L&T Technology Services and Shell Signed a Strategic Partnership Agreement

L&T Technology Services (LTTS), a global leader in engineering, digital, and research and development services, has entered into a long-term strategic partnership with Shell, one of the world’s largest energy companies. Under this multi-year framework agreement, LTTS will provide comprehensive engineering and procurement services, along with advanced digital solutions, data governance, and project management consultancy for Shell’s global assets.

Leveraging its two decades of expertise in engineering, manufacturing, digital transformation, and data services, LTTS is well-positioned to support Shell’s ambitious energy goals. By deploying its unique global delivery model, LTTS will deliver innovative solutions that enhance operational efficiency, reduce costs, and drive sustainable growth for Shell’s operations worldwide.

Amit Chadha, CEO and Managing Director of L&T Technology Services commented on the development, stating, “This new agreement with Shell as their engineering partner further builds on our long and continuous relationship in the area of information management and allied engineering services. With our extensive experience and capabilities in serving energy sector clients, we are excited to work with Shell and contribute to achieving their strategic objectives.”

L&T Technology Services Limited reported a growth of 7% in revenue to ₹24,619 million on a YoY basis. Revenue in USD was $295 million, up 6% year over year in constant currency. The company posted an EBIT margin of 15.6% It recorded a surge of 0.8% in net profit to ₹3,136 million. The company secured two USD 30 million deals, two USD 15 million deals, and three deals with a TCV of USD 10 million, all of which were won by LTTS during the quarter.

About L&T Technology Services Ltd

L&T Technology Services Limited (LTTS) is a subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. The company offers consultancy, design, development, and testing services across the product and process development life cycle. Its customer base includes 69 Fortune 500 companies and 57 of the world’s top ER&D companies.

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