L&T Technology Services gains on inaugurating Simulation Centre of Excellence for Airbus

L&T Technology Services Ltd. | IT - Software | IT & ITES | BSE: 540115 | NSE: LTTS

23 May 2024 Evaluate

L&T Technology Services is currently trading at Rs. 4612.20, up by 22.05 points or 0.48% from its previous closing of Rs. 4590.15 on the BSE.

The scrip opened at Rs. 4629.85 and has touched a high and low of Rs. 4629.85 and Rs. 4566.45 respectively. So far 728 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5884.95 on 08-Apr-2024 and a 52 week low of Rs. 3744.10 on 25-May-2023.

Last one week high and low of the scrip stood at Rs. 4635.00 and Rs. 4415.10 respectively. The current market cap of the company is Rs. 48544.76 crore.

The promoters holding in the company stood at 73.74%, while Institutions and Non-Institutions held 17.60% and 8.65% respectively.

L&T Technology Services (LTTS) has inaugurated the Simulation Centre of Excellence (CoE) for Airbus, strategically located at the LTTS state-of-the-art campus in Bangalore. This Centre of Excellence is designed to bolster engineering support for Airbus aircraft structural simulation activities across its diverse business units in Europe spanning France, Germany, the UK, and Spain.

Equipped with the latest in simulation software, hardware, and high-performance computational machinery, the Simulation CoE aims to unify and standardize processes across all Airbus European business units and aircraft programs. The ultimate objective is to streamline efficiency and enhance productivity, facilitating the timely achievement of program milestones.

Initiated approximately 18 months ago with a specialized core team, the CoE has demonstrated significant growth and development. The strategic plan includes a substantial scaling up of the centre over the next two years. This expansion reflects the deep commitment of LTTS to fostering innovation and excellence in aerospace engineering, highlighting the dedication to advancing the industry through sustained development and expertise.

L&T Technology Services is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services.

L&T Technology Serv. Share Price

3799.75 55.45 (1.48%)

06-May-2026 16:59 View Price Chart

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