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As part of their first joint project, LTTS and Cognite have already begun working with a global, top ten oil and gas company, to transform its manual mechanical-integrity process into a contextualized, scalable digital workflow that lets engineers work more efficiently, identify risk faster, and ultimately prevent downtime and safety events.
The partnership aims to accelerate the deployment of AI-powered industrial applications, digital twins, predictive maintenance solutions and operational intelligence platforms across asset-intensive enterprises.
Girish Rishi, CEO of Cognite, said, “Cognite’s growing scale across industries complements LTTS’ domain and engineering expertise. We are excited and looking forward to pairing up with LTTS’ Engineering Intelligence approach to drive value outcomes to our joint customers as AI becomes a mainstay of modern manufacturing across the world.”
Amit Chadha, CEO & managing director at L&T Technology Services and Member of Nasscom Executive Council, said, “As industries increasingly look to scale AI beyond experimentation, the need for connected and contextual industrial workflows has become critical. Our partnership with Cognite strengthens LTTS’ ability to deliver Engineering Intelligence by combining deep engineering expertise with AInative industrial experiences. We are excited about the potential for joint value creation by integrating Cognite’s capabilities with LTTS’ EIOne, enabling us to co-create solutions that address complex industrial challenges and accelerate the journey from AI pilots to production. Together, we will help enterprises drive greater productivity, asset performance, operational resilience, and business value.”
Meanwhile, the company’s board will meet on Monday, 19 October 2026 to consider and approve the financial results for the quarter and half year ending 30 September 2026. Additionally, the board will consider interim dividend in foresaid meeting.
L&T Technology Services (LTTS), a subsidiary of Larsen & Toubro, is a global engineering research and development (ER&D) services company offering design, development, testing and lifecycle support across products and processes. The company serves 69 Fortune 500 companies and 57 leading ER&D firms across industries including industrial products, medical devices, transportation, telecom and hi-tech, and process industries.
On a consolidated basis, the company's net income from continuing operations increased 17.4% YoY and 1.5% QoQ to Rs 351.8 crore in Q1 FY27. Revenue increased 11.5% YoY and 2.9% QoQ to Rs 2,940.1 crore during the quarter.
The scrip shed 0.87% to settle at Rs 3,208.20 on the BSE.
L&T Technology Services announced its strategic partnership with Cognite, a global leader in Industrial AI. Through its Sustainability segment, LTTS will work with Cognite to develop and deliver joint industrial, AI and data for asset-intensive industries, extending LTTS' Engineering Intelligence portfolio with Cognite's Industrial AI capabilities.
As part of the engagement, LTTS has established a dedicated Cognite Center of Excellence, certified an initial group of 50+ engineers and is co-developing industry-specific solutions to benefit customers across Oil & Gas, Chemicals, LNG, CPG/FMCG, Mining, and Industrial Manufacturing sectors globally.
The collaboration brings together LTTS' expertise across engineering, manufacturing operations, and asset lifecycle management and Cognite's industrial AI and data capabilities. The partnership between LTTS and Cognite will help accelerate the deployment of AI-powered industrial applications, digital twins, predictive maintenance solutions, and operational intelligence platforms across asset-intensive enterprises.
L&T Technology Services (LTTS) has secured a landmark engagement valued at over $75 Million from a leading global technology enterprise.
As part of the 5-year agreement, LTTS will deploy its Engineering Intelligence (EI) capabilities across the end-to-end product development and engineering lifecycle, helping accelerate the development of next generation solutions for the customer's global portfolio.
LTTS will also enable the creation of a dedicated Engineering Center for technology and digital functions, leveraging its full stack of EI solutions.
Under the agreement, LTTS will deploy its engineering intelligence (EI) capabilities across the customer’s end-to-end product development and engineering lifecycle.
The engagement will cover product engineering, software development, testing, validation, sustenance engineering and platform operations.
LTTS will also provide related digital engineering services. In addition, the company will set up a dedicated Engineering Center for the customer’s technology and digital functions.
The centre will use LTTS’ full suite of EI solutions to support the development of next-generation products and solutions across the customer’s global portfolio.
The scrip rose 0.96% to currently trade at Rs 3533.90 on the BSE.
L&T Technology Services announced the launch of AgenticIQ™, an end-to-end Agentic AI platform purpose-built for engineering and manufacturing organizations. Designed to help enterprises move beyond isolated AI pilots, AgenticIQ™ enables autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience, accelerating the adoption of Engineering Intelligence at scale.
As enterprises increase investments in AI, many initiatives continue to struggle to move beyond proof-of concepts into production. Disconnected engineering systems, manual processes and highly regulated environments often prevent organizations from scaling autonomous AI while maintaining governance, security and operational reliability.
Built on LTTS' portfolio of Engineering Intelligence solutions, AgenticIQ™ transforms proven engineering capabilities into specialized, reusable AI agents through a planning-first architecture that is embedded directly into engineering and production workflows and designed to operate within enterprise governance boundaries. The platform helps safeguard critical data, intellectual property and regulatory compliance while laying the foundation for LTTS' next-generation Engineering Intelligence solutions and an Agentic led engineering delivery model, enabling faster development and deployment of AI-powered solutions.
Designed for customer-centric engineering and R&D-intensive environments, AgenticIQ™ supports industries including automotive, industrial manufacturing, medical devices and healthcare, semiconductor, plant engineering and high-tech. Its cloud-agnostic architecture enables organizations to build once and deploy anywhere across cloud and on-premises environments, helping enterprises scale trusted AI while retaining control of proprietary engineering knowledge, workflows and intellectual property.
Smartworks Coworking Spaces (Smartworks) has expanded its engagement with L&T Technology Services (LTTS) through the addition of over 1,100 seats in Pune.
With this expansion, LTTS's managed office portfolio with Smartworks has grown to over 2,750 seats across cities, reflecting the continued growth of a long-standing, multi-city enterprise engagement.
The combined expected rental revenue from these locations is estimated at Rs 115 crore, which includes the Pune expansion of Rs 55 crore for a tenure of 60 months.
ASM Technologies Ltd gained 3.52% today to trade at Rs 4599.3. The BSE Information Technology index is up 0.75% to quote at 27888.43. The index is down 0.09 % over last one month. Among the other constituents of the index, Zensar Technologies Ltd increased 3.35% and L&T Technology Services Ltd added 3.31% on the day. The BSE Information Technology index went down 24.79 % over last one year compared to the 6.35% fall in benchmark SENSEX.
ASM Technologies Ltd has added 20.11% over last one month compared to 0.09% fall in BSE Information Technology index and 0.76% rise in the SENSEX. On the BSE, 1383 shares were traded in the counter so far compared with average daily volumes of 30256 shares in the past one month. The stock hit a record high of Rs 4630 on 16 Jul 2026. The stock hit a 52-week low of Rs 2099.9 on 16 Mar 2026.