Business Standard

Monday, December 23, 2024 | 05:26 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

L&T Technology bags multi-million dollar contract

An IPO completed by the company on September 15 and was worth Rs 900 crore has hit the market this year

A man waits at a bus-stop with an advertisement of Larsen & Toubro outside the company's manufacturing unit in Mumbai

A man waits at a bus-stop with an advertisement of Larsen & Toubro outside the company's manufacturing unit in Mumbai

Press Trust of India New Delhi
L&T Technology Services, an arm of engineering giant Larsen and Toubro, said it has secured a multi-million dollar contract from a large global semi-conductor company to provide verification support on their expansive portfolio of offerings and products.

“This strategic tie-up between the two companies will enable the customer to strengthen its product offering and capitalise on market opportunities with superior quality products,” L&T Tech said in a BSE filing.

“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,” L&T Tech CEO & MD Keshab Panda said.
 

An initial public offering completed by the company on September 15 and was worth  Rs 900 crore has hit the market this year.

Shares of L&T Tech were trading 0.79 per cent higher at Rs 857.90 on the BSE.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 19 2016 | 4:13 PM IST

Explore News