L&T Tech wins $60 million software engineering engagement from US Tier-I telecom provider

L&T Technology Services Ltd. has signed a $60 million multi-year agreement with a US based provider of wireless telecommunications services.This strategic engagement will see LTTS delivering advanced network software development and application engineering solutions, the company said in an exchange filing.

Under the terms of the agreement, LTTS will provide crucial engineering services, including R&D lab integration, new product development, and functionality testing for the customer’s network software automation platforms.
Additionally, LTTS will establish a delivery center in the US to further support and enhance project delivery. The engagement will leverage LTTS’ capabilities in Smart World Connectivity and next generation networks to drive cutting-edge innovations for the client.LTTS is also looking ahead to expanding its service offerings for the client by integrating AI-powered test automation platforms to streamline new product development and enhance operational efficiency.

Shares of L&T Technology Services Ltd. ended with losses of 1.92% on Friday at ₹4,217.70. The stock is down 10% on a year-to-date basis.