L&T Technology Services Wins $60 Million Software Deal from US Telecom Giant

L&T Technology Services (LTTS) has signed a multi-year software engineering deal worth approximately $60 million with a top-tier U.S.-based wireless telecom provider. This deal strengthens LTTS’s tech segment and marks a significant step in its long-term partnership with the client.

What the Deal Includes

Under the agreement, LTTS will deliver advanced services like:

• Network software development
• Application engineering
• R&D lab integration
• New product development
• Functionality testing

To support this project more efficiently, LTTS will also set up a new delivery centre in the U.S.

A Decade-Long Partnership Grows Stronger

LTTS has been working with this telecom provider for over 10 years. The new deal highlights the trust and value built over the years. LTTS’s investment in advanced labs, nearshore centres, and customised engineering solutions helped seal this deal.

Focus on Innovation and AI

LTTS is also planning to add AI-powered test automation to improve product development and streamline operations. The company aims to support the client’s goals in network automation, 5G, and smart connectivity.

Amit Chadha, CEO and MD of LTTS, said the agreement reaffirms their shared vision in the areas of next-generation communications, AI, and network automation. He added that LTTS is proud to contribute to the client’s strategic growth.

About LTTS

L&T Technology Services is a listed subsidiary of Larsen & Toubro and offers engineering services across sectors like telecom, transportation, medical devices, and industrial products. As of June 30, 2025, the company has over 23,600 employees, 23 global design centres, and 105 innovation labs.

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LTTS Share Price Movement

As of July 28, 2025, L&T Technology Services share price (NSE: LTTS) is trading at ₹4,243.80, reflecting a gain of 180.80% over the past five years. The stock opened at ₹4,230.60 and reached a high of ₹4,263.30 and a low of ₹4,211.30 during the day. It has a market capitalisation of ₹44,980 crore, a P/E ratio of 35.49, and offers a dividend yield of 1.30%. The company’s quarterly dividend amount is ₹13.80 per share. Over the past year, the stock has touched a 52-week high of ₹6,000.00 and a low of ₹3,966.00.

Conclusion

This new $60 million win reinforces LTTS’s position as a trusted global engineering partner. With a focus on smart connectivity and AI-based automation, LTTS continues to grow its presence in the telecom and technology sectors.

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