Larsen & Toubro Subsidiary Wins $50 million Order Under Sustainability Segment; Shares Surge

L&T Technology Services shares were trading higher on Wednesday after the company had announced that it had secured an order of more than $50 million from a global energy major for its sustainability segment.

L&T Technology Services shares were trading marginally higher at Rs 4350.05 per share on BSE at 9:30 am on Wednesday after opening at Rs 4398 apiece. The stock witnessed a slightly higher trading volume during the opening hours of the trading session.

L&T Technology Services Bags $50 Million Order In Sustainability Segment

A leading global energy company has selected L&T Technology Services as its exclusive global engineering partner for Enterprise Data and Digital Services, shared the L&T Group firm, without mentioning the name of the client firm.

"The five-year agreement, valued at over USD 50 million, underscores the client's long-term commitment to sustainability, innovation and digital transformation. This strategic partnership builds on a trusted relationship between the Client and LTTS spanning over a decade," read L&T Technology Services' press release.

L&T Tech will provide a wide range of technology services and data facilities to its clients' affiliates globally. The deal has been finalised as a long-term framework agreement and may prove to be a stepping stone for the firm to expand its presence in the energy sector on a global scale.

"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," noted Amit Chadha, CEO and Managing Director of L&T Technology Services.

L&T Technology Services Share Price Trend

L&T Technology Services shares were trading in green on Wednesday. The stock had touched its 52-week high mark of Rs 5,990 per share on BSE on 29 August, 2024. The company scrip is recovering from its 52-week low mark of Rs 3,855 per share on BSE it touched on 7 April, 2025.

The scrip value has declined nearly 7.24% year to date and by 9.79% in one year. The Vadodara-headquartered L&T Technology Services is a global leader in engineering and technology services. The subsidiary of Larsen & Toubro offers design, development, testing and other services to its clients across the globe.

Its customer base includes more than 69 Fortune 500 companies, 57 top ER&D companies with a portfolio related to medical devices, transportation, telecom & hi-tech, and process industries etc. The company has over 24,250 employees across 23 global centres, 30 sales offices, and more than 100 innovation labs.

The company is planning to continue its focus on M&A and enhance its capabilities in Mobility (SDV, ADAS, Connected Solutions) and Medtech. The company is planning to maintain its focus on mobility and medtech with continued investment in M&A in the present financial year.