L&T Tech Signs 5-Year Deal With Nokia

L&T Technology Services has signed a 5-year deal with Nokia to support its R&D programs in India. The deal covers areas including product engineering, software development, system integration, and product support.

The agreement includes the establishment of a dedicated Offshore Development Center (ODC) in India to support Nokia's engineering and R&D initiatives. The ODC will operate at the intersection of next-generation compute and AI infrastructure.

L&T Technology Services will also create a dedicated engineering team in India to support Nokia’s Technology Center globally. The team will work on areas such as 5G networks, intelligent automation, AI-driven operations, and AI infrastructure.

The deal has had a positive impact on L&T Technology Services' shares, which rose 4% after the announcement. The stock opened at Rs 3,862.65 and touched a low of Rs 3,862.65 during the session, before reaching a session high of Rs 4,050 apiece.

## Why it matters The partnership between L&T Technology Services and Nokia is significant, as it reflects the trust that leading technology innovators place in L&T's Engineering Intelligence approach and deep-tech engineering expertise. The collaboration also aligns with L&T's Lakshya 31 strategy, which focuses on next-generation compute and AI infrastructure. This area is expected to be fundamental to the evolution of future communication networks and intelligent data centers.

The deal is also a milestone for L&T Technology Services, as it demonstrates the company's ability to support leading technology innovators in their R&D initiatives. With the establishment of a dedicated Offshore Development Center and a team to support Nokia's Technology Center globally, L&T Technology Services is well-positioned to support Nokia's engineering and R&D initiatives in India and beyond.