Shares of L&T Technology Services Ltd (LTTS) are trading flat after touching a day’s high of Rs 4,263.30 on 28th July, despite the firm announcing that it has signed a $60 million multi-year agreement with a US-based provider of wireless telecommunications services.

LTTS will deliver advanced network software development and application engineering solutions under this deal, the company said in an exchange filing.

As part of the agreement, LTTS will provide key engineering services, including R&D lab integration, new product development, and functionality testing for the client’s network software automation platforms.

The company will also establish a US-based delivery centre to support the project, utilising its expertise in Smart World Connectivity and next-generation networks to drive innovation.

Additionally, LTTS plans to expand its services for the client by integrating AI-powered test automation to accelerate product development and enhance efficiency.

At 11:57 AM, the shares of L&T Tech were trading 0.45% higher at Rs 4,240 on NSE.

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