L&T Technology bags multi-million dollar contract

An IPO completed by the company on September 15 and was worth Rs 900 crore has hit the market this year

L&T Technology Services, an arm of engineering giant Larsen and Toubro, said 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.

An initial public offering completed by the company on September 15 and was worth  Rs 900 crore has hit the market this year.

Shares of L&T Tech were trading 0.79 per cent higher at Rs 857.90 on the BSE.