Tag Archive for L&T

L&T Technology Services posts robust growth & operational performance in Q3

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

L&T Technology Services (BSE: 540115, NSE: LTTS), India’s leading pure-play engineering services company, announced its results for the third quarter ended December 31, 2018.

 

Highlights for Q3FY19 include:

 

  • USD Revenue at $185.7 million; growth of 4.8% QoQ and 23% YoY
  • Revenue at ₹13,169 million; growth of 4% QoQ and 36% YoY
  • EBITDA margin at 18.4%; up by 310bps YoY
  • Net profit at ₹1,856 million; growth of 47% YoY

 

During the quarter, LTTS won 8 multi-million dollar deals across all industry segments. On a YoY basis, LTTS has increased its USD50mn+ clients by 2, USD10mn+ clients by 4 and its USD5mn+ clients by 10.

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L&T Technology Services wins IoT Platforms Leadership Award 2018 for its Integrated MCare solution powered by UBIQWEISE 2.0™

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

L&T Technology Services Limited (NSE: LTTS), a leading global pure play engineering services company has been honored with the 2018 IoT Platforms Leadership Award by IoT Evolution Magazine, a U.S. based technology publication. LTTS secured the recognition for their IoT powered Condition Based Monitoring (CBM) Solution ‘Integrated MCare’ that facilitates predictive maintenance of machines.

Integrated MCare, LTTS’ turnkey solution which leverages the Company’s IoT platform UBIQWEISE 2.0™ incorporates next-gen technologies like artificial intelligence & IoT that aids manufacturers in making informed decisions in a timely manner. The solution incorporates integrated machine learning algorithms to analyze critical data from industrial machinery used in a variety of sectors. Integrated MCare has been successfully deployed for over a dozen global customers across industries like Automotive, Energy and CPG.

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Continental honors L&T Technology Services with Supplier of the Year Award

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. Gaurav Gupta (Centre), Chief Business Officer, Europe at L&T Technology Services with the Supplier of the Year award from Continental, along with officials from Continenta

L&T Technology Services (NSE: LTTS), a leading global pure play engineering services company, has been conferred with the ‘Supplier of the Year 2017 Award’ by Continental, a leading German technology company. LTTS is the only engineering partner to have been awarded the prestigious accolade.

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L&T Technology Services (LTTS) wins USD 40 million Engineering Content Management (ECM) Deal in Europe

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By Vivek K. Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

L&T Technology Services Limited (NSE: LTTS), a leading global pure-play engineering services company, today announced that it has won a multi-year deal to provide digital content management services to a leading technology company’s industrial products segment.

The deal is expected to run for a period of 5 years with an aggregate revenue potential of USD 40 million, covering Engineering Content Management (ECM) programs in the US and European regions.

LTTS will leverage centers in Europe, US & India while assuming complete ownership and talent to manage content for all current and future product suites for the customer. This would include technical design specifications, diagnostic solutions for service engineers and product training for customers & engineers, thereby supporting the entire ECM cycle from product conceptualization to developing digital content platforms. Read more

L&T Technology Services enters into agreement to acquire Graphene Semiconductor Services

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

L&T Technology Services Limited (NSE: LTTS), a leading global pure-play engineering services company, has executed a definitive agreement to acquire 100% stake in Bangalore-based Graphene Semiconductor Services Private Limited (“Graphene”) by way of an all cash deal. The transaction is expected to be consummated by October 2018.

Graphene is one of the fastest growing companies in the Semiconductor Services domain with a presence in India, Singapore, Taiwan, and Malaysia. Counting 10 of the world’s top semiconductor fabrication and fabless companies as its customers, Graphene provides end-to-end solutions— right from chip design, embedded software, all the way through providing support to mass manufacturing, thereby being a one-stop service and solution provider. Graphene was awarded the title of “Best Startup 2016″ by Mentor Graphics and Silicon India. Graphene had revenues of INR 663 million for the year ended March 31, 2018. Read more

L&T Technology Services Honours India’s Brightest Engineering Students at TECHgium®

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Winners of TECHgium® 2018- Sri Ramakrishna Engineering College, Coimbatore, Tamil Nadu with Dr. Keshab Panda, CEO & MD, L&T Technology Services

L&T Technology Services Limited (NSE: LTTS), a leading global pure-play Engineering R&D Services company today announced the winners of the second edition of its unique industry academia initiative TECHgium®. Covering hundreds of engineering colleges across the country, including several top tier engineering institutes, TECHgium® is a first of its kind initiative in India to scout for and recognize the best of engineering talent among the fresher community.

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German chemical major Covestro awards L&T Technology Services Multi-Million Dollar ER&D project

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By  Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Germany’s Covestro, a world-leading manufacturer of high-tech polymer materials, has chosen L&T Technology Services Limited (NSE: LTTS), as one of its major engineering services partners to implement digitalization based Engineering Programs across Covestro’s global locations. L&T Technology Services, a global leading pureplay ER&D services company, has been awarded a multi-million dollar contract by Covestro to execute these engineering transformational programs.

Covestro is running a digitalization program for engineering, operations and maintenance activities: “OSI2020” (Optimized System Integration). Within this program, L&T Technology Services has been selected as the engineering partner to drive digital transformation across Covestro’s 8 global locations, especially in the area of data migration.

Covestro has also embarked upon another strategic initiative to harmonize their Global Engineering Standards & Practices to increase efficiency of Capital Investment Projects. LTTS is the preferred partner to assist Covestro in defining, developing and maintaining these standards in line with global practices. This will include updating & improving engineering standards & specifications backed up with knowledge management & cognitive learning tools. Read more

L&T Technology Services’ industry academia skill building initiative TECHgiumR, receives record breaking participation

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

L&T Technology Services Limited (NSE: LTTS), a leading global pure-play Engineering R&D Services company, today announced the formal launch of the second edition of its unique industry academia initiative TECHgium®. A nationwide platform for talented engineering graduates to solve real-world engineering problems, TECHgium® finalists will be eligible for employment in L&T Technology Services based on the strength of their concepts and solutions. Read more

New Generation Sterling Generators DG Sets Powered by Perkins Engines

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By K.Ashwin Mob: 09920183006 Email: indianshowbusiness@gmail.com

Sterling Generators – One of the largest Manufacturer of DG Sets in Asia, presents new generation Sterling Generators DG Sets powered by Perkins 4000 series engines that offer you a choice of 6, 8, 12 and 16 cylinder options to ensure you have the exact engine to suit your specific power generation needs. Read more