Showing posts with label Lamp;T Technology SErvices. Show all posts
Showing posts with label Lamp;T Technology SErvices. Show all posts

L&T Supports India's Fight Against COVID-19

Larsen & Toubro, India's leading technology, engineering, construction, manufacturing and financial services conglomerate, is committed to participate in corporate India's response to COVID-19 through funds, community welfare plans and through leveraging its expertise to offer assistance. Responding to the call given by Hon'ble Prime Minister of India, the company will donate Rs. 150 Crore to the PM-CARES Fund.

The project management conglomerate has set aside an outlay of over Rs. 500 Crore per month to support about 1,60,000 contract workers by continuing to pay their wages during the ongoing lockdown and providing them with food and basic amenities at labour camps, while maintaining the COVID-19 prevention and containment protocol.

[caption id="attachment_143587" align="alignleft" width="296"] Mr. AM Naik, Group Chairman, Larsen & Toubro[/caption]

Commenting on the company's preparedness to fight this pandemic, Mr. AM Naik, Group Chairman, Larsen & Toubro, said, "L&T has always stood by the nation in its hour of need. We are helping India's fight against COVID-19 by way of immediate funding, and through a range of welfare initiatives including converting our training schools into Isolation Centers. We are also leveraging our engineering and construction expertise to help the authorities deal with the crisis."

L&T is considering transforming all company-owned training centers and other select establishments into isolation wards. It is exploring to supply critical healthcare equipment to hospitals engaged in treating COVID-19 patients. The company has also committed to offer use of its community Health & Medical Centers 24X7 and use ambulances to transport patients to nearest hospitals.

L&T Smart World & Communication, a business unit of Larsen & Toubro, has installed smart technologies in over 20 major cities, including Mumbai, Pune, Nagpur, Prayagraj, Ahmedabad, Visakhapatnam, Hyderabad and others. These technologies will help various state governments and local authorities to fight COVID-19 pandemic effectively.

Here is a summary of other efforts undertaken by L&T in this fight against COVID-19:

Welfare Initiatives:


  • Remitting timely wages to Workmen and Subcontractors despite the lockdown. Payment to the workmen being made directly to their linked bank accounts.

  • Extra vigilance across the labour camps attached to project sites to ensure that proper hygiene, catering, waste management, cleanliness and preventive measures including social distancing is being rigorously maintained.

  • 24X7 availability of Ambulances, Doctors and other Medical Facilities for medical assistance to workmen and employees across all locations.

  • Use of mobile application (Workforce induction and Skills Application - WISA) to send SMS alerts, in English, Hindi and other vernacular languages, to workmen and employees on the nature of COVID-19, its symptoms, testing facilities available locally



Employees Initiatives:


  • Relaying various health advisories and related messaging to 1,20,000 employees, daily.

  • Closure of all offices and other establishments as per the directives of Government of India and various state governments/local authorities. Employees encouraged to work from home.

  • Formation of COVID-19 Response Teams (CRT) across businesses to take timely action and Decision Response Team (DRT) at the corporate level to keep a constant vigil on the evolving situation and take necessary actions.



Background:

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over USD 21 billion in revenue. It operates in over 30 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.

L&T Technology Services joins Qualcomm Smart Cities Accelerator Program to provide Smart City solutions to OEMs and System Integrators

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global pure play engineering services company, announced it has joined the Qualcomm® Smart Cities Accelerator Program from Qualcomm Technologies, Inc. to collaborate on providing smart ecosystem solutions and services to help global enterprises accelerate the digital transformation to smart urban infrastructure.

LTTS has strong expertise in Smart Ecosystems - smart cities, smart warehousing and smart manufacturing solutions. Together with Qualcomm Technologies’ global technology leadership in edge compute capability, cutting-edge processors and wide-area and local-area communications technologies, LTTS can offer a portfolio of digital offerings to address energy conservation, operational efficiency and digital transformation to cities, making them smarter and more sustainable.

The Qualcomm Smart Cities Accelerator Program is a community matchmaking program that brings together smart solutions providers like LTTS with municipalities or systems integrators looking to solve problems. This can help drive additional value and integrate solutions with secure interoperability, edge processing and an ecosystem to deploy at scale.

Some of the Smart solutions deployed by LTTS include the world’s smartest office campus powered by i-BEMS, (LTTS’ smart campus experience framework), the world’s first commercial network for grids and cutting-edge electric and hybrid solutions for a sustainable transport network.

Stawan Kadepurkar, Chief Business Officer at L&T Technology Services said, “LTTS brings considerable experience in incubating state-of-the-art technology and delivering efficiency through smart infrastructure solutions. Rapid urbanization has given rise to traffic congestion, high energy consumption and inefficient waste management schemes. As such, the need of the hour is to drive disruptive technology by innovative and intuitive offerings, streamlining day-to-day management, improving efficiency and increasing sustainability. We are delighted to join the Qualcomm Smart Cities Accelerator Program to drive the global innovative solutions ecosystem for smart cities.”

Sanjeet Pandit, Senior Director, Business Development and Head of Smart Cities, Qualcomm Technologies, Inc., said, “L&T Technology Services has an excellent track record of designing and developing solutions that solve modern smart cities problems. We are excited to bring LTTS into our Qualcomm Smart Cities Accelerator Program to help drive this large-scale transformation of modern cities to smart, sustainable and eco-friendly landscapes.”
About L&T Technology Services Ltd

L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 51 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 16,700 employees spread across 17 global design centers, 28 global sales offices and 50 innovation labs as of December 31, 2019.

L&T Technology Services wins Avionics contract from Airbus

L&T Technology Services (NSE: LTTS), a leading global pure-play engineering services company, announced that it has been selected by Airbus India to manage their Avionics S/W Development, V&V (Validation & Verification)  and Data Analytics. The win has been a direct result of LTTS’ years of expertise in the aviation space and the company’s timely investment in cutting-edge technologies.

LTTS’ distinct advantage in the aerospace landscape includes ITAR (International Traffic in Arms) Compliance & CEMILAC (The Centre for Military Airworthiness & Certification) Certified State-of-art facilities, strong global customer base, robust lab & testing infrastructure and strategic alliances with Fortune 500 companies. 

Abhishek Sinha, Chief Operating Officer and Member of the Board at L&T Technology Services commented, “The new-age business opportunities in aviation sector call for a transformative approach including fresh ideas, elaborate evaluation of best-fit technology solution and capability to accelerate business growth through innovation. We are pleased that Airbus India has chosen LTTS to deliver on all these aspects. We look forward to co-developing innovations in the aviation space and ushering in newer benchmarks of industry excellence.” 

L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 51 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 16,700 employees spread across 17 global design centers, 28 global sales offices and 49 innovation labs as of September 30, 2019.

L&T Technology Services Recognized as a ‘Leader’ Among IoT Services Providers in Zinnov Zones 2019

L&T Technology Services (NSE: LTTS), a leading global pure play engineering services company, has been recognized among the top service providers in innovation and capability for Internet of Things (IoT) Technology and Services in the Zinnov Zones IoT Services Rating for 2019. Zinnov has also positioned LTTS as ‘Leader’ across 7 other unique expertise areas.

L&T Technology Services (NSE: LTTS), a leading global pure play engineering services company, has been recognized among the top service providers in innovation and capability for Internet of Things (IoT) Technology and Services in the Zinnov Zones IoT Services Rating for 2019. Zinnov has also positioned LTTS as ‘Leader’ across 7 other unique expertise areas.

The areas of expertise for which LTTS has been ranked as Leader include IoT Engineering, Industry 4.0, Connected Worker, Connected Logistics, Connected Assets, Energy and Utilities and Telecom.

Over 3,800 engineers from LTTS’ IoT engineering and managed services provide application and services platform that caters to asset management, energy management, digital factory, smart homes, connected products, connected transportation and smart healthcare.

LTTS’ IoT platform allows holistic end-to-end integration of the best products and solutions that assist in product engineering, sensor engineering, narrow band IoT framework for communication IPs, Edge analytics at sensor level, system integration and managed services. The platform also supports services such as advisory & consulting, cyber security, integrated analytics, gateways and controllers and end-to-end application development involving mobility applications, image processing and data analytics. These services have grown 48% year-over-year.

Zinnov rated LTTS’ advanced capabilities in offering IoT services to a global clientele of over 150 clients across its five verticals, with its offerings having been deployed in 1,067 projects across the globe.

Mr. Shashidhara Dongre, Global Head, Smart Products and Services at L&T Technology Services commented: “LTTS’ positioning as a ‘Leader’ in Zinnov Zones for IoT Technology Services for the third time in succession, is a reaffirmation of LTTS’ technological capabilities and expertise across the spectrum of IoT services. This important industry recognition inspires us to further push the digital transformation envelope for our customers. With our proprietary IoT platforms and solutions we enable enterprises to tap newer revenue streams by creating the next generation of smart products and services.”

Mr. Sidhant Rastogi, Partner & Practice Head, Zinnov said: “LTTS has been rated ‘Leader’ in the Zinnov Zones IoT Services Rating 2019. The company has witnessed high growth in the last couple of years. Its investments towards building horizontal platform capabilities (UBIQWeise and AiKno™) and vertical specific IoT solutions (i-BEMS, mCARE, WAGES, etc.) and new wins across multiple areas such as connected assets, autonomous vehicles, and industry 4.0 led engagements have helped fortify its positioning. LTTS’ deep-rooted domain capabilities and expertise in the space of industrial automation has helped build connected factories for its global clientele. Its framework-driven approach to identify use-cases and enhance RoI from client investments has helped LTTS take industry 4.0 initiatives and establish a successful track record across multiple geographies.”
About L&T Technology Services Ltd

L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 51 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 16,700 employees spread across 17 global design centers, 28 global sales offices and 49 innovation labs as of September 30, 2019.

~ Business Wire India

L&T Technology Services Acquires Karnataka VC Fund-backed Startup Graphene Semiconductor

L&T Technology Services Limited, a leading global pure-play engineering services company and subsidiary of Larsen & Toubro Limited, has acquired 100% stake in Bangalore-based Graphene Semiconductor Services Private Limited ('Graphene') by way of an all cash deal. The transaction is expected to be consummated by October 2018.

The financials of the acquisition deal was not disclosed.

Founded in April 2013, by Vilas Bhade, Vinay Hebballi, Nandagopal Ananda, and Pramod Sabnis, Graphene provide end-to-end support for the semiconductor industry including chip design, Embedded software design and product testing among others. Notably, it is also the first startup in semiconductor space to receive the backing of a governmental-backed VC fund when it received Rs 4.95 crore from Karnataka Semiconductor Venture Capital Fund. The SEBI-registered VC Fund chose Graphene for its differentiated focus in semiconductor technology and end-to-end product development.

Moreover, Graphene was also in the list of Karnataka's 100 Most Innovative Startups, released in 2017.

Graphene is one of the fastest growing companies in the Semiconductor Services domain with a presence in India, Singapore, Taiwan, and Malaysia. Counting 10 of the world’s top semiconductor fabrication and fabless companies as its customers, Graphene provides end-to-end solutions— right from chip design, embedded software, all the way through providing support to mass manufacturing, thereby being a one-stop service and solution provider. Graphene was awarded the title of "Best Startup 2016" by Mentor Graphics and Silicon India. Graphene had revenues of INR 663 million for the year ended March 31, 2018.

“Graphene’s strong offshore presence, coupled with expertise in complete VLSI Chip Design & Embedded Software will be a force multiplier for LTTS and will enhance our capabilities in the Semiconductor & Product OEM space,” said Dr Keshab Panda, CEO & Managing Director, L&T Technology Services Limited.

"Aligning with LTTS is the right decision to expand our global reach. We will now continue fulfilling our vision of enabling our customers realize products that attain market leadership positions in their respective markets," said Vilas Bhade, Co-founder Graphene Semiconductor Services Private Limited.

Larsen & Toubro, which had set up an Internet of Things Solutions Centre in Bangalore, in 2015, has L&T Technology Services Limited (LTTS) as its publicly listed subsidiary offering consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 52 Fortune 500 companies and 51 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 13,000 employees spread across 16 global design centers, 27 global sales offices and 42 innovation labs as of June 30, 2018.

L&T Technology Services Acquires Karnataka VC Fund-backed Startup Graphene Semiconductor

L&T Technology Services Limited, a leading global pure-play engineering services company and subsidiary of Larsen & Toubro Limited, has acquired 100% stake in Bangalore-based Graphene Semiconductor Services Private Limited ('Graphene') by way of an all cash deal. The transaction is expected to be consummated by October 2018.

The financials of the acquisition deal was not disclosed.




Founded in April 2013, by Vilas Bhade, Vinay Hebballi, Nandagopal Ananda, and Pramod Sabnis, Graphene provide end-to-end support for the semiconductor industry including chip design, Embedded software design and product testing among others. Notably, it is also the first startup in semiconductor space to receive the backing of a governmental-backed VC fund when it received Rs 4.95 crore from Karnataka Semiconductor Venture Capital Fund. The SEBI-registered VC Fund chose Graphene for its differentiated focus in semiconductor technology and end-to-end product development.

Moreover, Graphene was also in the list of Karnataka's 100 Most Innovative Startups, released in 2017.

Graphene is one of the fastest growing companies in the Semiconductor Services domain with a presence in India, Singapore, Taiwan, and Malaysia. Counting 10 of the world’s top semiconductor fabrication and fabless companies as its customers, Graphene provides end-to-end solutions— right from chip design, embedded software, all the way through providing support to mass manufacturing, thereby being a one-stop service and solution provider. Graphene was awarded the title of "Best Startup 2016" by Mentor Graphics and Silicon India. Graphene had revenues of INR 663 million for the year ended March 31, 2018.

“Graphene’s strong offshore presence, coupled with expertise in complete VLSI Chip Design & Embedded Software will be a force multiplier for LTTS and will enhance our capabilities in the Semiconductor & Product OEM space,” said Dr Keshab Panda, CEO & Managing Director, L&T Technology Services Limited.

"Aligning with LTTS is the right decision to expand our global reach. We will now continue fulfilling our vision of enabling our customers realize products that attain market leadership positions in their respective markets," said Vilas Bhade, Co-founder Graphene Semiconductor Services Private Limited.

Larsen & Toubro, which had set up an Internet of Things Solutions Centre in Bangalore, in 2015, has L&T Technology Services Limited (LTTS) as its publicly listed subsidiary offering consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 52 Fortune 500 companies and 51 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 13,000 employees spread across 16 global design centers, 27 global sales offices and 42 innovation labs as of June 30, 2018.

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