Rajeev Gupta
Chief Financial Officer
L&T Technology Services (LTTS)
How does LTTS plan to leverage the strong deal wins witnessed during Q1FY23? According to you, which segment will benefit the most from these deal wins? In the first quarter we won a total of seven large deals, marking a second consecutive quarter of a large deal win in aero and rail with a USD 50 million deal in the rail space. This new deal win is in the rail signalling space where we will work on next generation connectivity-based solutions. This follows right after the USD100 million plus deal that we garnered in the eVTOL urban mobility space last quarter. So yes, our large deal win traction currently looks good. This will help us in further capability investments on the digital and automation side, as well as investments in infrastructure and workforce over the next few quarters. We are seeing strong pipeline across all segments, with transportation, industrial products and plant engineering benefitting from the recent large deal wins.
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