L&T Technology bags product support contract from semi-conductor firm; stock up 0.4%

L&T Technology Services announced on Wednesday that it has bagged a new multi-year, multi-million dollar contract with a global semi-conductor company.

With this contract, the company will provide verification support on their expansive portfolio of offerings and products. 

“L&T Technology Services’ focused effort on key customers is paying dividends. 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 Technology Services chief executive officer and managing director, Dr Keshab Panda said in a filing to the National Stock Exchange (NSE) on Wednesday. 

L&T Technology Services is a subsidiary of Larsen & Toubro (L&T) with a focus on engineering and research and development (R&D) services.

At 09:58 hours, the stock of L&T Technology Services was trading up 0.39% or Rs 3.35 at Rs 856.80 on the NSE. 

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