LTTS inks $50 million deal with global energy company in sustainability segment

L&T Technology Services (LTTS), a leading engineering and technology services firm and a subsidiary of Larsen & Toubro, has signed a five-year deal worth over $50 million with a prominent global energy company. The agreement, announced on June 25, positions LTTS as the exclusive global engineering partner for the client’s enterprise data and digital services under its sustainability segment.

The deal spans the client’s international affiliates and is structured as a long-term framework agreement. LTTS will deliver data-driven digital services across enterprise functions, leveraging its global delivery model to support the client’s sustainability and digital transformation goals.

Amit Chadha, CEO and Managing Director of LTTS, highlighted the company’s credentials in plant engineering and digital innovation: “This large deal win in our sustainability segment with a leading energy major has been possible due to LTTS’ unique credentials, which include enabling over 600 major plants across the globe. By combining our proven track record in plant engineering with state-of-the-art new-age technologies, we will support the client in their digital transformation while enhancing overall operational excellence”.

The announcement led to a 1.5% uptick in LTTS shares, reflecting investor confidence in the company’s strategic direction. This deal builds on LTTS’s decade-long relationship with the client and follows a series of recent high-value agreements, including a €50 million contract with a European automotive OEM and an $80 million deal with a U.S.-based industrial products manufacturer.

LTTS closed FY25 with an annual revenue of $1.26 billion and reported its highest-ever deal bookings in the January–March quarter. The company has reaffirmed its medium-term revenue outlook of $2 billion, expressing optimism for continued growth in FY26.