Larsen & Toubro Infotech (BSE: 540005, NSE: LTI), a global technology consulting and digital solutions company has partnered with Qatar-based global conglomerate, Power International Holding (PIH) Group of Companies to enable large scale Digital Transformation leveraging an extensive array of SAP® solutions for an intelligent enterprise. The solution framework implementation further strengthens and accelerates PIH's vision to attain a digital-first, data-driven business approach.
As part of PIH's Digital Transformation journey with LTI, 63 companies of the group spread across four business domains underwent transformation of more than 250 processes. This digital transformation leverages SAP S/4HANA®, SAP SuccessFactors® solutions, and SAP's industry cloud solutions and extensions built on SAP Business Technology Platform (SAP BTP) leveraging several IP-based solutions from LTI designed for engineering & construction industry. It includes planning synchronizer, project pay chain, resource deployment tool, project management cockpit for performance forecasting, engineering cashflow and supplier portal. This initiative has enabled PIH Group of companies to have a smooth flow of data to enable more accurate and timely decision making across varied business landscape and has also enabled them to have business playbooks for new acquisitions, mergers or demergers.
Sudhir Chaturvedi, President & Executive Board Member, LTI, said: "The digital acceleration caused by the pandemic has brought the benefits of embracing disruptive technologies to the fore. Digitizing the core can enhance process efficiency, customer satisfaction and reduce costs that together help in achieving business excellence. LTI's rich heritage of experience in the Engineering & Construction industry and our robust partnership with SAP as a global strategic service partner makes us the ideal partner of PIH for this ambitious engagement."
Jasim Abdul Rahman, Group Chief Information Officer, PIH, said: "At PIH we have resolved to evolve, diversify and grow by adopting a digital-first approach. Toward this objective, we wanted a solution that not only encapsulates existing businesses under a single digital framework but also provides the flexibility to equip our foray into newer industries in future. LTI's proven expertise in enabling disruptive digital transformation systems is globally acclaimed and together with SAP, our partnership has enabled PIH's transformative journey."
Alaa Jaber, Managing Director for SAP Qatar and Fast Growth Markets commented: "The current times emphasize the importance of agility, flexibility and scalability for Qatar's businesses to continue marching towards growth. PIH's digital transformation with LTI stands out as an ideal testimony to showcase a proactive approach in embracing technology to help large businesses scale up with pace."
PIH is a Qatar based conglomerate with a 60,000+ employees operating out of several countries across six sectors - General Contracting (UCC Holding), Real Estate Development, Industry and Services, General Services, Agriculture & Food industries (Baladna) and Hospitality and Entertainment.
Shares of Larsen & Toubro Infotech Limited was last trading in BSE at Rs. 6928.50 as compared to the previous close of Rs. 6830.40. The total number of shares traded during the day was 17276 in over 4860 trades.
The stock hit an intraday high of Rs. 6941.00 and intraday low of 6604.60. The net turnover during the day was Rs. 117751225.00.