L&T Tech Sells Smart World Unit for ₹452 Crore, Shifts Focus to Engineering Intelligence

L&T Technology Services has sold its Smart World and Communication (SWC) unit for ₹452 crore. The buyer is AMI Paradigm Solutions.

The company said the sale is part of a major strategy change to focus more on high-growth technology and engineering services.

Why did the company sell this unit

L&T Tech wants to focus on Engineering Intelligence (EI) as part of its next 5-year strategy.

The company plans to concentrate on:

• Manufacturing and industrial sectors
• Technology-led enterprise businesses
• Software and digital manufacturing

This shift is meant to help the company grow faster and stay competitive in a rapidly changing technology environment.

What is Engineering Intelligence?

Engineering Intelligence combines:

• AI and advanced engineering
• Digital manufacturing
• Smart software solutions

L&T Tech believes this area will create stronger long-term growth and better opportunities.

The company is investing in 6 major technology areas, with Engineering Intelligence being one of the most important.

What leaders said about the move

CEO Amit Chadha said the company is reshaping its strategy to create long-term value.
Key focus areas going forward:

• Engineering Intelligence
• Software
• Digital Manufacturing

These will support growth in:

• Mobility
• Sustainability
• Technology sectors

Meanwhile, the buyer group plans to build an AI-led platform for governments and enterprises after combining the new business with its existing operations.

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About the Smart World unit

The Smart World and Communication business mainly worked on public-sector projects such as:

• Smart city command centres
• Communication infrastructure
• Traffic management systems
• Surveillance solutions

Financial contribution

For FY25:

• Revenue: ₹1,027.95 crore (9.63% of LTTS revenue)
• Net worth: ₹445.89 crore (7.31% of LTTS net worth)

L&T Technology Services Share Price Movement

L&T Technology Services share price (NSE: LTTS) was trading at ₹3,200.60 on March 27 at 2:18 PM, up marginally by ₹0.20 or 0.0063% for the day. The stock opened at ₹3,200.40, touched an intraday high of ₹3,239.40 and a low of ₹3,140.00. The company has a market capitalisation of ₹33.90 thousand crore, a P/E ratio of 27.00, and offers a dividend yield of 1.75% with a quarterly dividend of ₹14. The stock’s 52-week high stands at ₹4,726.00, while the 52-week low is ₹3,010.00.

Conclusion

By selling the Smart World unit, L&T Technology Services is sharpening its focus on high-growth technology areas like Engineering Intelligence. The move aims to improve future growth, innovation and long-term value creation.

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