L&T Technology Services gain on multi-million dollar deal from Covestro

The stock was trading 1.7% higher at Rs 1,203 on the BSE, as compared to 1% decline in the S&P BSE Sensex at 11:07 am

L&T Technology Services (LTTS) was trading 2% higher at Rs 1,206 on the BSE in an otherwise weak market after company announced that the German chemical major Covestro awards LTTS multi-million dollar Engineering and R&D (ER&D) project.

“Covestro is running a digitalization program for engineering, operations and maintenance activities: “OSI2020” (Optimized System Integration). Within this program, LTTS has been selected as the engineering partner to drive digital transformation across Covestro’s 8 global locations, especially in the area of data migration,” L&T Group Company said in a press release.

“It is our privilege to enter into this engineering partnership