Larsen & Toubro Infotech (BSE: 540005, NSE: LTI), a global technology consulting and digital solutions company has expanded its Hyderabad operations by setting up a new facility in the city.
The 110,000 sq. ft. state-of-the-art Center is designed and equipped to house over 3,000 employees and will support company's global operations. The Center will focus on delivering digital, data, and cloud solutions to global clients. The facility hosts new-age amenities related to the safety, security, and overall wellbeing of employees. Located in the Sky View Campus, Hitech City Main Road, Madhapur, the Center is LEED Gold certified by USGBS.
Shri K. T. Rama Rao, Honourable Minister of IT, Industries, MA & UD, Government of Telangana, conveyed: "It is our endeavour to consolidate Telangana's position as the preferred destination for technology solution providers and talent. We have backed this resolve by the highest order of ease of doing business, resulting in increased entry of global corporations such as LTI, which in turn augment the overall ecosystem. I congratulate LTI on the launch of this new facility and look forward to more of such milestones in the future."
Nachiket Deshpande, Executive Board Member & COO, LTI commented: "The city of Hyderabad has a special place in the global technology space that is further complemented by the vast talent pool and an encouraging support by the government. LTI's new Center in the city will strengthen our operations and play a critical role in our growth aspirations."
LTI also signed a Memorandum of Understanding (MoU) with Indian School of Business, the prestigious business school in Hyderabad, to conduct a research on Digital Readiness. This Digital Readiness Index will serve as a tool to assess the state of digitization in enterprises.
Shares of Larsen & Toubro Infotech Limited was last trading in BSE at Rs. 6781.85 as compared to the previous close of Rs. 6619.40. The total number of shares traded during the day was 28340 in over 5998 trades.
The stock hit an intraday high of Rs. 6885.00 and intraday low of 6601.00. The net turnover during the day was Rs. 192527459.00.