Oct 19, 2016 10:17 AM IST IST | Source: Moneycontrol.com

L&T Technology bags multi-million dollar contract; shares gain

The company will provide verification support on their expansive portfolio of offerings and products.

Moneycontrol Bureau

Share price of L&T Technology Services gained 1.6 percent intraday Wednesday as it has received a new multiyear, multi-million dollar contract with a large global semi-conductor company.

The company will provide verification support on their expansive portfolio of offerings and products.

This strategic tie-up between the two companies will enable the customer to strengthen its product offering and capitalize on market opportunities with superior quality products.

Dr. Keshab Panda, CEO & MD of L&T Technology Services said, "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,” he added.

At 09:45 hrs L&T Technology Services was quoting at Rs 857.80, up Rs 6.60, or 0.78 percent on the BSE.

Posted by Rakesh Patil
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