L&T Technology Signs Multi-Million Dollar Deal With Global Semi-Conductor Firm
Management believes focus on key customers is bearing fruit
Larsen And Toubro Technology Services Ltd., the engineering research development arm of infrastructure company Larsen and Toubro Ltd., has inked a multi-year, multi-million dollar deal with a global semi-conductor company.
The deal will enable the company to provide verification support to the semi-conductor company’s portfolio of offerings and products, L&T Technology Services said in a press release.
The strategic tie-up is to enable the customer to capitalize on market opportunities with superior quality products. The company’s focussed effort on key customers is paying off, Keshab Panda, the managing director and chief executive officer of L&T Technology Services said in the press release.
We have been awarded a multi-year partnership with one of the world’s most respected technology companies. We will continue to provide cutting edge services and solutions to global customers.Keshab Panda, MD And CEO, L&T Technology Services
As of 9:45 a.m., shares of L&T Technology Services gained 0.5 percent to Rs 857.50 per share.