L&T Tech enters into a multi-year partnership
The Dollar Business Bureau L&T Technology Services, a thriving arm of the engineering giant Larsen and Toubro, revealed to the media today that 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. L&T Technology Services Rs 900 crore ...
L&T Hydrocarbon signs pact with Parsons
The Dollar Business Bureau Larsen & Tourbo Hydrocarbon Engineering (LTHE ) on Tuesday announced it has signed a pact with Parsons to provide engineering and design solutions in America."L&T Hydrocarbon Engineering, a leading engineering and construction company and a wholly-owned subsidiary of L&T, announced a teaming agreement with Parsons to provide engineering and design solutions for onshore and offshore projects across the hydrocarbon, fertiliser, chemicals, and modular plant sectors," L&T said in a statement. Commenting on the announcement of the pact, Subramanian Sarma, CEO MD of LTHE said, "LTHE's broad range of offerings across the hydrocarbon spectrum coupled with Parsons' strong programme management capabilities in the Americas will provide a compelling value proposition to the customers.”Parsons Group President Mike ...
L&T bags $161mn worth metro project in Saudi Arabia
The Dollar Business Bureau India’s construction giant Larsen & Toubro on Tuesday said that it has won a railway contract worth $161.37 million (Rs.1070 crore) in Saudi Arabia. As part of the project, L&T will build 62.86 kms of double ballastless tracks under tunnel in Riyadh—the capital city of Saudi Arabia. The project is expected to be completed within 40 months. “The order has been won against stiff international competition and is in sync with L&T’s strategy to expand their railway business into the Middle-East,” the company said in a statement. The 75-year-old multinational company has won the order from BACS association (Bachtel-Almabani-CCC-Siemens) to design and build ballastless tracks for Riyadh Metro Lines -1&2. The latest announcement comes a day after L&T ...
