Engineering services company L&T Technology Services Limited (LTTS) on Friday (March 15) announced that it has won a first-of-its-kind program in India worth around $100 million (₹800 crore) from the Maharashtra State Cyber Department, under the Maharashtra government.
The project entails designing a sophisticated cybersecurity system and establishing a state-of-the-art, fully equipped, cyber security and cybercrime prevention centre to address cybercrime incidents and investigations by leveraging AI and digital forensic tools.
“This first-of-its-kind deal is more than just a business achievement for us. It’s an opportunity to leverage our experience in setting up over 25 command centers and recognizing the growing criticality of cybersecurity and the need to invest in advanced digital safeguard platforms and tools for the benefit of the larger society. This deal will set the stage for LTTS to scale its offerings for our global clientele,” said Amit Chadha, CEO and Managing Director of LTTS.
Yezdi Nagporewalla, Chief Executive Officer, KPMG in India said, “We are truly proud to be part of this groundbreaking initiative. Collaborating with Maharashtra State Cyber Department and LTTS as a forensic services partner is a matter of pride for KPMG and it showcases our shared commitment to public safety by providing advanced cyber security solutions to counter cyber threats.”
On Thursday, shares of L&T Technology Services Ltd settled 2.37% higher at ₹5,276.60 apiece on the NSE. The stock has risen 12% in the last six months and is up 50% in the last one year.
First Published: Mar 15, 2024 8:59 AM IST