Page 2 - L&t Technology Services Ltts
L&T Tech Services wins $100 mn project from a global oil and gas major
L & T Technology Services (LTTS) said on Thursday it has been selected by a global oil and gas major to be the primary engineering partner for supporting two integrated refining and chemicals manufacturing facilities in the United States.It did not name the client but said the multi-year engagement has a potential value of more than 100 million dollars (about Rs 737 crore).Under the five-year contract, LTTS will provide multi-discipline plant engineering activities including site sustenance, discipline engineering and control automation support for both facilities.It will leverage in-house digital engineering tools and new-age technology & solutions to optimise project execution and drive efficiency improvements for the customer.The two sites covered under LTTS' scope are integrated refining, chemical and polymer complexes and are currently among the top 10 biggest downstream sites in the United States."Our focus on multi-vertical, large engagements with customer intimacy ...
 "L&T Tech Services wins $100 mn project from a global oil and gas major")
L&T Tech to see revenue, margin pressures in FY21 as clients defer spends
Recovery in segments such as transportation could be pushed to FY22
 "L&T Tech to see revenue, margin pressures in FY21 as clients defer spends")
L&T Tech Services goes after new streams of revenue amid Covid-19 crisis
As Covid-19 hits the global economy hard, the company refrained from giving any growth guidance for the ongoing fiscal
 "L&T Tech Services goes after new streams of revenue amid Covid-19 crisis")
L&T's tech twins show contrasting fortunes; LTTS falls 10%, LTI gains 7%
After muted performance over the last few quarters, LTI put up a better show in Q2FY20
 "L&T's tech twins show contrasting fortunes; LTTS falls 10%, LTI gains 7%")
LTTS Q1 net profit rises 3% to Rs 204 cr on the back of multiple deal wins
Weakness in telecom and hitech vertical led to downward revision of revenue guidance to 12-14% against 14-16% earlier
 "LTTS Q1 net profit rises 3% to Rs 204 cr on the back of multiple deal wins")
Midcap IT shares surge; LTTS, Aptech, Mphasis, RS Software rally up to 20%
L&T Technology Services soared 11% to Rs 1,635 on Monday, extending its Friday's 7% gain on the BSE.
 "Midcap IT shares surge; LTTS, Aptech, Mphasis, RS Software rally up to 20%")
L&T Technology Services rallies 14% on strong Q1 results
The stock rallied 14% to Rs 1,485 on the BSE in early morning trade after the company reported more than doubled net profit at Rs 1,981 million in June quarter.
 "L&T Technology Services rallies 14% on strong Q1 results")
L&T Technology gains 7% on healthy Q4 results
The stock rallied 7% to Rs 1,367 after the company reported a higher than expected 8% QoQ revenue growth in dollar terms at $162 million in March quarter.
