L&T Technology Services Limited — Capital/Financing Update 2019

Dec 23, 2019

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December 23, 2019

National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex Bandra (East), Mumbai-400 051. NSE Symbol: LTTS

The BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001 BSE Script Code: 540115

Dear Sirs,

We are sending herewith copy of the Press Release titled “L&T Technology Services awarded multi-million-dollar EPCM project in Europe” which will be disseminated shortly.

The Press release is self-explanatory.

Kindly take the above intimation on records and acknowledge the receipt of the same.

Thanking You,

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L&T Technology Services awarded multi-million-dollar EPCM project in Europe

Bengaluru, December 23, 2019: L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global pure-play engineering services company, won a multi-million dollar project from one of the world’s top plastics, chemicals and refining manufacturers, to deliver the entire spectrum of Engineering, Procurement and Construction Management (EPCM) services for the expansion of an existing site in Europe.

With over a decade of engineering, manufacturing and construction expertise, LTTS helps customers achieve operational excellence and maximize efficiencies by delivering a complete Engineering, Procurement & Construction Management services package.

The expansion project will be implemented at the customer’s brownfield plant in Germany over 30 months. As the strategic engineering partner, LTTS will play a key role in executing the entire project through an EPCM model, from procurement and supply chain management support to safety aspects and efficient design.

The project execution from LTTS will help the customer deliver quality products to endcustomers and expand its reach to meet the growing demands of the global chemical and polymers market.

Mr Amit Chadha, President, Sales & Business Development and Board Member at L&T Technology Services said, “As the leading services provider to the Process Industry, LTTS carries with it impeccable credentials. With 7 of the top 10 customers in the Process Industry and a demonstrated track record in end-to-end EPCM and manufacturing expertise, this deal win from an industry leader is a reaffirmation of LTTS' strong position in Plant Engineering. LTTS has already carried out successful brownfield projects in the USA and we are privileged to extend our engagement with an important customer to the European markets.”

About L&T Technology Services Ltd:

L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 51 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 16,700 employees spread across 17 global design centers, 28 global sales offices and 49 innovation labs as of September 30, 2019.

Media Contact for LTTS: Aniruddha Basu L&T Technology Services Limited E: Aniruddha.Basu@LTTS.com T: +91-80-67675173

REGISTERED OFFICE: L&T House, N.M. Marg, Ballard Estate, Mumbai - 400 001 CIN: L72900MH2012PLC232169

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