L&T Tech took a Rs 350 cr haircut for the AI tag. Now it must prove the moat isn’t rented
L&T Technology Services (LTTS) is betting the house on AI. Not entirely metaphorically.
In 2023, the engineering-services firm took over its parent’s Smart World and Communication’s (SWC) business with the aim of expanding its offerings across telecom, cybersecurity, and smart city projects. In September, it soldBseindiaDisclosure the business to Hyderabad-based AMI Paradigm Solutions for a shade over Rs 450 crore, booking a Rs 350 crore lossLTTSBusiness update. And SWC was no peripheral enterprise. At Rs 1,028 crore, it accounted for 10% of........
