IBEF: December 11, 2020
Under a five-year partnership, LTTS would provide engineering services at two integrated refining and chemical manufacturing facilities in Bangalore, Karnataka, India. L&T Technology Services Limited announced that a global O&G major has chosen the company (L&T) to be the primary engineering partner to support two of their integrated refining and chemical manufacturing facilities. This is a multi-year investment of more than US$ 100 million with a projected value.
As part of the agreement, LTTS would provide services for both facilities for multi-discipline plant engineering operations, including site sustenance, discipline engineering, and control automation. To maximise project execution and drive quality improvements for the customer, LTTS would leverage its in-house digital innovation tools and new-age technology & solutions. Integrated processing, chemical and polymer complexes are the two sites protected under LTTS' scope and are reportedly among the top 10 largest downstream sites in the US.
Dr. Keshab Panda, CEO & MD, L&T Technology Services said, “Our focal point on multi-vertical, broad consumer intimacy engagements, utilising digital and new age technology, delivers the desired results. Our engineers have a detailed strategy of the challenges and opportunities in the energy and chemical industry after having worked in the oil & gas industry for many years. This is a significant win for LTTS, and we are excited to partner with our customers to boost operating performance with value.”
About L&T Technology Services Ltd L&T Technology Services Limited (LTTS) is a listed subsidiary based on engineering and R&D (ER&D) services of Larsen & Toubro Limited. Throughout the product and process development life cycle, we provide consulting, design, development and testing services. The company’s customer base includes 69 Fortune 500 businesses spanning industrial goods, medical equipment, transportation, telecom & hi-tech, and process sectors and 53 of the world's largest ER&D businesses. Headquartered in India, the company has over 15,900 workforce spread across 17 global design centres, 28 global sales offices and 52 innovation labs as of September 30, 2020.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.