LTTS Share Price Surges Over 3% After Signing Five-Year Nokia Engineering Deal

L&T Technology Services (LTTS) has signed a 5-year contract with Nokia to support its engineering and research and development operations in India, as per the exchange filing. The agreement brings LTTS into Nokia’s work across product engineering, software development and system integration. 

The partnership also includes plans for a dedicated development centre in India and an engineering team supporting Nokia’s global Technology Center. 

Dedicated Centre to Handle Engineering Work 

LTTS will establish an Offshore Development Center (ODC) in India to support Nokia’s engineering and R&D programmes. The work will cover product development, embedded systems, software engineering, and ongoing product support. 

The dedicated team will also work across 5G networks, intelligent automation, AI-driven operations, and AI infrastructure, in coordination with Nokia’s global R&D teams. 

Agreement Aligns with LTTS’ Lakshya 31 Strategy 

The collaboration supports LTTS’ Lakshya 31 strategy, which includes a focus on next-generation computing and AI infrastructure. The company said these capabilities are relevant to the development of future communication networks and intelligent data centres. 

Alind Saxena, Executive Director and President – Strategic Initiatives & Growth Markets at LTTS, called the agreement a significant milestone and said it reflects the company’s deep-tech engineering expertise. 

Nokia Points to India’s Innovation Role 

Vivek Jaiswal, Nokia’s Senior Vice President of Engineering, said India is an important innovation hub for the company.  

He added that LTTS would help Nokia expand its R&D footprint and accelerate innovation in the country. 

Read More: Ramco Systems Share Price in Focus Post Q2 FY27 Earnings Results: Total Income Up 3.5% YoY! 

LTTS Share Price Performance  

As of 26 October 2026, at 11:18 AM, L&T Technology Services Ltd share price is trading at ₹4,041.80 per share, reflecting a surge of 3.36% from the previous trading session. 

Conclusion 

The five-year agreement gives LTTS responsibility for supporting several parts of Nokia’s engineering and R&D work from India. The companies have not disclosed the contract’s financial value. 

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