Thursday , August 24 2017
Financials News

L&T Technology clinch multi-million dollar contract

L&T Technology clinch multi-million dollar contract

New Delhi :L&T Technology Services, an arm of engineering giant Larsen and Toubro, today 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.

Earlier in September 2016, L&T Technology Services’ IPO of Rs. 900 crore had hit the market.

Shares of L&T Tech were trading 0.79 per cent higher at Rs 857.90 on the Bombay Stock Exchange (BSE).

PTI