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Shares of Larsen and Toubro Technology Services rose over 2% on March 15 after the corporate bagged a Rs 800-crore order to supply superior cybersecurity options to the state to reinforce public security in Maharashtra The complete quantity was 5,385 rupees.
“The firm, in a consortium with KPMG Assurance & Consulting Services LLP as a forensic companion, will present states with superior cybersecurity options to reinforce public security towards cyber threats,” it stated in an alternate submitting.
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The challenge contains constructing a complicated cybersecurity system and establishing a cybersecurity and cybercrime prevention heart. Defend towards cyber threats and resolve cyber assaults utilizing synthetic intelligence and digital forensic instruments.
“This first-of-its-kind deal is greater than only a enterprise win for us; it establishes greater than 25 command facilities and displays the rising significance of cybersecurity and investments in superior digital safety. This is a chance to leverage our expertise in recognizing the necessity to present a platform and instruments to learn the higher society. This settlement will assist LTTS broaden its providers to clients all over the world. We are gearing up,” stated Amit Chadha, CEO and Managing Director, LTTS.
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The firm reported a consolidated internet revenue of Rs 336.2 million for the quarter ended December 2023, 13% increased than Rs 330 million in the identical interval final 12 months. Operating income stood at Rs 2,422 crore, a rise of 12% in comparison with Rs 2,049 crore recorded within the corresponding quarter of the earlier monetary 12 months.
As of 12:20 pm, the inventory was buying and selling at Rs 5,379, up 2.2% from the earlier closing worth. Last 12 months, the inventory worth rose greater than 50%.
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