L&T Tech lands multi-year deal with energy giant bp

Digital engineering and research and development services company L&T Technology Services Ltd (LTTS) has signed a landmark deal with global energy giant bp plc. 

The multi-year engineering services partnership will harness LTTS’s extensive experience to address some of the most significant challenges for bp globally, the companies said in a release.

The companies did not disclose the financial details of the deal. 

Mumbai-headquartered LTTS boasts over two decades of proficiency in engineering, manufacturing services, digital solutions, and enterprise data management, with domain expertise in the energy segment. 

The engagement areas are expected to include engineering for projects, turnarounds, maintenance improvements, technical writing, engineering data management, and services for sustainability initiatives, L&T said in the release. 

“We are thrilled to forge this strategic partnership with bp,” said Amit Chadha, chief executive and managing director of L&T Technology Services. 

“This long-term relationship allows us to provide services for their global assets, emphasizing top-tier operational efficiency through digital enablement. Our proven track record in high-quality engineering services and digital transformation solutions underscores our position as a trusted partner for bp,” Chadha said. 

LTTS, a listed subsidiary of conglomerate Larsen and Toubro Ltd, offers consultancy, design, development and testing services across the product and process development life cycle. 

The company counts 69 Fortune 500 companies and 57 of the world’s top engineering and research and development companies across sectors as its clients. 

Spread across 22 global design centers, LTTS has over 23,800 employees across its offices. 

In the quarter ended September, the company announced a revenue of $288.1 million (₹2,387 crore) with a net quarterly profit of ₹315 crore.