTTS' leadership in next-generation Mobility engineering. This collaboration underscores our commitment to delivering cutting-edge solutions that align with TRATON's vision of sustainable and intelligent transportation. With our proven track record in engineering transformation, we are excited to help TRATON achieve its ambitious goals of electrification, autonomy, and digital innovation while redefining the future of commercial mobility. L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and maintenance services across products and processes. The company's consolidated net profit declined 3.5% to Rs 311.1 crore in Q4 FY25, compared to Rs 322.4 crore in Q3 FY25. Revenue from operations stood at Rs 2,982.4 crore in the March 2025 quarter, marking a 12.42% increase from Rs 2,653.0 crore reported in the previous quarter. The scrip rose 0.12% to currently trade at Rs 4358.85 on the BSE. Powered by Capital Market - Live

L&T Technology Services will hold a meeting of the Board of Directors of the Company on 16 July 2025.Powered by Capital Market - Live

thyssenkrupp Steering, a global leader in steering systems, and L&T Technology Services have announced a strategic agreement to establish a state-of-the-art software development center in Pune, India. This collaboration marks a significant milestone for both companies in enabling modern automotive software solutions. The new center highlights LTTS' expertise in its Mobility segment, dedicated to developing safety-critical software for advanced steering technologies, while supporting thyssenkrupp's global engineering expansion. This collaboration further solidifies LTTS' global reputation in engineering intelligent and sustainable mobility. LTTS will establish and manage the software hub in Pune on behalf of thyssenkrupp Steering. From core vehicle engineering to next-gen software innovation, LTTS enables clients to deliver safer, smarter, and more personalized user experiences ' a positioning further validated by its recognition as a Leader by research firm, Everest Group in the ACES Automotive Engineering Services PEAK Matrix Assessment (Electric). possesses a deep knowledge of new electrical/electronic (E/E) architectures and software, as well as strong competence in steering technology. Its activities also extend to forward looking developments such as the Vehicle Motion Control system, which enables higher comfort, advanced safety, and highly autonomous driving through the high-level integration of steering, brakes, drivetrain, and dampers. Powered by Capital Market - Live

L&T Technology Services has unveiled its state-of-the-art Engineering Design Center in Plano, Texas. This investment underscores LTTS' commitment to delivering advanced solutions in AI & Tech and establish more near shore centers tailored to the evolving needs of its clients. As an ITAR-compliant facility, the center is equipped to design, develop, and test defense-related products and systems. The new design hub will also focus on advanced cybersecurity solutions, including a Security Operations Center (SoC), an enabler for Smart City technologies. Starting with a capacity to house 100 engineers, the center aims to create more than 350 high-skilled jobs in core business segments including Mobility and Tech. Powered by Capital Market - Live

 L&T Technology Services announced that its Sustainability segment has been selected by one of the world's leading energy companies as its exclusive global engineering partner for Enterprise Data and Digital Services. The five-year agreement, valued at over USD 50 million, underscores the client's long-term commitment to sustainability, innovation and digital transformation. This strategic partnership builds on a trusted relationship between the Client and LTTS spanning over a decade. As per the agreement, LTTS will provide Enterprise Data and Digital Services for the client's affiliates globally. With over two decades of experience in engineering, manufacturing services, digital transformation, and enterprise data management, LTTS is well-positioned to deliver significant value and insights to energy companies on a global scale, deploying its unique global delivery model. The deal has been finalized as a long-term framework agreement, with LTTS assuming greater responsibility in delivering high-performance, reliable, and quality-driven digital services. Powered by Capital Market - Live

The five-year agreement, valued at over $50 million, underscores the client's long-term commitment to sustainability, innovation and digital transformation. This strategic partnership builds on a trusted relationship between the client and LTTS spanning over a decade. As per the agreement, LTTS will provide enterprise data and digital services for the client's affiliates globally. The deal has been finalized as a long-term framework agreement. Amit Chadha, CEO and managing director of L&T Technology Services, said: 'This large deal win in our Sustainability segment with a leading energy major has been possible due to LTTS' unique credentials which include enabling over 600 major plants across the globe. By combining our proven track record in plant engineering with state-of-the-art new age technologies, we will support the client in their digital transformation while enhancing overall operational excellence.' L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and maintenance services across products and processes. The company's consolidated net profit declined 3.5% to Rs 311.1 crore in Q4 FY25, compared to Rs 322.4 crore in Q3 FY25. Revenue from operations stood at Rs 2,982.4 crore in the March 2025 quarter, marking a 12.42% increase from Rs 2,653.0 crore reported in the previous quarter. The scrip rose 0.49% to currently trade at Rs 4352 on the BSE. Powered by Capital Market - Live

CRISIL Ratings has revised the ESG rating of 'CRISIL ESG 68' to 'CRISIL ESG 69' under the category 'Strong'.Powered by Capital Market - Live

L&T Technology Services signed strategic agreement with Tennant Company (NYSE: TNC), a world leader in sustainable cleaning solutions. As part of the agreement, LTTS will set up a dedicated state-of-the-art Offshore Development Center (ODC) with a scalable engineering team to support Tennant's efforts across New Product Development, product Life Cycle Management, and key business functions. This strategic work between the two companies aims to accelerate the development of cutting-edge industrial cleaning technologies, leveraging LTTS' deep expertise in embedded systems, expertise in IoT (Internet of Things) and digital engineering to drive efficiency and sustainability. It also reflects LTTS' broader commitment to advancing its sustainability vision by fostering eco-friendly and energy efficient engineering solutions that contribute to a greener future. With a dedicated team of highly skilled engineers, the ODC will focus on enhancing Tennant's product innovation, optimizing performance, and integrating smart automation into its industrial cleaning portfolio. The collaboration also sets the stage for broader innovation in emerging markets, particularly in the Asia-Pacific region.Powered by Capital Market - Live

L&T Technology Services announced that it has signed a Memorandum of Understanding (MoU) with the Birla Institute of Technology and Science (BITS) Pilani and the Center for Research and Excellence in National Security (CRENS). This landmark collaboration aims to drive research & development (R&D), innovation, and skill development in areas critical to national security, including cybersecurity, perimeter security, digital forensics, and emerging technologies. CRENS, hosted at the BITS Pilani Hyderabad campus, will serve as the central hub for this collaboration to interface with law enforcement, industry experts, and academic researchers, fostering technological advancements and robust skill-building initiatives. With active involvement from defense experts, including former leaders from the armed forces and Defence Research and Development Organisation (DRDO), CRENS ensures a real-world influence on the partnership's projects. LTTS has vast experience of setting up over 25 smart & safe city command centers, 100+ engineering labs, Cyber Threat Analytics Center & SOCs, powered by advanced AI solutions and LTTS Fusion', an Integrated Operations Center Platform in realms of public safety & cyber security and border & critical infra perimeter security. Through this MoU, LTTS and BITS Pilani will also collaborate on resources, sharing technical infrastructure, research labs, and expertise to mutually enhance their capabilities. Additionally, the ecosystem will create enduring platforms for co-hosting conferences, innovation boot camps, and mentoring programs to address evolving security needs.Powered by Capital Market - Live