L&T arm bags ExxonMobil deal, expects $20 million revenue in first year - News Summed Up

L&T arm bags ExxonMobil deal, expects $20 million revenue in first year


On Monday, L&T Technology Services shares fell 0.97%, or Rs11.85, to Rs1,210.00 on the BSE while the benchmark Sensex rose 0.48%, or 161.57 points, to end the day at 33,788.54. Mumbai: L&T Technology Services Ltd has bagged a multi-million deal from ExxonMobil Exploration Company, which will deliver revenues of $20 million in the first year, the L&T arm said Monday. It will deploy geospatial and digital expertise and work with sister company L&T Infotech on the contract. The company said the deal reaffirms its technology investment strategy and cements its position in the rapidly changing oil and gas industry going through digital shifts. On Monday, L&T Technology Services shares fell 0.97%, or Rs11.85, to Rs1,210.00 on the BSE while the benchmark Sensex rose 0.48%, or 161.57 points, to end the day at 33,788.54.


Source: Mint April 09, 2018 12:00 UTC



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