New Delhi, Oct. 1 -- L&T Technology Services Limited on Wednesday announced that it has secured a multi-year agreement valued at $100 million with a US-based industrial equipment manufacturer. This strategic partnership marks a pivotal moment for L&T Technology Services, as it aligns with the growing demand for innovation and AI-enabled transformations in the industrial sector, specifically within the semiconductor value chain, the IT major said in a stock exchange filing on 1 October.

As per the agreement, L&T Technology Services (LTTS) will provide extensive support for the client's initiatives in several critical areas, the statement said. These include new product development, sustenance engineering, value engineering, and platform a...