L&T Technology Services surges on entering into 5-year collaboration with Nokia for R&D support in India
Mumbai, October 26 (Udaipur Kiran): L&T Technology Services is currently trading at Rs. 4027.00, up by 116.40 points or 2.98% from its previous closing of Rs. 3910.60 on the BSE.
The scrip opened at Rs. 3862.65 and has touched a high and low of Rs. 4050.00 and Rs. 3862.65 respectively. So far 28579 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 4746.95 on 24-Dec-2025 and a 52 week low of Rs. 3030.00 on 01-Jul-2026.
Last one week high and low of the scrip stood at Rs. 4140.50 and Rs. 3577.50 respectively. The current market cap of the company is Rs. 42565.22 crore.
The promoters holding in the company stood at 73.51%, while Institutions and Non-Institutions held 18.19% and 8.29% respectively.
L&T Technology Services has entered into a five-year collaboration with Nokia to support engineering and R&D activities in India. This collaboration brings together the company’s engineering capabilities with Nokia’s telecommunications technology work. Under the agreement, the company will support Nokia R&D programs across areas including product engineering, software development, system integration, and product support.
As part of this vision, the company will establish a dedicated Offshore Development Center (ODC) in India to support Nokia’s engineering and R&D initiatives. This aligns with the company’s Lakshya 31 strategy and its focus on next-generation compute and AI infrastructure. The ODC will operate at this intersection, bringing data-center-grade compute and AI-infrastructure engineering to next-generation telecom solutions.
The company will also create a dedicated engineering team in India to support Nokia’s Technology Center globally, with work spanning areas such as 5G networks, intelligent automation, AI-driven operations and AI infrastructure. It will work with Nokia’s global R&D teams through an integrated operating model. The engagement will cover research and development, product engineering, new product development, embedded systems, software development, system integration, and ongoing support.
L&T Technology Services is a leading global pure-play engineering research and development (ER&D) services company.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
