L&T Technology Services Launches New Engineering Design Center in Plano, Texas to Propel Advancements in AI, Tech & Digital Manufacturing
New facility to create over 350 high-skilled jobs in AI, digital engineering, cybersecurity and manufacturing solutions Bangalore, Karnataka, India & Plano, Texas, United States – Business Wire India L&T Technology Services (BSE: 540115, NSE: LTTS), a leading global engineering and technology services company, has unveiled its state-of-the-art Engineering Design Center in Plano, Texas. This investment underscores LTTS' commitment to delivering advanced solutions in AI & Tech and establish more near shore centers tailored to the evolving needs of our clients.
As an ITAR-compliant facility, the center is equipped to design, develop, and test defense-related products and systems. The new design hub will also focus on advanced cybersecurity solutions, including a Security Operations Center (SoC), an enabler for Smart City technologies. Starting with a capacity to house 100 engineers, the center aims to create more than 350 high-skilled jobs in core business segments including Mobility and Tech.
Inaugurated by the Honorable Mayor of Plano, John B. Muns, Vice President at Caterpillar, Tim Graham, Honorable Consul General of India in Houston, Manjunath Chenneerappa, and President & Executive Director (Mobility & Tech) at LTTS, Alind Saxena, the center exemplifies innovation and cross-pollination of technologies. During the inauguration, LTTS' engineers demonstrated capabilities such as: • Factory of the Future for Industry 4.0-based digital manufacturing • TrackEI™, a real-time railway track inspection tool • LTTS iDriVe framework with AD/ADAS, wireless charging, and battery management systems • Fusion platform: Leverages AI to deliver real-time insights for smart cities and Industry 4.0 • Software Defined Imaging: An AI-driven solution which uses NVIDIA's Jetson™ platform to enhance precision and efficiency in endoscopic procedures & makes it more affordable This milestone strengthens Texas' position as a hub for innovation in AI, Generative AI, and Digital Manufacturing, while underscoring LTTS' leadership in building intelligent, innovative products.
U.S. Senator Ted Cruz commended LTTS on the launch of the new engineering design center, stating, 'L&T Technology Services has been an example of engineering innovation and a provider of jobs here in Texas. This new center is a testament to your unwavering commitment to excellence, ingenuity and the future of the Lone Star State. I am thrilled to see that L&T Technology Services' new center will create quality jobs and provide employment to as many as 400 engineers. When companies like L&T Technology Services thrive, it sends a powerful message - Texas is open for business, and we are ready to lead in the industries of tomorrow.' Mayor of Plano, John B. Muns, remarked, 'This center represents innovation at its finest and marks an important step forward for our region. With 100 professionals to start and plan to grow to over 350 engineering jobs, LTTS is not just creating opportunities, they are helping shape the future of advanced technology development and smart manufacturing. I thank LTTS for investing in North Texas and for contributing to a brighter, more innovative future.' Congressman, Pat Fallon, 4th District of Texas, welcomed LTTS' investment. 'It's an exciting day for Plano and Texas as we welcome L&T Technology Services' new Engineering Design Center. This center is a testament to the State of Texas' reputation as a leader in innovation and high-tech excellence, bringing over 350 new age engineering jobs that will fuel growth in smart manufacturing and digital transformation. LTTS' investment in our community showcases the bright future we are building together.' 'This center is more than just an engineering hub — it's a symbol of our promise to bring innovation closer to our clients across all major segments and industries that we serve,' said Alind Saxena, President & Executive Director - Mobility & Tech, L&T Technology Services. 'Plano is now a critical pillar in our global delivery model, with proximity to our clients, while working closely with local partners and talent to co-create industry-defining solutions right here in Texas.' About L&T Technology Services Ltd L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and sustenance services across products and processes.
Purposeful. Agile. Innovation. is how we drive growth across the Mobility, Sustainability and Tech segments. Our customer base includes 69 Fortune 500 companies and 57 top ER&D companies across industrial products, medical devices, transportation, telecom & hi-tech, and process industries. Headquartered in India, we have over 24,250 employees across 23 global design centers, 30 global sales offices, and 108 innovation labs, as of March 31, 2025.
For additional information about L&T Technology Services log on to www.LTTS.com.
To View the Image, Click on the Link Below: The center was inaugurated by the Honorable Mayor of Plano, John B. Muns, Vice President at Caterpillar, Tim Graham, Honorable Consul General of India in Houston, Manjunath Chenneerappa, President & Executive Director (Mobility & Tech) at LTTS, Alind Saxe (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.).
This is an auto-published feed from PTI with no editorial input from The Wire.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
7 hours ago
- Hans India
Servotech Renewable in focus on Monday as Coeus Fund converts warrants
Shares of Servotech Renewable Power System are expected to remain in the spotlight on Monday following a major equity allotment and expansion of its EV charging infrastructure portfolio. The renewable energy firm has converted 10 lakh warrants into equity shares, issued to Coeus Global Opportunities Fund, further strengthening investor confidence. The company allotted the shares at ₹83.40 per share (₹1 face value + ₹82.40 premium), receiving ₹6.25 crore or 75% of the issue price as upfront payment. This allotment is part of a larger preferential issue of 89 lakh warrants announced in January 2024. With this move, Coeus Global Opportunities Fund doubled its stake in Servotech from 0.44% to 0.88%, now holding 20 lakh shares. Consequently, the company's paid-up capital increased from ₹22.48 crore to ₹22.58 crore. Green Energy and EV Infra Drive Growth Servotech's growth isn't limited to capital infusion. Its subsidiary, Incharz (Servotech EV Infra), recently signed an MoU with Noida Power Company Ltd (NPCL) — a joint venture between the RP-Sanjiv Goenka Group and Greater Noida Industrial Development Authority. The deal aims to boost EV charging infrastructure across Greater Noida, targeting corporate campuses, housing societies, commercial spaces, and hospitals. NPCL will assist by recommending strategic locations and liaising with power distribution companies to accelerate setup and reduce costs. Incharz has already installed EV chargers at two residential complexes as part of the initiative. Stock Performance Servotech Renewable has been on a steady upward trajectory: +21% in the past month +19% over the last three months +67% in one year Massive 2,300% gain over three years, making it a multibagger in the smallcap space Despite closing slightly lower at ₹147.50 on Friday (down 0.04%) on the NSE, the stock's fundamentals and long-term prospects remain strong due to its active role in India's green energy transition. Investor Note With increased institutional interest and a strong pipeline in EV infrastructure, Servotech Renewable Power System is likely to draw heightened attention in the coming trading sessions.
Mint
10 hours ago
- Mint
NSE to introduce liquidity enhancement scheme for upcoming electricity futures
The National Stock Exchange on Friday in an attempt to increase participation in the upcoming electricity futures contracts announced a liquidity enhancement scheme for the segment. In a circular on June 27, the NSE announced that the enhancement scheme will be effective from July 11. 'NSE is now pleased to introduce LES in Electricity Futures (Monthly Base Load) with effect from July 11, 2025, to encourage active participation and market development,' it said. The exchange — the largest in terms of market share in both derivative and cash segments — in May had received a green signal from the regulators to launch electricity futures contracts. The NSE has been focussing more on the segment, given the demand of power derivatives in the global market. Electricity futures are a financial contract whereby participants can lock the prices of electricity on a particular day for a certain month in the future. People who can trade in this future can include trading member, corporate buyer, generator, trader, or financial institution approved by the SEBI. No actual power is delivered through electricity futures. In its Friday circular, the NSE said that trading members who are interested in providing continuous quotes as Market Makers (MM) are required to register with the exchange. 'The exchange will appoint two Market Makers (MM1 & MM2) for Electricity Futures contract based on a competitive bidding procedure. The successful bidder shall be appointed as MM for a period of 6 months from the date of launch of LES on Electricity Futures,' it said. The interested people must register with the exchange by July 2, it said. In terms of incentives, Market Maker 1 will be eligible for a monthly incentive of ₹ 85 lakh, and Market Maker 2 will get ₹ 45 lakh provided they meet all quoting conditions. NSE specifies four criteria to become a market maker to trade in electricity futures: 1. Net worth of ₹ 5 crore. 2. No serious disciplinary action against the member in the last year. 3. Member should have algo registration in commodity derivatives segment. 4. The member (or group entity) must demonstrate a reasonable understanding, experience in or ownership of assets, companies, customers, or plants in at least one segment of electricity sector value chain, including generation, transmission, distribution, power trading, equipment supply, or Engineering, Procurement and Construction (EPC).
Economic Times
10 hours ago
- Economic Times
VRL Logistics board to meet on July 4 to consider bonus share issue
Live Events VRL Logistics share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The board of directors of VRL Logistics is set to meet on Friday, July 4, in order to consider the issue of bonus shares for its shareholders , who will be eligible as on the record date, which will be declared later.'In accordance with the extant provisions of Regulations 29 of the SEBI (LODR) Regulations, 2015 referred above, we hereby inform that, a meeting of the Board of Directors of VRL Logistics Limited (the 'Company') will be held on Friday July 4, 2025, inter alia, to consider and recommend to the shareholders, for their approval, the capitalization of reserves & retained profits for issuance of Bonus shares,' said the company in a regulatory other details have been yet disclosed by the approved, this will be the first-ever bonus issue in the history of VRL Logistics, according to the Trendlyne data. bonus share issue is when a company gives additional shares to its existing shareholders for free, in proportion to the number of shares they already hold. It is usually done to reward shareholders and is issued from the company's accumulated example, in a 1:1 bonus issue, a shareholder receives one extra share for every one share held. While the number of shares increases, the overall value of the investment remains the same initially, as the share price adjusts issues do not involve any cash outflow and are often seen as a sign of the company's confidence in its future the past one year, the shares of VRL Logistics have gained 1.98%. On a year-to-date (YTD) basis, it is up 12.42%, while the six-month return stands at 11.57%. In the last three months, the stock has delivered a strong return of 21.09%. However, over the past one month, the gain has been marginal at just 0.10%.On Friday, VRL Logistics shares closed flat at Rs 573.10 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
